INVESTMENTGUIDE

EUCCK Membership Directory 2011

Central Government

Local Government

Free Economic Zone (FEZ)

040

106

198

PRESIDENTIAL COMMITTEE ON

GREEN GROWTH

PRIME MINISTER’S OFFICE

( EXECUTIVE OFFICE OF SAEMANGEUM

DEVELOPMENT PLANING )

MINISTRY OF KNOWLEDGE

ECONOMY ( MKE )

MINISTRY OF EDUCATION, SCIENCE

AND TECHNOLOGY ( MEST )

ASEM-DUO

NATIONAL RESEARCH

FOUNDATION OF KOREA ( NRF )

MINISTRY OF LAND, TRANSPORT

AND MARITIME AFFAIRS ( MLTM )

THE 4 MAJOR RIVERS RESTORATION

PROJECT

MINISTRY OF EMPLOYMENT AND

LABOR ( MOEL )

MINISTRY FOR FOOD,

AGRICULTURE, FORESTRY AND

FISHERIES ( MIFAFF )

MINISTRY OF CULTURE, SPORTS

AND TOURISM ( MCST )

KOREA CREATIVE CONTENT

AGENCY ( KOCCA )

MINISTRY OF JUSTICE ( MOJ )

MINISTRY OF UNIFICATION ( MOU )

068

074

080

086

088

092098

040

046

052

060

061064

066

CENTRALGOVERNMENT

INVESTMENT GUIDE

CENTRAL GOVERNMENT

Growth was adopted along with the Five-Year Plan for Green Growth. The National Strategy andthe Five-Year Plan are mid- to long-term (2009~2050) national agendas which are to beimplemented through the collaborative efforts between various governmental organizations,industries and civil society. The National Strategy is divided into ten specific policy directions:

(1) effective mitigation of greenhouse gas emissions;

(2) reduction of the use of fossil fuels and the enhancement of energy independence;

(3) strengthening the capacity to adapt to climate change;

(4) development of green technologies;

(5) the “greening” of existing industries and promotion of green industries;

(6) advancement of industrial structure;

(7) engineering a structural basis for the green economy;

(8) greening the land, water and building the green transportation infrastructure;

(9) bringing green revolution into our daily lives; and

(10) becoming a role-model for the international community as a green growth leader.

In order to put into action the agendas set out in the National Strategy in a more systemic andconsistent manner, the Korean government revived the practice of the five-year plans, which hadbeen very effective during the early development era of the Korean economy. The first Five-YearPlan for Green Growth, covering 2009 through 2013, is a manifest of the political commitments aswell as a blueprint for government actions, containing specific budget earmarks and detailed tasksassigned to line ministries and local governing entities. Under the plan, the government will spendabout 2 per cent of the annual GDP on green growth programs and projects that comprise theconstruction of various green infrastructures as well as spending plans for research anddevelopment of green technologies. The investments on the infrastructure will be initially muchbigger than on R&D due to the ‘New Deal’element, designed to counter the current economic downturn. However, as the economyrecovers, the R&D portion will be increased.

At the 60th anniversary of the founding of the Republic of Korea on August 15, 2008, PresidentLee Myung-bak proclaimed “Low Carbon, Green Growth” as Korea’s new national vision. Thisvision aims to shift the current development paradigm of quantity-oriented, fossil-fuel dependentgrowth to quality-oriented growth with more emphasis on the use of new and renewable energyresources. Using less energy and ensuring environmental sustainability, “Low Carbon, GreenGrowth” aims to simultaneously pursue three objectives by creating a synergistic relationshipbetween economic growth and environmental protection: (1) to promote eco-friendly new growthengines for the national economy, (2) to enhance the quality of life for the members of the society,and (3) to contribute to the international efforts to fight climate change.

In order to facilitate the realization of the new vision, the Presidential Commission on Green Growthwas established in February 2009. The Framework Law on Green Growth was enforced on April14, 2010. The legislation provides the legal and institutional basis for aligning all national and localrules and regulations under the overarching vision of green growth.

To implement the national vision of green growth more effectively, the National Strategy for Green

Introduction

Green Korea

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

PR

ES

IDE

NT

IAL

CO

MM

ITT

EE

ON

GR

EE

N G

RO

WT

H

041

Presidential Committee onGreen Growth

The National Strategy for Green Growth, with a mid- to long-term (2009~2050) perspective,encompasses policy guidelines as well as specific action plans for various entities. It is anintegrated grand plan which was carved out through a collaborative process involving numerousgovernmental organizations, industry, the academia and civil society. The motivation behinddeveloping the National Strategy for Green Growth has been the necessity of building acomprehensive long-term master plan to address the myriad of challenges exacerbated by bothclimate change and resource depletion.

National Strategy for Green Growth

Imperatives for a National Strategy

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

PR

ES

IDE

NT

IAL

CO

MM

ITT

EE

ON

GR

EE

N G

RO

WT

H

043

Natural disasters, destruction of ecosystems, environmental degradation and pollution pose major threats to

humanity. Even with the government’s strong commitment, the fight against climate change still remains a

formidable challenge. In 2007, Korea’s CO2 emissions from fuel combustion reached 489Mt(1.7% of the

world°Øs total) which is the 9th highest level in the world. To tackle these environmental challenges while

simultaneously continuing economic growth, Korea is willing to make changes and transform the nation’s

economic and industrial structure in accordance with the low carbon green growth paradigm.

