Friday, February 15, 2008

[ News, Economy / Industry, December 30 2008] Gyeongsangbuk-do Revving up growth engine for high-tech firms

Gyeongsangbuk-do is drawing international attention as a region with development potential, as high-tech global companies and energy developers are arriving here seeking sustainable business growth.

Located near major metropolitan cities Daegu and Ulsan and the resource-rich East Sea, the province received the 2007 Presidential Award on Foreign Company Day, Nov. 1. The award recognized the province’s effort in improving its infrastructure and attracting foreign investors to the region.

Gyeongsangbuk-do has seen a total of $2.9 billion of year-on-year investment in the region as of July. Its foreign investment -- $1.14 billion -- accounted for almost 40 percent of all investment locally, according to the province’s data.

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