KT&G (President Baek Bok-in) signed an MOU with Sejong Special Self-Governing City (Mayor Choi Min-ho) on the 26th to establish a new printing plant in Sejong Future Industrial Complex (Jeonui-myeon, Sejong City).

The signing ceremony was held at Sejong City Hall, attended by KT&G CEO Baek Bok-in and Sejong City Mayor Choi Min-ho, and the two sides actively decided cooperate to facilitate the construction of the printing plant and revitalize the future industrial complex.

Under the agreement, KT&G will invest about 180 billion won in 48,583m2 of land to complete a printing plant by 2025, while Sejong City will actively support administrative support such as expanding access roads and public transportation infrastructure and establishing bicycle roads around the plant.

Regarding this, Sejong Mayor Choi Min-ho said, "The top goal is to attract good companies to Sejong City in order to make this city an economically self-sufficient city," adding, "We will fully support related licenses so that corporate investment can be implemented well."

The newly established printing plant will produce all the wrapping paper and paper boxes of tobacco products sold by KT&G, and will significantly increase the efficiency of the plant's operation by introducing state-of-the-art logistics automation and smart manufacturing processes. In addition, it plans to increase the utilization rate of new and renewable energy such as solar power through the construction of eco-friendly factories, upgrade the air and wastewater treatment infrastructure, and obtain eco-friendly building certification (LEED certification) after completion.

An official from KT&G said, "It is very meaningful to sign an MOU with Sejong Special Self-Governing City for the 'Print Factory Construction Project,'" adding, "We will contribute to the realization of green cities through the establishment of eco-friendly printing plants and carry out social contribution activities such as support for the local underprivileged."

(Photo description) KT&G and Sejong Special Self-Governing City signed an MOU on the 26th to establish a printing plant in Sejong Future Industrial Complex. The photo shows KT&G CEO Baek Bok-in (right) and Sejong Special Self-Governing City Mayor Choi Min-ho (left) taking a commemorative photo after signing the MOU.