CLIMATE CHANGE

If demands for conventional energy sources continue to rise, another global energy crisis may soon be

triggered. To curtail the reliance on fossil fuels, Korea will make efforts to acquire new sources of energy,

improve energy efficiency and promote the adoption of an energy-saving lifestyle by its citizens. Korea will

strive to curb the use of fossil fuels by making massive investments in the new and renewable energy sector.

By doing so, it will seek to circumvent the fluctuations in the global oil market.

ENERGY CRISIS AND DEPLETION OF NATUAL RESOURCES

“Green Growth” will be the centerpiece of Korea’s vision for the next 60 years and will lead to new

opportunities for economic growth. As demands for energy-efficient products, eco-friendly businesses and

green markets increase in the coming years, a “Green Conversion” will be completed to enable Korea to

achieve both economic growth and environmental protection.

SHIFT TO A NEW PARADIGM

The National Strategy for Green Growth envisages three main objectives which are expected to be fulfilled in

the process of taking actions in accordance with ten policy directions. The three objectives and ten policy

directions are based on the consensus among the civil society, businesses, academia and government.

The first objective is to effectively deal with climate change and attain energy independence. Moving beyond

fossil fuels will help Korea to achieve energy independence and effectively mitigate greenhouse gas

emissions. This objective calls for actions such as setting mid- to long-term mitigation goals, increasing the

use of new and renewable energy sources, as well as efficient management

of demand for energy. Measures will be taken to strengthen the nation’s adaptation capacities to counter the

adverse impacts of climate change. These include improving the climate monitoring and forecasting abilities

and securing a stable supply of water resources, among others.

The second objective is to create new engines of growth on multiple fronts. This includes the development of

green technology, greening of industries, transition to a more advanced industrial structure, and laying the

groundwork for a green economy. Emphasis will be placed on increasing strategic investments in the R&D of

the green sector, development of green small and medium enterprises, cutting-edge convergence industry

and high value-added service industry, the creation of a national carbon emissions trading market, laying the

structure for green finance, and tax incentives for eco-friendly activities.

The third objective is to raise the overall quality of life for the people and to enhance the contributions to the

international community through strong advocacy for green growth. Efforts will be directed toward greening

the land and water and building a green transportation infrastructure. As a result, green vehicles will be more

widely utilized and bicycles will become the main means of city transportation. Campaigns will be conducted

Ten Policy Directions to achieve Three Objectives

To provide a stronger momentum, a presidentialcommittee was established on 16 February 2009.The Committee is co-chaired by the Prime Ministerand an eminent scholar, Dr. Soogil Youngrepresenting the private sector, and consists of 50members including relevant government ministersand representatives from private stakeholders.

The Committee is supported by a secretariat of 60 staff comprised of seconded officials from over14 government agencies and public/private institutions. The Committee has the mandate todiscuss all subjects relevant to pursuing green growth as well as coordinating government workson this area.

As of December 2010, the Committee has met ten times and meetings were attended by thePresident. Important agenda Items were discussed and adopted including the ‘National Strategyfor Green Growth,’ and the ‘national midterm greenhouse gas reduction target’.

Presidential Committee on Green Growth

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

PR

ES

IDE

NT

IAL

CO

MM

ITT

EE

ON

GR

EE

N G

RO

WT

H

045

The envisaged fiscal spending as contained in the Five-YearPlan for Green Growth is 107 trillion KRW (86 billion USD)for 2009-2013. Under the plan, three objectives and tenpolicy directions will be implemented in an efficient andpredictable manner.

- The fiscal budget will be mainly spent on R&D in greentechnology, such as solar energy and fuel cells,restoration of the four major rivers and greentransportation. As the economy recovers, the weightgiven to R&D will become more significant.

- Fiscal realities will be appropriately reflected as well as themid-term plan covering 2009 through 2013. Budgetpriority will be appropriately rearranged so that the budgetfor important programs can be speedily implemented.

- Roughly 2% of the nation’s annual GDP is allocated togreen investment which is twice the amountrecommended by the Green Economy Initiativeadvocated by the UNEP (1% of GDP).

to promote public awareness and acceptance of green lifestyles. Furthermore, Korea will strive towards

building its national image as a role-model for green growth by redoubling its efforts for mitigating climate

change and assisting developing countries to effectively deal with the adverse impacts of climate change.

Green Growth Investment Plans

Founded in June 2010, the Global Green Growth Institute (GGGI) is aglobally represented, non-profit institute dedicated to the promotion ofeconomic growth and development while reducing carbon emissions,increasing sustainability, and strengthening climate resilience (i.e. greengrowth). GGGI is founded on the belief that economic growth andenvironmental sustainability are not merely compatible objectives, butare mutually necessary for the future of humankind. GGGI currently supports several projects in partner countries through

program development, implementation, capacity building, best practice sharing, and the provisionof grants to local institutions. Through its work, GGGI seeks to position the green growth model asone which is both practical and effective in the pursuit of economic growth and sustainabledevelopment.

GGGI is headquartered in Seoul, Republic of Korea.

Global Green Growth Institute (GGGI)

The Global Green Growth Institute (GGGI) was founded on the belief that economic growth andenvironmental sustainability are not merely compatible objectives, but are mutually necessary forthe future of humankind.

