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Heart
of Korean Economy |
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 Korea
was a typical underdeveloped, largely agrarian country
up until the urn of the 1960s. However, thanks to the
success of export-oriented industrialization within a
short period of three and a half decades, it was transformed
into a modern industrialized country. Helped by the rapid
growth, which averaged over 8 percent per annum for more
than thirty years, its GDP volume soared from only 2.1
billion U.S. dollars in 1961 to 484.4 billion U.S. dollars
by 1996, while its per capita GNP also leapt from 82 dollars
to 10,543 dollars over the same period.
Based on this remarkable development, Korea emerged on
theworld stage as one of the front-runners among the newly
industrializing economies so that it was able to become
a member of the OECD in 1996. This outstanding economic
achievement was truly remarkable considering the poor
endowment of natural resources and the limited domestic
market.
For these reasons, the economic development strategy of
Korea was widely held up as a suitable model for other
countries on the road to development. |
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Massive
Market |
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Gyeonggi has a large domestic
market with the population of 24 million in the metropolitan
Seoul area. It is also most densely populated with various
manufacturers and diverse consumers, providing the abundant
market information.
Size of foreign trade in the Gyeonggi region in 1997 :
US＄49.7 billion Furthermore Gyeonggi Province at Northeast
Asia's center. Markets of enormous size, such as China,
Russia, and Japan with 1.3 billion, 400 million, and 120
million people, respectively, are nearby to give Gyeonggi
the biggest market potential. |
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Well
Developed Infrastructure |
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| Gyeonggi has well-developed
infrastructure such a powerful telecommunication facilities.
One can easily approach them from the land, sea and air.
With the completion of Metropolitan Road Networks, Metropolitan
Circular Railway. With system, Pyungtaek Port, which will
be the biggest port in Korea, and Inchon Airport, business
will experience a dramatic reduction in distribution costs,
Your investment will speed up the realization of such
benefits. |
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Establishment of a grid-type
metropolitan road network suitable for the
unified Korea in the future. |
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Establishment of a high-speed
circular railway system that will connect
residential areas with areas of central business
district. |
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Plans to upgrade the radial routes connected
to Seoul with the express route.
Easy Access to the Airport and Seaports |
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Cargo-handling capacity of 11
million tons by the year 1997, and 62 million
tons by the year 2011 |
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Easy access to the existing Kimpo International
Airport and the new Inchon International Airport. |
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Abandent
Skilled Labor |
In Gyeonggi Province one can easily find persons
with the qualifications that an entrepreneur looks
for. The business environment of the future will
depend heavily on the procurement and transmission
of information. Gyeonggi promises a competent labor
force capable of handling the most sophisticated
information systems.
In Gyeonggi Province one can easily find persons
with the qualifications that an entrepreneur looks
for. The business environment of the future will
depend heavily on the procurement and transmission
of information. Gyeonggi promises a competent labor
force capable of handling the most sophisticated
information systems. |
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