Ulju-gun grants KRW 1.18 billion assistance to job creation companies. 

26 new employees by TERRABIO

18 new employees by NH CHEMICALS  

On December 26,2022 Lee Soon-geol (center), the governor of Ulji-gun, is granting the corporate investment attraction assistance to Kim Jeoung-kyu (2^nd from the left, CEO of NH CHEMICALS) and Noh Jun-heok (President of TERRABIO) (by Ulju-gun). 

On December 26, Ulju-gun announced that it granted KRW 1.18 billion corporate investment attraction assistance to NH CHEMICALS and TERRABIO that created jobs through new investments.

This year alone, NH CHEMICALS spent KRW 39.8 billion and built a base oil (PAG) production plant (capacity of 60,000t/year) in Onsan National Industrial Complex. In September, the company moved its head office to this new factory and recruited 18 employees.

The PAG produced here would be a key ingredient of industrial lube such as flame-retardant hydraulic oil and metal-processing oil.

This year, NH CHEMICALS was awarded ‘US 30 Million Dollar Export Tower’ on Trade Day.

TERRABIO is a provider of large food-waste disposal solutions used in apartment complexes and school cafeterias. It is capable of primarily handling 99kg food wastes up to 98% within 24 hours.

The local enterprise spent a total of KRW 3.6 billion from September last year to July this year and moved its head office to Bancheon Industrial Complex and recruited 26 new employees.

By Reporter Ha In-sik (hais@hankyung.com)

Source: Hankyung.COM (https://www.hankyung.com/society/article/2022122619401)