It is dedicated to supporting the creation and diffusion of a new model of economic growth, knownas “green growth”, that integrates objectives for poverty reduction, opportunity creation, and socialdevelopment, with objectives for environmental sustainability and climate and energy security.

GGGI supports emerging and developing nations in their efforts to create and implement nationaland local strategies and policies for pursuing green growth. In so doing, GGGI seeks to contributeto increasing the effectiveness and impact of national and local action on green growth, promotingbest practice, building capacity, and encouraging international cooperation. Through its work,GGGI will help advance both the theory and practice of green growth.

As a politically neutral source of independent expertise, GGGI will provide a comprehensive set ofcapabilities, skills and services aimed at answering key questions related to green growth planning,and play a critical role in the post-Copenhagen landscape.

Vision & Mission

Mitigation of climate

change & energy

independence

1. Effective mitigation ofgreenhouse gas emissions

2. Reduction of the use of fossilfuels and the enhancementof energy independence

3. Strengthening the capacityto adapt to climate change

Creating new engines

for economic growth

4. Development of greentechnologies

5. The “greening” of existingindustries and promotion ofgreen industries

6. Advancement of industrialstructure

7. Engineering a structuralbasis for the green economy

Improvement in quality

of life and enhanced

international standing

8. Greening the land, water andbuilding the greentransportation infrastructure

9. Bringing green revolutioninto our daily lives

10. Becoming a role-model forthe international communityas a green growth leader

<Fiscal Expenditure on Green Growth for 2009-2013> (trillion KRW, %)

1) The total amount eliminated overlaps among allocations to projects under the 10 policy directions.

Key Category Total1) ’12~’13’10~’11’09 Rate ofIncrease

Total 107.4 41.648.317.5 10.2

Mitigation of climate change & energy independence 56.9 19.229.28.6 14.0

Creating new engines for economic growth 28.6 13.110.74.8 9.4

Improvement in quality of life and enhanced internationalstanding 27.9 12.210.55.2 3.6

The Saemangeum Project is a government-run project with the goal of

constructing a global premium city of green growth and a clean environment.

The construction of the world’s longest sea dike (33km), which connects Gunsan

and Buan, is to create 283km2 of reclaimed land and a lake with a surface area of

118km2 .

This project will transform Saemangeum into the economic hub of Northeast

Asia serving not just industrial but also tourism and residential purpose.

Executive Office of SaemangeumDevelopment Planing

Gunjang National Industrial ComplexGunjang National Industrial ComplexGunjang National Industrial ComplexGunjang National Industrial ComplexGunjang National Industrial ComplexGunjang National Industrial ComplexGunjang National Industrial ComplexGunjang National Industrial ComplexGunjang National Industrial ComplexGunjang National Industrial ComplexGunjang National Industrial ComplexGunjang National Industrial ComplexGunjang National Industrial ComplexGunjang National Industrial ComplexGunjang National Industrial ComplexGunjang National Industrial ComplexGunjang National Industrial ComplexGunjang National Industrial Complex

Industrial ZoneIndustrial ZoneIndustrial ZoneIndustrial ZoneIndustrial ZoneIndustrial ZoneIndustrial ZoneIndustrial ZoneIndustrial ZoneIndustrial ZoneIndustrial ZoneIndustrial ZoneIndustrial ZoneIndustrial ZoneIndustrial ZoneIndustrial ZoneIndustrial ZoneIndustrial Zone

Gogunsan ArchipelagoGogunsan ArchipelagoGogunsan ArchipelagoGogunsan ArchipelagoGogunsan ArchipelagoGogunsan ArchipelagoGogunsan ArchipelagoGogunsan ArchipelagoGogunsan ArchipelagoGogunsan ArchipelagoGogunsan ArchipelagoGogunsan ArchipelagoGogunsan ArchipelagoGogunsan ArchipelagoGogunsan ArchipelagoGogunsan ArchipelagoGogunsan ArchipelagoGogunsan ArchipelagoSea portSea portSea portSea portSea portSea portSea portSea portSea portSea portSea portSea portSea portSea portSea portSea portSea portSea port

Gunsan AirportGunsan AirportGunsan AirportGunsan AirportGunsan AirportGunsan AirportGunsan AirportGunsan AirportGunsan AirportGunsan AirportGunsan AirportGunsan AirportGunsan AirportGunsan AirportGunsan AirportGunsan AirportGunsan AirportGunsan Airport

Multifunctional CityMultifunctional CityMultifunctional CityMultifunctional CityMultifunctional CityMultifunctional CityMultifunctional CityMultifunctional CityMultifunctional CityMultifunctional CityMultifunctional CityMultifunctional CityMultifunctional CityMultifunctional CityMultifunctional CityMultifunctional CityMultifunctional CityMultifunctional City

Tourism and Leisure ComplexTourism and Leisure ComplexTourism and Leisure ComplexTourism and Leisure ComplexTourism and Leisure ComplexTourism and Leisure ComplexTourism and Leisure ComplexTourism and Leisure ComplexTourism and Leisure ComplexTourism and Leisure ComplexTourism and Leisure ComplexTourism and Leisure ComplexTourism and Leisure ComplexTourism and Leisure ComplexTourism and Leisure ComplexTourism and Leisure ComplexTourism and Leisure ComplexTourism and Leisure Complex

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

PR

IME

MIN

IST

ER

’S O

FF

ICE

(EX

EC

UT

IVE

OF

FIC

E O

F S

AE

MA

NG

EU

M D

EV

EL

OP

ME

NT

PL

AN

ING

)

