SEOUL, Aug. 18 (Korea Bizwire) – The news that South Korea had won its bid to host the 2023 World Scout Jamboree over Poland came as a surprise to many who felt the Asian nation had the cards stacked against it. The dream of hosting the global event began when the current governor of North [...]
SEOUL, Aug. 17 (Korea Bizwire) — South Korea won the bid to host the 25th World Scout Jamboree in 2023 in a vote at the World Scout Conference in Baku, Azerbaijan on Wednesday (local time). South Korea’s Saemangeum in North Jeolla Province beat Poland’s Gdansk in a ballot held among 168 members of the World [...]
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 [...]
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 [...]
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 [...]
GUNSAN, May 21 (Korea Bizwire) — A unique in-line skating marathon unfolding on an embankment in Saemangeum is to be held on June 7, according to the Jeonbuk In-Line Skating Association. The marathon will cover roads between Bieung Port and Sinsido & Garyeokdo. In-line skaters will be able to enjoy riding right next to the [...]
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 [...]
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 [...]
SEOUL, July 5 (Korea Bizwire) – China’s renewed interest in investment opportunities in South Korea is driving surging investment growth in the east Asian neighboring country. The world’s second-largest economy especially has keen interest in Korea’s major projects largely located in western areas which include Saemangeum reclamation project, Incheon Free Economic Zone and Gyeonggi Province, much closer [...]
SEOUL, July 4 (Korea Bizwire) – For the ongoing land reclamation project in Saemangeum area in the southwest, the Korean government decided to enlist foreign companies to have the right to develop the reclaimed land and allow the developers to resell less than 50 percent of the land. Currently, the development project for the reclaimed land [...]