Mega Cos to Invest 10 Billion Won in Osan Gajang 2 Industrial Complex, Plans to Hire 200 New Employees

Mayor Cho Yongho Meets with CEO Jeong Hwanwook
"Administrative Support for Swift Entry"

COSMETICS MANUFACTURER MEGA COS CO., LTD. PLANS TO INVEST UP TO 10 BILLION WON AND HIRE MORE THAN 200 NEW EMPLOYEES IN THE GAGANG 2 INDUSTRIAL COMPLEX IN OSAN, GYEONGGI PROVINCE.

Panoramic view of Osan City Hall. Provided by Osan City

The city of Osan, Gyeonggi Province, announced on September 11 that Mayor Cho Yongho met with Jeong Hwanwook, CEO of Mega Cos, and others in his office on September 10 to discuss the company’s investment plan, new hiring, and cooperation measures to facilitate the company’s entry into the industrial complex.

Mega Cos plans to move into 56-20 Gajang Industrialseo-ro in Osan. The investment amount is expected to range from approximately 8 billion to 10 billion won, and discussions are ongoing with the city regarding plans to hire over 200 new employees.

A representative from Mega Cos presented the investment and employment plan and requested support so that administrative procedures, such as permits and approvals needed for entry into the industrial complex, can proceed smoothly.

CEO Jeong Hwanwook stated, “The Gajang Industrial Complex is an excellent location due to its easy access to a pool of cosmetics industry professionals and the concentration of related industries. Based on support from Osan City, we will cooperate in creating new jobs, including employment for people with disabilities.”

The Osan city government will review eligibility requirements for entry into the industrial complex and necessary permit procedures, and plans to provide administrative support as quickly as possible within the available scope.

Mayor Cho Yongho said, “We welcome Mega Cos’s move into the Gajang 2 Industrial Complex,” and pledged, “We will actively cooperate to ensure there are no setbacks in the entry process.”

He further added, “We will maintain ongoing communication to help the company establish stable roots in Osan, stimulate the local economy through additional investment and new hiring, and ensure continued collaboration.”

This content was produced with the assistance of AI translation services.