047

Vision of Saemangeum

Land Use Plan

▶Lot configuration

▶Area for each site and period of development

Gunjang NationalIndustrial Complex

Industrial Zone

Scientific research ZoneScientific research Zone

Ecologicalenvironmental Zone

GogunsanArchipelago

Ariul(Multifunctional city)

Agricultural city

Agricultural Zone

Buan IC

Dongjingang(river)

Agricultural Zone

Agricultural city

New & Renewableenergy Zone

Agricultural Zone Behind urban city

Mangyeonggang(river)

Seo Gimjae IC

SeohaeanExpressway

Yellow Sea

DivisionTotal(283km2) Phase 1(Until 2020) Phase 2(After 2021)

Ratio(%)Area(km2) Ratio(%)Area(km2) Ratio(%)Area(km2)

Agricultural Zone

Scientific research Zone

New & Renewable energy Zone

Ecological environmental Zone

Urban site(Agricultural, behind urban city)

Industrial Zone

Inner dyke

Ariul(Multifunctional city) 67.3

85.7

23

20.3

42.4

14.6

18.7

11

23.8

30.3

8.1

7.2

15.0

5.2

6.6

3.9

26.9

-

23

11.5

-

10

-

-

9.5

-

8.1

4.1

-

3.5

-

-

40.4

85.7

-

8.8

42.4

4.6

18.7

11

14.3

30.3

-

3.1

15.0

1.6

6.6

3.9

The City of Neo Civitas,Saemangeum(Ariul)

“Creating Tomorrow”

The Most Attractive Economic Hub in Northeast Asia

GLOBAL GREEN WATER HUMAN CULTUREAttractive LivingEnvironment for

Foreign Residents

Low-Carbon,Green GrowthDevelopment

Vibrant, AttractiveWaterfront City withExcellent Amenities

Human-Oriented,Multifunctional, Mixed

Use Development

Neo Culture EmbracingKorean Traditions and

Global Cultures

Land of opportunities is being created inSaemangeum, Korea

Saemangeum, at the Center of Pan-Yellow Sea Region- Saemangeum is close to a fast growing market, China.- The North East Asia is a huge, attractive market with a population of 1.5billion.- Beijing can be reached in one hour, and Tokyo in 1.5 hours.- 51 cities with population of over 1million are reachable within 3.5 hours.

500km

1,000km

1,500km

2,000km

∙Area∙Development period

∙Managing agency

∙Land Use

∙20.3km2

∙Phase 1(- 2020): 8.8km2

∙Phase 2(2021- ): 11.5km2

∙Ministry of Knowledge and Economy,Ministry of Food, Agriculture, Forestryand Fisheries

∙Renewable energy R&D facilities, bio-crop production facilities

∙Area∙Development period∙Managing agency∙Major industry

∙18.7km2

∙-2020∙Saemangeum Gunsan FEZ authority∙Automobiles, car parts, machinery,

shipbuilding equipment, renewableenergy, new material, convergencetechnology, radiation fusion technology,biotechnology, food processing industry

∙Area∙Development period∙Managing agency∙Land Use

∙42.4km2

∙-2030∙Ministry of Environment∙Northern part - wildlife habitats and eco

park, stopover for migratory birds.∙Southern part - Water quality control

facilities, research center, landscapingand forests

∙Area∙Development period∙Managing agency

∙Land Use

∙23km2

∙2021-∙Ministry of Education, Science and

Technology ∙World class research facilities,

universities for basic and appliedresearch, corporate research centers

∙Area∙Development period∙Managing agency

∙Land Use

∙85.7km2

∙-2020∙Ministry of Food, Agriculture, Forestry

and Fisheries ∙High tech agriculture complex Export-

oriented agriculture industry sustainableagriculture and eco-tourism.

∙Area∙Development period

∙Managing agency

∙Business opportunities

∙67.3km2

∙Phase 1(-2020): 40.4km2(60%)∙Phase 2(2021-): 26.9km2(40%)∙Ministry of Land, Transport and Maritime

Affairs, Ministry of Culture, Sports andTourism, Ministry of Environment,Ministry of Knowledge and Economy,Saemangeum Gunsan FEZ authority

∙Manufacturing sector- Green car, food-processing, high-tech machinery,renewable energy generation

∙Business sector- multinational corporate headquarters/branch office, business park∙Financial sector- financial institutions∙Research facilities- universities, research centers∙Logistics - storage, warehouse at the new port∙Service sector- convention center, shopping mall, hotels, restaurants,

education, medical facilities∙Tourism, leisure

▶Ariul(Multifunctional city)

Land development plan

Ariul(Multifunctional city)

▶Industrial Zone

▶Agricultural Zone

Industrial Zone

Agricultural Zone

▶Scientific research Zone

Scientific research Zone

▶New & Renewable Energy Zone

New & Renewable Energy Zone

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

PR

IME

MIN

IST

ER

’S O

FF

ICE

(EX

EC

UT

IVE

OF

FIC

E O

F S

AE

MA

NG

EU

M D

EV

EL

OP

ME

NT

PL

AN

ING

)

049

▶Ecological environment Zone

Ecological environment Zone

The Korean government established the Special Act on Promotion of Saemangeum Project in2008 to systematically support investors and businesses.

