SEOUL, Nov. 6 (Korea Bizwire) — The government on Monday finalized a blueprint to build a theme park and resort complex in the reclaimed land of Saemangeum on the west coast by 2026 with private sector investments worth 144.3 billion won (US$110.2 million). The decision was reached during a government meeting presided over by Prime [...]
SEOUL, Aug. 30 (Korea Bizwire) — Prime Minister Han Duck-soo instructed the government Tuesday to review the development plan for the southwestern reclaimed wetland of Saemangeum from scratch in a bid to improve its economic benefits, government sources said. The nation has been pushing to turn the 409-square-kilometer reclaimed area in North Jeolla Province into [...]
BUAN, Aug. 1 (Korea Bizwire) – The World Scout Jamboree, the largest international Scout event, kicked off in Saemangeum, a reclaimed land area on the southwestern South Korean coast, on Tuesday, bringing together over 43,000 young Scouts from 158 countries. The 25th edition of the world jamboree will continue through Aug. 12 in the Saemangeum [...]
GUNSAN, June 16 (Korea Bizwire) — The Saemangeum Development and Investment Agency said Thursday it has signed an investment agreement with local firm EDL for the construction of a lithium salt production plant in Saemangeum, a reclaimed area on the southwest coast of the country. EDL plans to invest a total of 600 billion won [...]
JEONJU, March 23 (Korea Bizwire) — The Saemangeum reclaimed land on the southwest coast is rising as a prospective site for a Hollywood-scale film set. The U.S.-South Korea joint venture OCT E&M is currently planning to construct a large-scale film set in Saemangeum, and recently met with North Jeolla Province Gov. Kim Kwan-yong for a [...]
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 [...]
SEOUL, June 29 (Korea Bizwire) — South Korea will invest 807.7 billion won (US$624 million) to build a local airport by 2028, with an aim to start its operations the following year, the transport ministry said Wednesday. The government will build a 2,500-meter runway, an airport apron that can accommodate five planes, a passenger terminal, [...]
SEOUL, Nov. 24 (Korea Bizwire) — A consortium of two SK Group affiliates will invest 2.1 trillion won (US$1.9 billion) in data centers and a startup cluster in South Korea’s southwest industrial complex by 2025, the transport ministry said Tuesday. The consortium of SK E&S Co. and SK broadband Co. will invest 2 trillion won [...]
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 [...]
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 [...]