# Taekwang Fujikin to invest 55.7 billion won in new valve plant in Busan Hwajeon industrial complex

Taekwang Fujikin signed a site lease agreement with the Busan-Jinhae Free Economic Zone Authority to build a new factory in the Hwajeon industrial complex in Busan, South Korea, consolidating its existing plants with a total investment of 55.7 billion won, with about 450 new jobs planned and completion by 2025.

- Type: Expansion
- Announced: 2021-05-17
- Where: Busan Hwajeon industrial complex, South Korea
- Value: $49.3M (55.7B KRW)
- Jobs: 450
- Status: announced
- Products: semiconductor valves, industrial precision valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Taekwang Fujikin](https://endata.com/companies/7980.md)
- [Fujikin](https://endata.com/companies/7981.md) (investor)

## Sources

- [mtnews.net](https://www.mtnews.net/news/articleView.html?idxno=10828), 2021-05-17: "총투자비용 중 350억 원은 미처분 이익잉여금으로 외국인투자(FDI) 신고 및 도착은 5월 초 완료했다."

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