Business environment

Incentive schemes

Strong government support based on special act

- The central government of Korea undertakes the Saemangeum project as a core

national agenda providing full support.

- Special Act on Promotion of the Saemangeum Project ensures institutional support of

tax incentive, financial subsidies, and regulatory exemption for businesses.

Excellent transport infrastructure

- The road network will connect the area to expressways and high-speed railroads.

- The existing airport and a new port will offer you easy access to Saemangeum

Tourism resources and leisure development

- The natural resources such as Gogunsan Archipelago and Byeonsan Peninsula National

Park are famous tourist attractions.

- Tourism and leisure industry will thrive with a land mark, marina, mega resorts, golf

course, art centers and other amenities.

Vastness of the land

- The state-owned land is as large as 2/3 the size of Seoul

- Saemangeum offers a long-term lease program(max. 100years) and land sales at an

affordable price

Yellow Sea Economic Bloc

- Proximity to China provides you easy access to the emerging market of China.

- Located at the center of North East Asia, Saemangeum serves as a strategic base for

the market with population of 1.5billion.

Industrial hub in North East Asia

- The existing industrial complex in Gunsan will offer Saemangeum synergy effects for

industries such as machines, automobiles, shipbuilding, renewable energy and bio

cluster.

- World class research institutes and facilities will be established to foster an attractive

R&D environment.

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

PR

IME

MIN

IST

ER

’S O

FF

ICE

(EX

EC

UT

IVE

OF

FIC

E O

F S

AE

MA

NG

EU

M D

EV

EL

OP

ME

NT

PL

AN

ING

)

051

Tax incentives and financial subsidies for businesses

- Tax exemption programs will facilitate investment and business operation in Saemangeum.

- Subsidies for employment and training can be best utilized by businesses.

Facilities and services for residents

- Special Housing service for foreigners and interpretation & translation service will be provided.

- International schools and medical institutions will make for convenient living conditions.

Executive Office of Saemangeum Development Planning

Head’s MessageAfter 19 years of efforts, Saemangeum reached a historical turning point in April2010 with the completion of 33.9km long sea dike construction. The master planfor comprehensive development will be announced at the end of this comingFebruary. It will further explain the Saemangeum Project’s goal to transform thevast land of 401km2 into a global premium city dedicated to green growth andsustainable development in the fields of economy, industry, and tourism.

Located at the heart of a huge global market with 1.5 billion consumers, Saemangeum holds idealgeographical conditions for a global business environment and will turn itself into the economic hub ofNortheast Asia by working with renowned companies that are highly competitive on the global stage.Relevant government ministries and local governments, as well as the Executive Office of SaemangeumDevelopment Planning, are committed to providing full support to create the City of Neo Civitas.

We have reclaimed the sea, built up hope, and finally changed the map of South Korea. Now I hope all of youwill join us in filling up Saemangeum with prosperity and creativity. Let’s create a whole new future.

Organization

The Executive Office of Saemangeum Development Planning is organized for promotion and efficientmanagement of the Saemangeum Project under the direct control of the Prime Minister’s Office.

Duties : Integration and coordination of Saemangeum project-related policies- Matters regarding the administrative affairs and support for Saemangeum Development Committee - Matters regarding a master plan on land development (including general execution plan) - Matters regarding adjustment of a master plan by land use - Matters regarding enactment and amendment of Saemangeum-related rules - Matters regarding establishment of water-quality improvement plans for Saemangeum - Matters regarding integrated management of disaster, water quality and water quantity - Matters regarding support, advertisement and international cooperation to attract investments in Saemangeum - Requirements from related organizations, etc.

OrganizationPrime Minister’s Office

Executive Office of Development Planning82-2-735-1255

Policy Planning Bureau82-2-735-1257

Development Policy Bureau82-2-735-1258

Policy CoordinationDivision

82-2-3210-2867

Environmental policyDivision

82-2-3210-2897

Project ManagementDivision

82-2-3210-2891

DevelopmentPlanning Division82-2-3210-2784

Culture and PublicRelabions Division82-2-3210-2657

InvestmentPromotion Division82-2-3210-2660

Prime Minister’s Office,

Head of Executive Office of Saemangeum Development Planning

Lee Byoung-Gook

■Address : 5F Central Government Complex Extension Bldg.,Sejongno, jongno-gu, Seoul, Korea(110-787)

■Fax : 82-2-3210-2685 ■E-mail : smgc@pmo.go.kr

■Homepage : http://smgc.go.kr

Now that we are at the threshold of a new global economic system-which, it is widely agreed, isbased on the concept of a “knowledge economy”-Korea is working to transform itself into a globaleconomic superpower.

MKE is leading the way in three key policy areas-trade, energy and industry. Building upon Korea’straditional strengths, which lie in core industries such as shipbuilding, MKE is also taking steps toequip the nation with cutting-edge R&D, advanced IT, and value-added goods and services. Weare making bold strides in our efforts to nurture future growth engines, secure a sustainable supplyof energy, improve living standards, develop breakthrough technologies and ideas, and buildconstructive partnerships. Every one of these measures underscores Korea’s potential as a majorplayer in the new global economic environment.

