Pyeongtaek City attracted 1.1 trillion won in investment last year...A total of 4.5 trillion won for the 8th popular election.

Pyeongtaek City announced that it has signed a memorandum of understanding (MOU) with 18 companies last year despite the global economic downturn to attract investment worth 1.12 trillion won.

This is expected to create about 2,630 new jobs, it added.

Pyeongtaek City's investment attraction was centered on high-tech industries such as semiconductors and secondary batteries.

Since signing an investment agreement worth 50.2 billion won with JOTEC in February last year, it has signed agreements with blue-chip companies such as Kyungdong Polyum, Hanwha Aerospace, Top Materials, and Husso Korea.

As an overseas company, it led investment of 133 billion won from two companies, including UL Solutions, in May last year.

The company plans to conduct semiconductor-related business within the Pyeongtaek Foreign Investment Industrial Complex in the future.

City resumed the investment promotion briefing last year, which was not possible due to COVID-19, and held a 'semiconductor specialized complex investment cooperation briefing' in October of the same year, with 11 foreign semiconductor companies participating.

Since the launch of the 8th popular election, including last year's performance, the city has signed 37 business agreements (MOUs) with domestic and foreign companies so far, attracting a total of 4.57 trillion won in investment, according to the city.

Mayor Chung Jang-sun said, "We will continue to attract large companies and promising companies by providing a location suitable for corporate demand, and do our best to attract high-tech industry partners to build a sound regional economy."