
AI-generated summary
Yongin City approved the development plan for the Jukneung General Industrial Complex in the area of Jukneung-ri, Wonsam-myeon, Cheoin-gu. This industrial complex consists of industrial facilities, support facilities, public facilities, and other facilities, and plans to attract related companies in connection with the Yongin Semiconductor Cluster General Industrial Complex, where SK Hynix plans to invest 600 trillion won.
Yongin City, Gyeonggi Province, announced on the 13th that it had approved the development implementation plan for the Jukneung General Industrial Complex.
This industrial complex, which will be built on an area of 68,940㎡ in the area of 8, 140 Jukneung-ri, Wonsam-myeon, Cheoin-gu, consists of industrial facilities (44,158㎡), support facilities (3,059㎡), public facilities (18,772㎡), and other facilities (2,951㎡).
Jukneung Industrial Complex Co., Ltd., the project operator, plans to create an industrial complex by December 31 of next year.
The Jukneung General Industrial Complex plans to attract related companies such as ▲ metal processing product manufacturing ▲ electronic parts, computer, video, sound and communication equipment manufacturing ▲ electrical equipment manufacturing ▲ other machinery and equipment manufacturing ▲ industrial machinery and equipment repair business, etc., in connection with the nearby 'Yongin Semiconductor Cluster General Industrial Complex', where SK Hynix plans to invest 600 trillion won.
The city expects that the Jukneung General Industrial Complex will help achieve balanced growth in the region and secure the competitiveness of the semiconductor industry.

Seongnam City is collaborating with LIG D&A to create a defense industry research and development complex in Siheung-dong, Sujeong-gu. LIG D&A plans to make a public contribution of approximately 110.7 billion won and move its headquarters to Seongnam within a year after completion.
![[Featured stock] Korea Electric Power Corporation, down 9% in early trading due to 3rd quarter earnings shock](/api/img?u=https%3A%2F%2Fimg.yna.co.kr%2Fphoto%2Fcms%2F2023%2F05%2F13%2F01%2FPCM20230513000001990_P2.jpg&w=320&q=72&f=webp)
Korea Electric Power Corporation (KEPCO) fell more than 9% in the early trading on the 13th due to securities companies lowering its target stock price after announcing poor performance in the third quarter. Operating profit in the third quarter was KRW 1.6441 trillion, a 70.9% decrease compared to the same period last year, which was 37.9% lower than market expectations.

Wonju City, Gangwon-do, is recruiting professional trustees to operate the Green Startup Town within Sangji University. The consignment period is from February 1, 2027 to December 31, 2029, and the annual consignment fee is approximately 932 million won. Applications will be submitted directly to the Corporate Support Job Department at Wonju City Hall from the 23rd to the 25th.

South Korean stocks opened sharply higher Friday, with KOSPI rising 2.05 percent to 5,452.41, despite U.S. losses following Nvidia CEO Jensen Huang's ouster over reported affairs, including one with a suspected Chinese spy. CFO Colette Kress was named interim CEO.

Park Jeong-seong, head of the Trade Negotiation Headquarters of the Ministry of Trade, Industry and Energy, visited Brussels and met with high-ranking EU officials to highlight the achievements of the Korea-EU FTA over the past 15 years and respond to the protectionist trend. They requested that Korea be recognized as a 'trustworthy partner' in strategic industries such as steel, automobiles, and batteries and be treated without discrimination. The response within the EU was positive, but it was expected that time would be needed for political coordination.

South Korea held the inaugural meeting of a new task force chaired by First Vice Finance Minister Kwon Dae-young to develop policies reducing living costs and boosting real disposable income for wage earners, with four working groups covering support measures, taxation, fiscal policy, and finance.