Core responsibilities

Throughout its history, Korea hasfound its economic strength in asolid and diverse industrial base. Asthe nation aspires to make a furtherleap, MKE is paving the way for apromising future where knowledgeis the primary engine of the Koreaneconomy, driving productivity andgrowth. To make this vision areality, MKE is pursuing a widerange of strategies with a particularfocus on these five objectives:building a favorable investmentenvironment; promoting the growthof local economies; establishing aninnovative R&D system; upgradingcore industries; and supportingsmall and midsize enterprises.

After conducting a thoroughanalysis of Korea’s strengths, theKorean government has selected17 new growth engines that weintend to actively foster and promote. These 17 industries fall into three broad categories: greentechnology, high-tech convergence and high value-added service. MKE is taking the lead role in promoting 10 of these promising business areas: renewable energy,low-carbon energy, a green transportation system, LEDs, broadcast and communications media,intelligent robots, information technology, biopharmaceuticals and medical devices, nano-convergence, and cultural content and software.

MKE

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

MIN

IST

RY

OF

KN

OW

LE

DG

E E

CO

NO

MY

053

Redefining Korea in a changing global environmentMKE for the 21st century

Ministry of Knowledge Economy

The Ministry of Knowledge Economy is the result of a transformation of the Korean economy that

took place over 60 years. MKE’s earliest precursor was the Ministry of Trade and Industry,

established in 1948; others included the Ministry of Energy and Resources; the Ministry of Trade,

Industry, and Energy; and the Ministry of Commerce, Industry and Energy.

In 2008, acting upon his election mandate to invigorate the Korean economy, President Lee

Myung-bak launched the Ministry of Knowledge Economy. This Ministry encompasses functions

that were previously the responsibility of the former Ministry of Commerce, Industry and Energy

and the Ministry of Information and Communication, as well as some that were under the

jurisdiction of the Ministry of Finance and Economy and the Ministry of Science and Technology.

Strategic industrial policies

※ For a complete list of new growth engines, scroll over the following sectors.※ MKE initiatives are highlighted in green.

New Growth Engines in 3 Sectors

MKE is composed of five offices, 16 bureaus and 68 divisions under one Minister and two ViceMinisters. We also have more than a dozen affiliated organizations - Korea Post, the KoreanAgency for Technology and Standards, the Korea Trade Commission and the Office of FreeEconomic Zones, just to name a few.

MKE’s organizational structure

Organizational Chart

As an advocate of freer and more active trade, MKE placesspecial emphasis on three areas: First, we seek to maximizeKorea’s great potential with a solid, broad trading platform.Second, we are intensifying ties with major trading partners andwelcoming new partnerships. Last, we strive for a business-friendly environment so as to become a more attractivedestination for investors.

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

MIN

IST

RY

OF

KN

OW

LE

DG

E E

CO

NO

MY

055

New Growth Engines

Green Technology High-Tech Convergence Value-Added Service

New growth engines- Renewable energy

technologies- Water treatment technologies- Low-carbon energy

technologies- Green transportation systems- IT convergence citywide- LEDs

New growth engines- Broadcast and

communications media- Intelligent robots- Biopharmaceuticals and

medical devices- Information technology- Food Industry- Nano-convergence

New growth engines- Healthcare- Green financing- Cultural content and software- Education- MICE and tourism-related

industries

Energy initiatives are also at the heart of MKE’s responsibilities.In line with global trends, MKE is committed to promoting thewiser use of energy and is actively engaging in energycooperation projects and efforts to expand the use of cleanerenergy technologies. In addition, we are draftingenvironmentally friendly economic policies that will usher in alow-carbon society.

At the same time, MKE is working to ensure a stable energysupply to meet the nation’s growing demand. To this end, weare pursuing a long-term strategy emphasizing overseas energydevelopment projects.

Minister

SpokespersonPublic Relations Division / Media Relations DivisionDirector General for Audit & InspectionAudit Inspection Division

Vice Minister for Industry and Technology

General Service & Personnel Division

Office of Planning & Coordination∙Director General for Policy Coordination

Planning & Budget Division / Public Management Division /Regulatory Reform & Legal Affairs Division / InformationManagement Division / Evaluation & Customer Relations Division

∙Director General for Emergency PlanningContingency Planning Division

Office of Industrial Economic Policy∙Director General for Industry & Knowledge Economy

Industrial Economic Policy Division / Service Industries Division / SMEAdvocacy Division / Industry & Environment Coordination Division /Distribution & Logistics Division / Better Business Climate Division

∙Director General for Technology PolicyIndustrial Technology Policy Division / Industrial TechnologyDevelopment Division / Technology Market Division / TechnologyDiffusion & International Cooperation Division / TechnologyInfrastructure Division

∙Director General for Regional Economic Development PolicyRegional Economic Policy Division / Regional Industry PromotionDivision / Industrial Complex Division / Regional InvestmentPromotion Division / Corporate Relocation Division

Office of Industries∙Director General for Emerging Industries

Growth Engine Policy Division / Biotech & Nanotech Division /Software Policy Division / Software Promotion Division / Design &Brand Division / Robot Division

∙Director General for Electronics & IT IndustriesElectronics & IT Policy Division / Information & Electronics IndustriesDivision / Semiconductor Display & Electric Industries Division /Information & Telecommunication Division / IT Innovation Division

∙Director General for Manufacturing IndustriesComponents & Materials Division / Machinery, Aerospace & DefenseIndustries Division / Metals & Chemicals Division / Textile, Apparel &Consumer Goods Division / Automobile & Shipbuilding Division

