# Otrontic to build $30M auto electrical parts plant in Ulsan, South Korea

Otrontic will invest 40.7 billion KRW (approx. $30M) to build a new automotive electrical parts factory in Ulsan's High-Tech Valley Industrial Complex. Construction starts January 2023, completion March 2024, creating 180 jobs.

- Type: New facility
- Announced: 2022-12-28
- Where: Ulsan, Ulsan High-Tech Valley Industrial Complex, South Korea
- Value: $30.0M (40.7B KRW)
- Jobs: 180
- Starts operating: Mar 2024
- Status: announced
- Products: automotive electrical parts, actuators
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Otrontic](https://endata.com/companies/67552.md)

## Sources

- [fnnews.com](https://www.fnnews.com/news/202212280639457804), 2022-12-27: "자동차 전기장치 업체, 울산 산단에 공장 신설…407억 투자"

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