Jeonbuk State is speeding up the attraction of companies by signing investment agreements worth a total of 28 billion won with three promising companies amid unfavorable economic conditions such as global economic slowdown and high interest rates.

Jeonbuk State announced on the 16th that it will sign an investment agreement with SI Materials Co., Ltd. (May.12), Konkuk Tech Co., Ltd. (May 14), and WithEL Co., Ltd. (May16), respectively, and will work with the relevant cities and counties such as Iksan-si, Wanju-gun, and Jeongeup-si to settle stable investment and establish a regional win-win model.

The agreement is expected to have a positive impact on the diversification of Jeonbuk's industrial landscape, as it is evenly spread across high-tech industries and new markets such as high-purity silicon powder for secondary batteries, bus and heavy truck assembly parts, and functional pet food.

Jeonbuk State and the three cities and counties plan to create a win-win ecosystem with the companies in the province by sparing no location, administration, and financial support for contracting companies, while giving priority to local manpower and materials.