Ajin Industrial Completes 250 Billion Won Automotive Parts Plant in Gyeongsan...Domestic Reshoring Investment Project
The Daegu-Gyeongbuk Free Economic Zone Authority (hereinafter DGFEZ, Acting Commissioner Kang Sanggi) and Ajin Industrial Co., Ltd. (CEO Seo Jungho) held a completion ceremony on June 10 for their domestic reshorinig investment project at Ajin Industrial's new factory in the Gyeongsan Knowledge Industrial District.
The ceremony was attended by Kang Sanggi, Acting Commissioner of DGFEZ; Seo Jungho, CEO of Ajin Industrial; Yang Geumhee, Vice Governor for Economic Affairs of North Gyeongsang Province; Cho Hyunil, Mayor of Gyeongsan; as well as key figures from local politics, government, education, religion, and company representatives, all of whom celebrated the significant achievement of this domestic reshorinig investment.
Ajin Industrial Co., Ltd. is a company specializing in automotive body parts and is a key partner for domestic automakers, including Hyundai Motor Company. The company had previously operated overseas production bases in China and other countries but decided in 2024 to make a domestic reshorinig investment in order to proactively respond to global supply chain restructuring and strengthen its manufacturing competitiveness.
The newly completed factory was built with a total investment of 250 billion won, covering a 96,000-square-meter (29,000-pyeong) site. It houses production facilities for automotive body press parts and body assembly components. The plant is scheduled to produce parts for models such as the Genesis GV70 Electrified, GV80, and G80 Hybrid. It is expected to create 120 new jobs in the region.
This investment is regarded as a representative success story of domestic reshorinig, combining the Ministry of Trade, Industry and Energy’s policies to support reshorinig companies with proactive investment attraction and administrative support from North Gyeongsang Province, Gyeongsan City, and DGFEZ.
Meanwhile, the 3rd Sili·AX Technology Exhibition was held concurrently with the completion ceremony, drawing significant attention. The event served as a meaningful opportunity to widely share Ajin Industrial’s unique advanced technologies and its future vision for smart manufacturing innovation with the regional industrial community.
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Kang Sanggi, Acting Commissioner of DGFEZ, stated, "Ajin Industrial’s reshorinig investment is highly significant in further enhancing the competitiveness of the region’s manufacturing sector," adding, "We will continue to create an optimal environment for business and attract additional reshorinig and future industry companies."
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