# Jinyang Industry to build forged automotive parts plant in Gyeongju, South Korea

Jinyang Industry will invest 80 billion KRW to build a forged parts production factory for internal combustion and electric vehicles in Gyeongju, creating about 160 jobs.

- Type: New facility
- Announced: 2023-08-31
- Where: Gyeongju, South Korea, South Korea
- Value: $60.0M (80.0B KRW)
- Jobs: 160
- Starts operating: 2025
- Status: announced
- Products: forged automotive parts for internal combustion and electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Jinyang Industry](https://endata.com/companies/72363.md)

## Sources

- [asiae.co.kr](https://www.asiae.co.kr/en/article/2023083111002742900), 2023-08-31: "Jinyeong Industry will invest 80 billion KRW by 2025 to build a forged parts production factory for internal combustion engine vehicles and electric vehicles."

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