Vice Minister for Trade and Energy

Office of International Trade & Investment∙Director General for Trade

Trade Policy Division / Trade Promotion Division / Export & ImportDivision / Export Control Policy Team

∙Director General for Trade & Industrial CooperationTrade Cooperation Division / Europe & Americas Division / Asia &Oceania Division / China & Russia Division

∙Director General for Cross-Border InvestmentForeign Investment Policy Division / Foreign Investment PromotionDivision / Overseas Investment Division / Inter-Korean EconomicCooperation Division

Office of Energy & Resources∙Director General for Energy Policy

Energy & Resources Policy Division / Climate Change Policy Division /New & Renewable Energy Division / Energy Technology Division

∙Director General for Energy IndustriesPetroleum Division / Gas Division / Electric Power Division / EnergySafety Division

∙Director General for Energy Resources Development &Nuclear Power Resources Development Policy Division / Oil & Gas DevelopmentDivision / Mineral Resources Division / Nuclear Power IndustryDivision / Nuclear Power Plant Cooperation Division

∙Energy Efficiency BureauEnergy Efficiency Policy Division / Energy Efficiency ManagementDivision / Energy Cooperation Division

Stimulating international trade and investment

More sustainable and greener energy policies

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

MIN

IST

RY

OF

KN

OW

LE

DG

E E

CO

NO

MY

057

Since the onset of the financial crisis in 1997, the Korean government has been active in its effortsto attract foreign direct investment to Korea; passage of the Foreign Investment Promotion Act in1998 greatly facilitated these efforts. The Act opened up 99.8% of Korea’s industries to foreigninvestment and provided significant protection for investors’ interests. Under the Act, foreigninvestors also receive incentives including tax breaks, cash grants and affordable land.To make Korea a more business-friendly country, the government has established acomprehensive action plan to improve the foreign investment environment; the plan is subject toreview every three years. MKE is taking the lead in implementing it in cooperation with 11 otherministries and eight government agencies.

Under the action plan for the years from 2008 to 2010, Korea has made numerous achievements.Corporate taxes were reduced; a new system has been introduced to better protect intellectualproperty rights; administrative procedures have been streamlined, making it easier to establish anindustrial complex; the maximum amount of foreign capital that can be lent or borrowed withoutthe need to report the transaction has been increased; and international financial reportingstandards have been adopted. At the same time, the living environment for foreign businesspeoplehas improved dramatically-there are more educational and healthcare facilities equipped to meettheir needs, a more convenient processing system at customs for foreign businesspeople living inor visiting Korea, a new English radio station, and more traffic signs in English.

FDI incentives exist to alleviate the burden of establishing new business operations and to thankforeign investors for all they contribute to the Korean economy. The government currently offers taxrelief to foreign companies with the potential to contribute significantly to the Korean economy. Wealso provide affordable land and assist with related administrative procedures. Foreign-investedcompanies also benefit from cash grants and other financial support.

Certain foreign-invested companies are eligible for tax relief on

corporate, income, local and dividend income taxes for five to

seven years. These include companies operating in the area of

industry support services, or in certain high-tech business areas

specified by the Ministry of Strategy and Finance. Companies

involved in manufacturing, logistics, R&D, leisure or hospitality

are also eligible if they are based in Korea’s Foreign Investment

Zones or its Free Economic Zones. Customs fees may be reduced

or waived for capital goods, as long as the import declaration is

completed within three years of the date the investment report is

filed.

- Tax relief

Incentives for foreign companies investing in Korea

FDI policy

The purpose of Korea’s cash grant program is to attract FDI in business areas with exceptional potential to

benefit the national economy. The amount of each cash grant is determined through negotiations between the

investor and the government.

To be eligible for a cash grant, a foreign investor must own at least 30% of the equity in an industry support

service or high-tech business, or in a greenfield investment project in parts and materials manufacturing.

R&D laboratories and construction/expansion projects with significant job creation potential are also eligible.

FDI to establish a regional headquarters of a multinational corporation or a business pertaining to a regionally

strategic industry with the potential to make a significant contribution to the local economy may also confer

eligibility. The Foreign Investment Committee will deliberate such cases individually.

- Cash grants

The Korean government makes industrial sites within specially designated zones available to all foreign-

invested firms that meet certain requirements. Land within four categories of zones is provided either free of

charge or at low cost: Stand-Alone-Type Foreign Investment Zones, Complex-Type Foreign Investment Zones,

Free Trade Zones and Free Economic Zones.

For occupants of these zones, there are not only benefits in terms of location costs but also many other

beneficial factors. Tax and customs tariff reductions, as well as other forms of financial support, may apply if

certain conditions are met.

- Affordable land and facilities

Financial support is provided to help with hiring, staff education and training, and projects to build

infrastructure within a Foreign Investment Zone or to enhance the living environment within it. Aid under this

program is currently extended to companies in which the foreign equity stake is at least 30% or in which a

foreign company or individual investor is the largest shareholder.

- Financial support

Foreign direct investment (FDI) is crucial to the Korean economy. As of 2008, it accounted for 13%of sales revenue and 6% of employment in the manufacturing sector. However, Korea still needs toattract more FDI as it represented only 13.3% of the nation’s GDP in 2009, a figure far below theglobal average of 30.7%. In light of these circumstances, the Korean government is eager toimprove its business environment through deregulation and we are strongly promoting FDI. MKE isat the forefront of these efforts.

