DAE-IL Corp., a manufacturer of powertrain parts, will invest $50 million and create 120 full-time jobs through the location of its first U.S. facility in Murray, Gov. Matt Bevin announced today.

“We are excited to welcome DAE-IL Corp. to Kentucky,” Gov. Bevin said. “We are grateful that they chose the commonwealth for their first ever manufacturing operation in the United States. DAE-IL USA will be an excellent addition to our automotive industry and a perfect fit for the dedicated workforce in Calloway County. We look forward to the opening of the new facility and strong growth in Kentucky for years to come.”

DAE-IL Corp. will construct a 295,000-square-foot facility in the Murray West Industrial Park. The Murray location, which will operate under the name DAE-IL USA, will produce gears for the automotive industry. Construction is expected to begin this month and be completed by the end of 2018.

“DAE-IL USA is very excited for our first manufacturing operation to be in Murray,” said DAE-IL Corp. President Jung Ryol (Johnny) Kim. “Of all the locations that we considered, all of our needs were met and exceeded by this community. We believe we can be successful there and we look forward to being part of the community.”

Founded in 1976 and headquartered in Ulsan, South Korea, DAE-IL Corp. manufactures and sells powertrain parts for automotive, heavy equipment and motorcycles. Its products include gears, car transmission and engine parts, heavy equipment products – such as trans axles, drive axles and transmission and excavator products – and motorcycle transmission and engine products. The company’s primary export markets include the United States, China, Europe and Japan.