Discover your new business opportunities in Gangwon-do Province, Korea!
Gangwon-do, the second largest among nine provinces of South Korea, is one of the most attractive areas of Korea with a large economic growth potential, boasting blessed natural landscapes and various investment merits. As one of the most visited tourist attractions in Korea, Gangwon-do also has plentiful leisure facilities; there are 37 hotels, 52 condominiums, 11 ski resorts, 46 golf courses, six hot springs and 100 swimming beaches.
It is located in the mid-eastern part of the Korean Peninsula, close to Seoul, just within 1~2 hour access by road or rail, covering an area of 16,874km2, with 50 cities and 1.5 million population.
Gangwon-do has also been growing as a logistics center through expansion of transportation network access to all of the major cities across the country: the opening of Seoul-Chuncheon expressway (2009), completion of four lanes on the Yeongdong and Donghae expressways, the opening of the Yangyang international airport and the expansion and repaving of main national roads and multiple double-track railway links.
In addition, Gangwon-do is home to 14 major industrial complexes and high-tech, integrated industrial infrastructure ranging from communication network and electricity to industrial-use water & waste water as well as highly educated human resources to accommodate various business fields.
Merits of Investment in Gangwon-do Province
Abundant Highly Educated Human Resources and Specialists
Around 40,000 graduates are educated annually by 140 education institutions, including 21 universities and 31 research institutes established by universities in Gangwon-do province.
Communication network:
– Connection to the communication network within seven days for the industrial complex within a distance of 2 km from the optical fiber cable box
-The broadband line is installed along the national expressway route
Electricity:
-Abundant transformer substations in all vicinities guarantee reliable, cost-effective electricity supply
-Convenience assured since the electricity supply line is installed in parallel with the transformer substations
Industrial-use water & waste water:
-Industrial-use water is supplied directly by dam or reservoir in the vicinity
-Waste water will be treated in the sewage treatment system inside the industrial complex
In addition to these merits, strong support from the central government such as extension of SOC and specific innovation tax favors for Gagnwon-do are earmarked for regional industrial development policies. Despite the geographical, natural and infrastructure advantages, Gangwon-do has relatively low real estate costs. To take advantage of these benefits, for the convenience of locals and newcomers, the provincial government provides clear, precise and rapid A-Z administrative services from procedures related to acquiring permission approval for development to the establishment of factories.
More in investment merit, please visit our website of commercial affairs bureau, Gangwon-do Province : http://www.provin.gangwon.kr/gw/eng
