SEOUL, Mar. 3 (Korea Bizwire) — The CEO of the massive Chinese investment firm Golden Group visited the city of Gyeongju on March 1 in order to weigh investment opportunities, said the city government on March 2.
Golden Group’s delegation was welcomed by the city’s mayor Choi Yang-Sik, who suggested development opportunities such as a tourist complex planned to be established at Geomajang Beach in Gampo-eup in the east of the city, and a Chinatown in Cheongun-dong.
Mayor Choi also gave a presentation about a grand plan to establish an international business route linking regions that are marked as great ancient cities of the eighth century, including Turkey’s Constantinople, Bagdad, the Tang Dynasty’s Chang’an in today’s Xian region and the Shilla Dynasty’s Seorabeol in today’s Gyeongju.
Golden Group, based in the city of Tianjin, is a large investment, development and mining corporation which operates twelve subsidiaries. The company is worth more than 100 trillion won (US$ 90.6 billion), and is known to have been investing significantly in overseas mine development projects.
By Lina Jang (email@example.com)