# Yulim Tech to invest KRW 120B in Daegu plant expansion

Yulim Tech signed an MOU to invest KRW 120 billion to expand its manufacturing plant in Daegu National Industrial Complex, adding 350,000 units of future vehicle housing capacity per year. Construction starts September 2024, completion June 2025.

- Type: Expansion
- Announced: 2024-05-22
- Where: Daegu National Industrial Complex, Daegu, South Korea
- Value: $90.0M (120.0B KRW)
- Starts operating: Jun 2025
- Status: announced
- Capacity: 350,000 units per year
- Products: eco-friendly automotive parts, drive motors, integrated vehicle controllers
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Yulim Tech](https://endata.com/companies/77627.md)

## Sources

- [investkorea.org](https://www.investkorea.org/dg-en/bbs/i-1381/detail.do?ntt_sn=491328), 2024-05-24: "we hope this MOU will be an opportunity for Daegu to develop into a global city of future mobility."

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