# KEC invests 20 billion KRW in production facilities at Gumi plant

KEC announced a 20 billion KRW investment in production facilities at its Gumi plant to localize semiconductor products and expand supply capacity.

- Type: Investment
- Announced: 2021-11-15
- Where: Gumi, South Korea
- Value: $16.8M (20.0B KRW)
- Status: announced
- Products: semiconductor products
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [KEC Corporation](https://endata.com/companies/38159.md)

## Sources

- [asiae.co.kr](https://www.asiae.co.kr/en/article/2021111514144262540), 2021-11-15: "This is to localize semiconductor products that depend on imports and to expand supply capacity in response to increasing demand."

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