Editor’s Note
**Editor’s Note:** Hoengseong County and Gangwon Province have signed an investment agreement with Genetox to expand its local factory, marking a step forward for regional economic development.
Investment Agreement Signed
On the 28th, Hoengseong County and Gangwon Special Self-Governing Province signed an investment agreement with Genetox for the expansion of its factory in Hoengseong. The agreement was formalized at the Hoengseong County Office.
Expected Job Creation
Hoengseong County expects this investment to create a total of 106 jobs, including 20 new hires.
Company Background
Founded in 2018, Genetox is a bio-enterprise specializing in the production of botulinum toxin formulations. The company relocated its factory to Hoengseong in 2021.