Korean conglomerate to buy Mitsubishi plant, create 410 Memphis jobs

By Updated: December 13, 2019 2:24 PM CT | Published: December 13, 2019 9:36 AM CT

A Korean company will make an $87 million investment and establish its first presence in the U.S. in Memphis.


economic development Employment Mitsubishi Electric Power Products Hyosung Heavy Industries
Tom Bailey

Tom Bailey

Tom Bailey covers business news for The Daily Memphian. A Tupelo, Mississippi, native, he graduated from Mississippi State University. He's worked in journalism for 40 years and has lived in Midtown for 36 years.

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