CLARKSVILLE, Tenn. — A South Korean metals company is bringing its first U.S. facilities to Tennessee, investing more than $6.6 billion in 2 sites, representing the state’s largest single private corporate investment ever.
Korea Zinc says the project will create 420 jobs in Montgomery County and 320 jobs in Smith County over the next five years.
- The Clarksville site will serve as the company’s U.S. headquarters and include manufacturing operations.
- In Gordonsville, Korea Zinc plans to reopen a former mine, restoring jobs and industry to the area.
“On behalf of Montgomery County, I’m proud to welcome Korea Zinc and the 420 new high-quality jobs it will bring,” Mayor Wes Golden said. “This $6 billion investment – the largest private investment in state history – is a major economic milestone with important national-security implications, and we appreciate the company’s commitment to the Middle Tennessee region and our community.”
Korea Zinc says it plans additional investments across the state and emphasizes community engagement, education, and environmental sustainability.
The company also supplies minerals critical to U.S. military and advanced technology, helping reduce reliance on China for strategic materials.
The investment comes after agreements with the White House and the U.S. Departments of Commerce and War.
Tennessee U.S. Senator Bill Hagerty said on his X page
Korea Zinc’s decision to build a world-class critical minerals refinery in our state is not just an economic victory – it is a geostrategic one that directly supports President Trump’s efforts to restore American economic security in partnership with trusted allies, like South Korea. This project will expand the United States’ capacity to produce the minerals that power our advanced industries and defense capabilities, strengthening national security while delivering high-paying jobs for hundreds of Tennessee families.Comment with Bubbles
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Since 2019, South Korea has become Tennessee’s top foreign investor, contributing $7.2 billion to the state.
