MOU Sealed Between Yeongcheon Free Economic Zone and Foreign Investment Companies
- Taseu in Korea and 達榮金屬科技 in Taiwan agree to $10m Joint Venture-

● Daegu Gyeongbuk Free Economic Zone Authority (DGFEZ)
- A total of $10m ($1.5m from foreign investment) worth MOU has been agreed for Yeongcheon High-Level Parts and Materials Industry District, having been participated by CEO of Taseu Inc., CEO of 達榮金屬科技 in Taiwan, and relevant partners.
- This joint venture agreement aims to establish a factory for aluminum products at Yeongcheon FEZ’s 14,270㎡ site in cooperation with Taiwanese investment company 達榮金屬科技 and contribute to the generation of jobs for the youth by recruiting some 50 new workers.

● Taseu, Inc.
- Since its founding in 2004, the company has become a leader in aluminum products by developing and distributing the country’s first aluminum profile, and currently, it focuses on developing new products with transplanted materials based on incremental launching method.
- Aluminum-pressed products manufacturing in a new factory will be exported to some 20 countries including Japan, China, and Italy, and will be used for various purposes, such as industrial air-pressured cylinders (exterior wall) and automated facility profiles among others.

● DGFEZ
- “We will not spare our suppor in helping TND, Inc., who concluded this joint venture, promote its business value and grow to become a global company,” said Ms. Inseon Lee, the president of DGFEZ.
- Meanwhile, DGFEZ will offer its full administrative support to the investing company with its one-stop services from the inauguration and the completion of the factory.