# Jungwoo Hitech to invest 15 billion won in Yeongcheon automotive parts plant

Jungwoo Hitech signed an investment agreement with Yeongcheon City to invest 15 billion won (approx. USD 10.4 million) to expand production facilities for seat frames and cowl crossbars at the Yeongcheon Geumho General Industrial Complex, creating about 50 new jobs.

- Type: Expansion
- Announced: 2026-04-28
- Where: Yeongcheon Geumho General Industrial Complex, Yeongcheon, North Gyeongsang Province, South Korea
- Value: $10.4M (15.0B KRW)
- Jobs: 50
- Status: announced
- Products: seat frames, cowl crossbars
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Jungwoo Hitech](https://endata.com/companies/91586.md)

## Sources

- [m.dk.breaknews.com](https://m.dk.breaknews.com/207994), 2026-04-28: "This agreement will serve as a stepping stone for Yeongcheon to leap forward as a hub for the automotive parts industry."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.