Korea will invest US$500 million in Nuevo Leon

Category: News
Published: 2016-12-21

A dozen Korean companies have decided to invest over US$500 million in Nuevo Leon by 2017, informed Fernando Turner Davila, Ministry of Economy and Labor in the state. These companies from South Korea “are representing an investment of around US$500 million and will generate roughly 2,000 possible jobs”, declared to Forbes Mexico.

Jaime Rodriguez Calderon, Governor of the State, comments that a delegation visited South Korea, where productive and polite meetings were held with executives from KIA Motors, formalizing an agreement to grant KIA a series of fiscal incentives to continue investing. Infrastructure will not be exclusive for KIA, as it will benefit society in general. On the other hand, KIA made a commitment to exercise US$2.5 billion in investment over the next nine years.

Source: Forbes