MADRID, 17 Nov. (EUROPA PRESS) -

The Minister of Industry, Commerce and Tourism, Reyes Maroto, met this Thursday in South Korea with Jeomsik Yang, CEO of the company Iljin Materials, which will invest 600 million euros to build a battery component factory in Mont-roig del Camp (Tarragona), and stressed that this project demonstrates the business "attractiveness" of Spain.

The project of the South Korean company is included in the industrial proposal 'Future: Fast Forward', in which, in addition to the Volkswagen group and Seat, around 60 companies participate and which, in total, will receive 397.37 million euros from the Strategic Project for the Recovery and Economic Transformation of the Electric and Connected Vehicle (Perte VEC).

In this sense, Iljin Materials will receive 18.2 million euros of public investment within the framework of the allocation of funds from Perte VEC to the project led by Seat and Volkswagen.

The new plant for key components for the manufacture of vehicle batteries, the South Korean company's first in Europe, is expected to create around 500 jobs.

"This project demonstrates the attractiveness of Spain as an investment destination and having companies like Iljin Materials reinforce our business ecosystem to move towards a new sustainable and connected mobility", highlighted Maroto.

"The Pertes that we are promoting in areas such as the connected electric vehicle, renewable energy, green hydrogen or strategic sectors such as semiconductors and electronics are attracting the interest of foreign companies and we hope that this new visit to Korea will strengthen our commercial relations and investment", he added.