# TK-Fujikin to invest KRW 55.7bn in new valve factory in Busan

TK-Fujikin signed an MOU with Busan Jinhae Free Economic Zone Authority to invest KRW 55.7 billion in a new factory on a 33,881 square metre site in Busan, adding to its existing plants. The project is scheduled to finish in 2025 and add about 450 jobs.

- Type: Expansion
- Announced: 2021-05-17
- Where: Busan, South Korea
- Value: $49.1M (55.7B KRW)
- Jobs: 450
- Status: announced
- Products: ultra-precision valves for semiconductor production
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [TK-Fujikin](https://endata.com/companies/8022.md)
- [Busan Jinhae Free Economic Zone Authority](https://endata.com/companies/8023.md) (partner)

## Sources

- [investkorea.org](https://www.investkorea.org/bsn-en/bbs/i-1464/detail.do?ntt_sn=491135), 2021-05-27: "The valve maker is reported to invest as much as KRW 55.7 billion in a new factory on a 33,881㎡ site."

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