< Auto parts factory established with investment of 34 billion KRW in Geoncheon Yongmyeong General Industrial Complex, creation of 210 new jobs expected > Gyeongju-si concluded memorandum of understanding (MOU) for establishment of auto parts manufacturing factory with BEOJEONG Co.,Ltd. at Video Conference Room in Gyeongju City Hall on April 9, 2013.

BEOJEONG Co.,Ltd. is established with investment of 34.3 billion KRW with site area of 24,790㎡ and total floor space of building of 18,180㎡ in Geoncheon Yongmyeong General Industrial Complex located in Geoncheon-eup, Gyeongju-si

Gyeongju Factory of BEOJEONG Co.,Ltd. is planning to prepare the high tech equipments based on continuous research and development and independent technology, manufacture 7 types of auto body parts, and deliver those to Hyundai Motor Company and Kia Motors Corporation.

Also, SHINYOUNG CO.,Ltd., which is a mother company of BEOJEONG Co.,Ltd., was established in March, 1999 with the head office in Yeongcheon-si, Gyeongsangbuk-do. This medium-sized company, a specialized in auto body parts and mold manufacturing and known for the technology in domestic and international markets including the United States, Japan, Europe and China, operates 4 domestic corporate bodies, 8 factories, and 2 international corporate bodies.

With this investment, creation of 210 new jobs is estimated and also joint investment of small and medium sized subcontractors is expected due to the attraction of BEOJEONG Co.,Ltd., in Gyeongju-si. It is expected not only to help with solution for unsold industrial complex due to the economic stagnation, but also to contribute to regional economic vitalization and creation of job.