Source: eKapija | Friday, 22.11.2019.| 08:34
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Korean company Kyungshin interested in Smederevska Palanka – Construction of factory and jobs for 1,000 workers planned

Illustration (Photo: Andrey_Popov/
Representatives of the Korean company Kyungshin, one of the companies within Kyungshin Cables Group, has visited Smederevska Palanka.

The Korean company plans to build a factory of electronic components for the automotive industry and intends to invest EUR 24 million and employ 1,000 workers, it is said on the website of the Municipality of Smederevska Palanka.

The working meeting was held in the premises of the municipality of Smederevska Palanka, and in addition to representatives of Kyungshin, it was attended by representatives of the Development Agency of Serbia and the Korea Trade-Investment Promotion Agency, as well as the presidents of the municipalities of Smederevska Palanka and Velika Plana, Nikola Vucen and Igor Matkovic. After the working meeting, the investors visited the Industrial Zone Guberas.

Through the Development Agency of Serbia, the representatives of the Korean company visited several locations in Serbia and this was their second time in Smederevska Palanka.

The Korea Trade-Investment Promotion Agency is the trade department of the Embassy of South Korea, which works with all investors coming from Korea and all companies looking to enter the Serbian market. Representatives of Kyungshin want to invest in Serbia.

– In addition to the importance it has for Smederevska Palanka and Velika Plana, this investment will also be very important for the rest of Serbia, as it will be a good sign for other Korean investors who are considering Serbia as an investment destination. Korean investments have contributed a lot to the development of central Europe and countries like Slovakia, Poland, the Czech Republic and Hungary, where a large number of them is present. The company would produce battery components for electric vehicles. This is a very important investment, as the future is in electric cars – said the adviser for economic affairs and investments of the Korea Trade-Investment Promotion Agency, Mihailo Pavlovic.

The deputy director general of Kyungshin, Won Ju Hye, pointed out that her impressions of Smederevska Palanka were very positive and that she hoped for a future cooperation.
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