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Խù[Gyeongsangbuk-do Signs a KRW 110 Billion MOU with Orpum]
TITLE Gyeongsangbuk-do Signs a KRW 110 Billion MOU with Orpum
NAME DATE 2017-11-07 11:10:08
MAIL gbinvest@korea.kr 
FILE ÷ 201711071110089775.jpg 201711071110089775.jpg
÷ 201711071110089943.jpg 201711071110089943.jpg
Gyeongsangbuk-do Signs a KRW 110 Billion MOU with Orpum,
in the First Ceremony to be Held at the New International Commerce Exchange Center
- The Center is expected to be an effective vehicle for the local government’s efforts to attract investments and create jobs in the new provincial government building. -

The International Commerce Exchange Center recently opened its doors and hosted its first event. The Center is expected to be the new base of operations for the efforts of the provincial government to attract new investments and promote international exchanges.

Gyeongsangbuk-do signed a memorandum of understanding (MOU) with Orpum, for a total investment of KRW 110 billion and the creation of 80 new jobs. The ceremony was held at the said Center on the 19th (Saturday).

Under the MOU, Orpum will expand its animal-friendly chicken processing facilities and state-of-the-art automated systems, which will create the foothold for the company’s growth into a global food company. With these investments, the company will be able to expand their production capacity from 270,000 heads per day to 400,000, as well as complete its system for producing nature-friendly and premium-grade chicken. In addition, the MOU will help Gyeongsangbuk-do attract more investments and create new jobs in the area.

Since its inception in 2002, Orpum has been recognized for their high hygienic standards and the quality of its products. The recognition took the form numerous certifications, including the HACCP, Best Livestock Product Brand, and McDonald’s Quality Approval. It is one of the more exceptional local companies that employ more than 750 workers at any time of the year.

This local business won the 2017 Gyeongbuk Industry and Peace Award in recognition of its contribution to the local economy. The company buys more than 67% of the chickens it uses in Gyeongsangbuk-do, and around 47.7% of them come from farmers in Sangju.

Gyeongsangbuk-do Governor Gwang-yong Kim said: “I would like to express my gratitude to Orpum for making such significant investments without hesitation, despite the various difficulties, including the recurrence of the avian flu and the pesticide egg scandal. Gyeongsangbuk-do will provide continuous support to help Orpum grow into a global food company.”

“We will use the International Commerce Exchange Center as a forum to promote cooperation and harmony for the middle section of Korea. By year-end, we will use the venue as the vehicle for our ongoing investment MOU projects (4 projects; total value of KRW 2,060 billion) and job-creation efforts,” he added.

The International Commerce Exchange Center was built to serve as a venue for events and efforts involving international commerce, local assembly, and local governments, such as job creation projects, investment projects, meetings of Gyeongbuk citizens living abroad, and overseas advisory committees.