Saemangeum Archives | Be Korea-savvy
New Hub for Electric and Self-driving Cars Coming to Saemangeum Area

New Hub for Electric and Self-driving Cars Coming to Saemangeum Area

SEOUL, Apr. 18 (Korea Bizwire) – The Korea SMEs and Startups Agency announced on Tuesday that it has signed a memorandum of understanding with five representative agencies in Saemangeum, including the Korea Agency for Saemangeum Development and Investment (KASDI), to develop the Saemangeum area as a new hub of electric, self-driving automobiles. The agreement also [...]

New Saemangeum Casino Sparks Controversy, Opposition

New Saemangeum Casino Sparks Controversy, Opposition

YEONGWOL, South Korea, Sept. 2 (Korea Bizwire) – With the Korean government’s strict regulations on gambling, the Kangwon Land Casino is currently the only gambling establishment open to locals, but this may change with new progress in the Saemangeum development project.  The project took off in 1991 as a 30-year plan to develop the region [...]

Visa Issuance to be Simplified for Foreign Investors in Saemangeum

Visa Issuance to be Simplified for Foreign Investors in Saemangeum

SEOUL, Jul. 15 (Korea Bizwire) — The visa issuance process will be simplified for foreign investors in reclaimed land in South Korea’s southwestern region, the Ministry of Justice and the Korea Agency for Saemangeum Development and Investment (KASDI) said Wednesday. With the modification, staff members and families of overseas firms that have invested more than [...]

CNPV to Invest in and Develop Solar Cell & Module Plants in Korea

CNPV to Invest in and Develop Solar Cell & Module Plants in Korea

SEOUL, Jun. 11 (Korea Bizwire) — Chinese solar power company CNPV signed an agreement to develop 300 billion won (US$ 270 million) plant facilities for solar cell and module production in Saemangeum, on June 10 at an investment briefing in Yeouido. CNPV’s ‘Greenfield’ investment is the largest investment in Korea from a Chinese company. According [...]

Korea to Offer More Incentives to Foreign Investors at Saemangeum Complex

Korea to Offer More Incentives to Foreign Investors at Saemangeum Complex

SEOUL, April 8 (Korea Bizwire) – To facilitate foreign investment in its Saemangeum project, the Korean government plans to ease related regulations concerning employment and usage of the land. On April 7, the Ministry of Land, Infrastructure and Transport and the Saemangeum Development Agency announced that a revised bill containing these changes had been approved. The [...]

Toray Industries Invests in Saemangeum by Constructing PPS Plant

Toray Industries Invests in Saemangeum by Constructing PPS Plant

SEOUL, July 10 (Korea Bizwire) – Toray Advanced Materials celebrated its ground-breaking ceremony of polyphenylene sulfide (PPS) resin production plant in Saemangeum in the southwest of Korea. By inducing investment from the Japanese materials company, the Saemangeum project could have a momentum to get more foreign investments. Scheduled to be finished in August 2015, the plant will [...]