Korea Zinc Selects Tennessee Sites for First U.S. Operations
A significant investment from a South Korean company marks a milestone for Tennessee. Korea Zinc is establishing its first operations in the U.S. with an investment exceeding $6.6 billion. This investment will occur across two sites, making it the largest single private corporate investment in the state’s history.
Korea Zinc’s U.S. Operations in Tennessee
Korea Zinc plans to create 420 jobs in Montgomery County and 320 jobs in Smith County over the next five years. The Clarksville location will act as the company’s U.S. headquarters, incorporating essential manufacturing operations. Meanwhile, in Gordonsville, Korea Zinc intends to reopen a former mine, revitalizing local industry and opportunties.
Economic Impact and Community Engagement
The Mayor of Montgomery County, Wes Golden, expressed pride in welcoming Korea Zinc. He highlighted the importance of the $6 billion investment, emphasizing its role in economic development and national security. The company’s commitment extends beyond job creation; it focuses on community engagement, education, and environmental sustainability.
- Job Creation: 740 total jobs (420 in Montgomery County, 320 in Smith County)
- Investment Amount: Over $6.6 billion
- Location: Clarksville (headquarters), Gordonsville (mine reopening)
Strategic Importance
Korea Zinc’s investment follows recent agreements with the White House and the U.S. Departments of Commerce and Defense. Tennessee U.S. Senator Bill Hagerty emphasized the strategic dimensions of this development. He described the project as an economic and geostrategic triumph that enhances American economic security.
This initiative will bolster the U.S. capacity to produce critical minerals, which are vital for advanced technologies and national defense. It also aims to diminish dependence on foreign sources, particularly from China.
South Korea’s Economic Influence in Tennessee
Since 2019, South Korea has emerged as Tennessee’s largest foreign investor, contributing $7.2 billion to the state’s economy. The establishment of Korea Zinc’s facilities is a continuation of this trend, promising further growth and opportunity for the region.
