Kwang Jo ILI is building a second factory extension at its headquarters in Yangsan, South Gyeongsang, to produce ball, butterfly, check and needle valves. Operations are targeted for November 2022.

PK Valve, a subsidiary of STX, began building a second dedicated plant for cryogenic butterfly valves for LNG carriers, targeted for completion in September 2021. The company expects LNG valve sales of 50 billion won in 2021.

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.

Taekwang Fujikin signed a site lease agreement with the Busan-Jinhae Free Economic Zone Authority to build a new factory in the Hwajeon industrial complex in Busan, South Korea, consolidating its existing plants with a total investment of 55.7 billion won, with about 450 new jobs planned and completion by 2025.

Cosmax will invest 41.5 billion won in its Pyeongtaek Goryeom industrial complex plant to expand production capacity and extend its logistics center, with work running May 2021 to March 2023.

Entegris Korea signed an agreement with Gyeonggi Province for an additional $20 million investment, reinvesting profits from Korea. It began building a production facility in Hwaseong Jangan 2 industrial complex that will make high-purity chemicals and special containers, and will hire 50 people.

A company identified only as D signed an MOU with Chungcheongnam-do to buy an empty 6,603.7 sq m factory in Cheonan's foreign investment zone and invest a further $5 million to expand semiconductor materials production.

Lotte BP Chemical confirmed an 180 billion won expansion at its Ulsan plant to build acetic acid and vinyl acetate monomer capacity, with construction from January 2019 to September 2020 and commercial production from January 2021. The project is expected to create 50 direct jobs.

Kumho P&B Chemicals will invest 200 billion won to add 200,000 tonnes per year of BPA capacity at a new site near its Yeosu plant, raising capacity from 450,000 to 650,000 tonnes. Completion is due in the second half of 2021.

Chinese valve maker Geonhwa Valve signed an MOU with Chungnam province and Boryeong city to invest 10 million dollars in expanding its cast iron pipe valve factory in the KXD industrial complex by year-end, creating 50 jobs.