Saemangeum Archives | Be Korea-savvy
Chinese Firms Own a Hefty Stake in Saemangeum Solar Power Projects: Lawmaker

Chinese Firms Own a Hefty Stake in Saemangeum Solar Power Projects: Lawmaker

SEOUL, Oct. 12 (Korea Bizwire) – Chinese firms turned out to have a hefty stake in domestic solar power companies in the Saemangeum reclaimed land on the southwest coast, a renewable energy center for South Korea, a lawmaker said Tuesday. According to the data obtained by Rep. Park Soo-young of the People Power Party from [...]

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 [...]

Gov’t Aims for $200 Million in Exports by 2022 for Domestic Seed Industry

Gov’t Aims for $200 Million in Exports by 2022 for Domestic Seed Industry

SEOUL, Jan. 3 (Korea Bizwire) – The government has set lofty goals for the South Korean seed industry in its latest five-year plan. The Ministry of Agriculture, Food and Rural Affairs (MAFRA) revealed on January 3 that it had completed an industry blueprint for 2018 through 2022. The Seed Industry Act was first passed into [...]

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 [...]