Chungcheongnam-do

Chungnam will develop the Green-car industry intensively, including contracts with infrastructure departments like companies, universities, and research institutes for MOU. Also, Chungnam plans to invest 4,102 hundred million Won from 2010 to 2018 to create a Green-car industry complex and professionals, adequate for low carbon-Green Growth. According to their road map, the first stage would be to construct an infrastructure, develop core technology, research and develop, and then train technicians until 2010. The second stage would be to create electromobiles capable of traveling long-distances until 2015. The third stage would be to plan to make multi-purpose electromobiles commonly until 2018, and followed by the fourth stage would be to complete of a cargo for the Green car-industry complex.

Edwards Signed an Investment MOU Agreement of $45 Million with Chungnam
The world's leading vacuum pumps and gas processing devices manufacturer, Edwards made the decision to invest $45 million into Cheonan to expand its manufacturing capacity of semiconductors and display devices and streamline itself towards high-tech products.
Mr. Kim Jung-jo, head of Edwards Korea said, “This investment demonstrates that Korea holds an important place in the world's semiconductor and flat display manufacturing business. We will rely on our 25 years of technology and large pool of talent to guarantee the successful plant and technology transfer. I'll glad that we will create new jobs and bring more vitality to the region.”

Mr. Nigel Hunton, CEO of Edwards, added, “Our investment into Cheonan targets the global market including the Korean and Asian market and continues for the next four to five years around the new product assembly lines. By taking advantage of the logistics systems of Chungnam, Cheonan, and the adjacent Pyeongtake Harbor and Incheon Harbor, we plan to target China and Southeast Asia in an effective manner.”
Edwards accounts for 60% of the world's vacuum pumps market according to its 2008 supply, runs five plants in the U. K., has 3,600 employees and several research labs in 20 nations, and recorded 1.50 trillion won in sales last year.

Chungnam Signed a 30 Million-dollar Investment Agreement with OOC
Chungnam will soon embrace the oil money of Oman, one of Middle East's oil-producing nations.
Provincial Governor Lee Wan-gu signed an MOU agreement to set up an LNG power plant in Bugok, Dangjin with Mulham Al Jarf, VP of Oman Oil Company (OOC), Min Jong-gi, head of Dangjin-gun, and Jeong Jong-su, head of GS EPS at the Intercontinental Hotel Seoul on February 22, 2009.
According to the agreement, OOC will invest $30 million into the power plan, which will cost a total of 320 billion won.
Its investment into Chungnam marks a significant occasion as it is the first introduction of Oman's oil money into Korea and also into the power generation field. It's expected the investment will generate 200 billion won of value added annually. OOC and GS EPS will set up six LNG power plants in Bugok, Dangjin and make investments of 1.60 trillion won, thus making a huge contribution to the region economy.
Set up by Oman's Ministry of Commerce and Industry and Ministry of Oil and Gas, OOC specializes in making investments into energy firms at home and abroad and has searched for investment opportunities in Korea since it took a 30% stake of GS EPS (then LG Energy) in 2004.

One of the world's leading companies of lithium ion materials, Umicore held a ceremony to celebrate the completion of its Cheonan plant on May 12, 2009. The ceremony took place in the foreign investment district of Cheonan.
The plant will manufacture materials to make up hybrid vehicle batteries and portable electric motor batteries.
Based in Brussels, Umicore is one of the world's leading materials companies and has been running its plant and R&D center for battery parts since it concluded the first investment agreement in 2004 and an investment of 8.7 million dollars into the foreign industrial complex of Cheonan. In October 2008, Provincial Governor Lee Wan-gu signed an investment agreement with Umicore at
its headquarters in Belgium, an agreement that said Umicore would invest a total of 40 million dollars into the Cheonan industrial complex and build a plant to manufacture battery parts.
At the completion ceremony, Mr. Lee had a pleasant conversation with Prince Philip of Belgium and then talked about further economic exchanges between Chungnam and Belgium, the entry of Chungnam's companies into the Belgian market, and investment with Mr. Mark Greenberg, CEO of Umicore.
Mr. Lee promised to Prince Philip, “I expect your visit to Chungnam will open the door to more active exchanges between Belgium and the region and I will offer my utmost support to Umicore and its business in the region.”