# Korea Electric Wire to build power cable factory in Daegu, South Korea

Korea Electric Wire signed an investment agreement with Daegu City to invest KRW 51.8 billion to build a power cable manufacturing plant in Seongseo Industrial Complex by 2023. Construction of the first phase starts January 2022 with completion in September 2022.

- Type: New facility
- Announced: 2021-08-23
- Where: Daegu, Seongseo 3rd Industrial Complex, South Korea
- Value: $44.0M (51.8B KRW)
- Starts operating: Sep 2022
- Status: announced
- Products: power cables
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Korea Electric Wire](https://endata.com/companies/57239.md)

## Sources

- [donga.com](https://www.donga.com/news/Society/article/all/20210822/108702051/1), 2021-08-22: "새로운 미래 터전이 될 성서산업단지에서 제2의 도약을 하겠다."

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