KRS acting as Hungarian legal counsel of SHINHEUNG SEC EU LTD. supported the company in the conclusion of the new credit facility agreement and the drawdown of the loan as well. SHINHEUNG SEC EU LTD. as the subsidiary of South-Korean Shinheung Sec Co. Ltd. is building its newest, altogether its sixth and at the same time its first European plant at Monor, in which it plans the production of accessories of batteries of electric vehicles. The total value of the investment at Monor is EUR 20 Million, the production is to begin next spring according to plans and the investment is expected to result in the creation of nearly 180 new jobs.