On March 31, 2008, at the office of Becamex IDC Corp., KyungBang Group and Becamex IDC Corp. entered into the agreement with respect to the land lease in Bau Bang industrial park, Ben Cat district, Binh Duong province with the area of 50 ha.

The attendees of the signing ceremony included Mr Nguyen Hoang Son – chairman of Binh Duong People’s Committee, Mr Le Thanh Nhon -  Ben Cat district party committee secretary, representatives from  management board of Binh Duong Industrial parks, planning and investment department, construction department , foreign affairs department, customs department,  BIDV Bank, VNTT JS Company, water supply company. From KyungBang
Group and partners, there were the presences of Mr Lee Joong Hong, Chairman of Kyung Bang Group, Mr Kim Joon – General Director of Kyung Bang Company, representatives from GS Group, Ko TT , Shinhan Bank, Woori Bank, Wha Il Vina , Chung Bang, Hansoll Vina, Furun Text, SY.Y Vina, TongKook, Sae A Sang Yok, Hansol Golbal, Shin Sung Vina, Panko vina, Hansae TN, Whall vina, Puhan.

Estalished in 1919, KyungBang  is a top ten Group of Korea in production of cotton thread, textile and raw materials for textile industry . At present, KyungBang has 5 production facilities in Korea. After a long time studying the investment climate in Vietnam, KyungBang has finally selected Bau Bang industrial park to locate their production facility with the total investment capital of USD 160 mil (including 4 stages). The investment of KyungBang Group in Bau Bang indutrial park is  a tremendous success of Binh Duong in general and Becamex IDC in particular in acttracting foreign investors to the North of the province. This is an important and big scale project to supply raw materials for Vietnamese textile and garment industry.