# Dongyeon Autotech to build $20M auto parts plant in Busan, South Korea

Dongyeon Autotech signed an MOU with Busan city to invest 26 billion won (approx. USD 20 million) in a new second plant in Gijang-gun, Busan. Construction starts October 2023 with completion targeted for May 2024, creating 40 new jobs.

- Type: New facility
- Announced: 2023-09-26
- Where: Gijang-gun, Busan, South Korea
- Value: $20.0M (26.0B KRW)
- Jobs: 40
- Starts operating: May 2024
- Status: announced
- Products: automotive parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Dongyeon Autotech](https://endata.com/companies/72843.md)

## Sources

- [yna.co.kr](https://www.yna.co.kr/view/AKR20230926021400051), 2023-09-25: "동연오토텍은 부산 기장군 오리일반산업단지에 260억원을 투자해 부산 제2공장을 신설할 계획이다."

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