SEOUL, Apr. 25 (Korea Bizwire) — The government will push ahead with an industry-academic cooperation project to attract companies and research institutes to the sites inside university campuses and build residential and welfare facilities to create high-tech industrial complexes. The Ministry of Education announced on Wednesday that it will sign a business agreement with the [...]
SEOUL, Apr. 19 (Korea Bizwire) — The South Korean government plans to introduce ‘Negative Zones’ that lift restrictions on the types of businesses that can operate in an industrial complex. The new initiative, for instance, will allow industrial complexes that used to accept only one kind of business, such as manufacturing companies, to open up [...]
JEJU, Oct. 26 (Korea Bizwire) — A smart MICE industrial complex will be built in Jeju Island’s Seogwipo Innovation City. The Ministry of Land, Infrastructure and Transport (MOLIT) announced on Thursday that Jeju Island’s “reputation as an international tourist attraction thanks to convenient traffic, accommodations, and abundant tourist resources make it a perfect spot for [...]
SEJONG, Sept. 14 (Korea Bizwire) — South Korea’s major chemical companies will join forces to invest 10 trillion won (US$8.84 billion) in upgrading an industrial complex on the west coast, the government said Thursday. Lotte Chemical Corp., S-Oil Corp. and Hanwha Total Petrochemical Co. signed a memorandum of understanding with the provincial government for the [...]
ULSAN, South Korea, Jan. 11 (Korea Bizwire) – The Onsan National Industrial Complex in Ulsan, a key city for shipbuilding and petrochemical industries, is suffering its worst financial crisis since its establishment in 1974. According to local sources, some 30 factory sites have been put up for sale since last year, and it is the [...]
SEOUL, Jan. 19 (Korea Bizwire) — The overall earnings of ten South Korean companies that are operating in a jointly-run inter-Korean industrial complex have increased by an average of over 10 percent per year since 2005, data showed Monday, indicating that they have been doing relatively well despite political tensions that have emerged over the [...]