# Jagwa Electronics to build $500B won camera actuator plant in Gumi, South Korea

Jagwa Electronics (Magnetized Electronics) signed an MOU to invest 500 billion won over four years to build a mobile camera actuator production plant in Gumi 1 National Industrial Complex, creating 400 new jobs. The plant will have an annual production capacity of 100 million camera actuators.

- Type: New facility
- Announced: 2026-07-03
- Where: Gumi, North Gyeongsang Province, South Korea, South Korea
- Jobs: 400
- Starts operating: 2029
- Status: announced
- Capacity: 100 million camera actuators per year
- Products: mobile camera actuators
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Jagwa Electronics](https://endata.com/companies/92825.md)

## Sources

- [mk.co.kr](https://www.mk.co.kr/en/society/12089740), 2026-07-03: "Magnetized Electronics, a manufacturing company specializing in optical precision parts, will invest 500 billion won in Gumi, North Gyeongsang Province to establish a new plant."

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