Found at: http://www.competitiveness.org/article/articleprint/216/-1/10/
South Korea to develop 6 clusters across the country
During a meeting held Thursday June, South Korean Commerce Minister Lee Hee-beom announced that his government will invest an annual 100 billion won to develop six industrial next-generation clusters across the nation.
'We will foster the six regions to become Korean versions of the Silicon Valley, which will play a significant role in propelling the nation to reach 20,000 USD per-capita gross domestic product (GDP),' said an official of the Ministry of Commerce, Industry and Energy (MOCIE).
Ot is expected that by 2008 the six complexes will create 37,000 new jobs and account for $116.1 billion in exports.
The key action points of the development plan are:
- the creation of public research and development (R&D) centers
- provision of financial or tax benefits for incoming companies
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| Korean clusters |
- Panwol-Sihwa: components
- Wonju: medical equipment
- Kwangju: optical products
- Kumi: digital and electronics outfits
- Ulsan: automotive components
- Changwon: machinery
For more information read these articles:
Korea Times: Government to Nurture 6 Innovative Clusters Nationwide
Chosun Ilbo: Six Cities to be Designated as 'Clusters'