SEOUL, April 28 (Korea Bizwire) — A Korea-China Cultural Town planned for Gangwon Province is being placed under review following massive criticism. Officials from Gangwon Province recently announced the view of Kolon Global Corp., leading the Chinatown project, that the construction of the Korea-China Cultural Town “may not proceed”. Kolon said the project has nothing [...]
SEOUL, April 14 (Korea Bizwire) — A construction project for a Korea-China Cultural Town is being embroiled in anti-Chinese sentiment opposing China’s cultural infringement upon South Korea. A petition was posted at an online petition site run by the presidential office last month calling upon the government to stop the Chinatown construction in Gangwon Province. [...]
PYEONGTAEK, South Korea, Oct. 14 (Korea Bizwire) – A massive Chinatown to be established in Pyeongtaek’s Yellow Sea Free Economic Zone (YSFEZ) is finally picking up steam. According to China Castle, the project’s special purpose company (SPC), 50 billion won ($44 million) in capital has been secured, which should allow the venture to take off [...]
PYEONGTAEK, May 4 (Korea Bizwire) – A new Chinatown will be established in the Yellow Sea Free Economic Zone (YSFEZ), located in Pyeongtaek. Except this time, it’s going to be a lot bigger. The 2,320,000m2 area will turn into a full-scale shopping and tourism mecca. A special purpose company (SPC) named China Castle was established [...]