Gyeonggi Province played a critical role in Korea's recovery from the foreign exchange
crisis of 1997,recording a 23%real growth rate that was double the average for
the nation.With this kind of potential,it is now focusing its energy on
strengthening high-tech knowledge-based competitive power in
order to help Korea take another forward leap.

 

Establishment of Knowledge Infrastructur

The staff working at the research institutes of colleges,universities,and enterprises in Gyeonggi Province are privileged with a network that connects them and facilitates the effective exchange of information and manpower. The small and medium-sized companies located in Gyeonggi Province receive considerable support from local government.

Gyeonggi Province has already expanded its Internet network and is providing one-stop service covering management,technology,laws,taxation,and accounting
in order to support business and research efforts.

In addition,Gyeonggi Province has set up a high-tech compound in an easily accessible area.This area has great potential and is well on the road to becoming
an economic center.


Promoting Semiconductors,Bioengineering,
& Information Technology

Gyeonggi Province has created a five-year plan for developing science and technology concentrating its investments and support on such high-tech sectors as semiconductors,bioengineering and information technology.
 

 

 


Promoting Venture Firms and Vitalizing Start-ups

Thanks to generous government incentives 1,501 venture firms,21% of the national total,have been able to start up in the province.
(The present 2000)