Foreign direct investment and MKE

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

MIN

IST

RY

OF

KN

OW

LE

DG

E E

CO

NO

MY

059

Korea at a glance

∙Official name Republic of Korea

∙Capital Seoul

∙Area About 100,000 square kilometers

∙Population About 48 million

∙Official language Korean

∙Illiteracy Nonexistent among people between the ages of 20 and 40

∙Religion Buddhism 24%, Protestant 23%, Catholic 8%, Other 0.8%, None 44.2%

(Korea National Statistical Office, 2005)

∙Climate Continental with four seasons

∙Time 9 hours + GMT

∙Political system Democratic republic, presidential system

∙Economy 13th-largest economy (based on GDP, 2009), OECD member

∙Currency South Korean won (KRW, �)

∙Competitive industries IT, electronics, semiconductors, automobiles, shipbuilding, steel,

petrochemicals

Country profile (2009)

Sources: Bank of Korea, Korean Statistical Information Service

∙National GDP (US$ billion)

∙Real GDP growth (%)

∙GNI per capita (US$)

∙Exports (US$ billion)

∙Imports (US$ billion)

∙Current account (US$ billion)

∙Unemployment rate (%)

∙CPI inflation (%)

∙Three-year treasury bond yield (%)

∙Foreign exchange reserves (US$ billion)

∙Exchange rates

- won/US$

- won/100 yen

- won/euro

2005 2006 2007 2008 2009 2010

845

4.0

17,531

284

261

18.6

3.7

2.8

4.3

210

1,024

931

1,274

951

5.2

19,722

325

309

14.1

3.5

2.2

4.8

239

956

821

1,199

1,049

5.1

21,695

371

357

21.8

3.2

2.5

5.2

262

929

790

1,273

931

2.2

19,231

422

435

3.2

3.2

4.7

5.3

201

1,103

1,077

1,607

833

0.2

17,175

364

323

33.0

3.6

2.8

4.0

270

1,276

1,363

1,774

-

6.1

-

466

425

28.2

3.7

2.9

3.7

287

1,156

1,320

1,532

Key economic indicators

As of 2010, Korea has six Free Economic Zones; the plan is to develop them into the majorbusiness centers within the Northeast Asian region. The Free Economic Zones provide optimalconditions for business and attractive incentives. They are home to state-of-the-art airports, portsand office buildings; as well as world-class schools, hospitals and tourism facilities.

Under the auspices of the Ministry of Knowledge Economy, the Free Economic Zone Authoritiesoperate as decision-making bodies in accordance with the Special Act on Designation andManagement of Free Economic Zones. They set policies for the FEZs; designate, canceldesignations, and plan the development of new FEZs; and provide administrative services in theFEZs.

Considering its efforts and the dynamism of the Northeast Asian market, Korea expects to see asignificant increase in inbound FDI in the coming years.

Free Economic Zones

MEST Ministry of Education,Science and Technology ASEM-DUO

The fields of education, science and technology are the key to the future of our nation.Not only that, the success of our future generation hinges upon these three criticalfields.

In recognition of this, the Ministry of Education, Science and Technology (MEST)will do its best to ensure that all of our children are not left behind and have an

opportunity to nurture their dream and hope through education, science and technology.

Furthermore, we plan to establish the efficient education and research systems to cultivate theoutstanding talents of Korea as the prominent scientists and engineers recognized by the world. Thepolicy support will also be expanded to encourage many talented people to seek the career pathsrelated to science and technology as well as to enable scientists and engineers to demonstrate theircapacity with pride.

In the coming years, MEST will concentrate more on ensuring that the existing policies take firm rootrather than developing new policies. To attain this goal, we will communicate more with those whoare working in the education, science and technology sectors with an open-minded attitude.

In the same context, we hope that this website will serve as a channel of communication with each andevery one of the Korean public so we can hear their voices on education, science and technology.

Vision

Build a first class advanced country

Revive the education and build a leading country in science and technology

Fortify the united capabilities of Ministry of Education, Science and Technology

Double the satisfaction of education, reduce the cost of private sducation

Build self-regulated, diversified education system- Reinforce local self-sducation

- Diversify high school300 project

- College entrance 3-step self-regulation

Reconsider the satisfaction of school education- Complete the public English education

- Make an infrastructure that can improve teachers’ abilities

- Build advanced curriculum and textbooks

- Make happy schools

Expand education welfare- Basic learning shortage zero plan

- Formulate custom-made national scholarship

- Activate all-nation lifelong education

Build self-regulated, deversified education system- Increase national investment in research and development

- propel united growing projects

- Distribute civil-leading strategic R&D funds

Reconsider the satisfaction of school education- Reinforce the abilities of college and research institutes

-Promote basic foundation research

- Train and invite world-renowned scientists

Expand education welfare- Inspire scientists and technologists

- Improve research fund distribution system

- Create international science and Technology business belt

Develop science technology, make work positions

Unification of education,science andtechnology

Combinehuman

resources

The ASEM-DUO aims at contributing to better enhance reciprocal academic exchanges betweenthe students and the teachers of the European Union and Asian ASEM member countries. It isdedicated not only to increase the number of people-to-people exchanges between the tworegions but also to encourage the development of bilateral exchange programs: through creatingnew programs or inducing people’s active engagement to exchange programs which have alreadybeen established but in dormancy. The fellowship was first launched in 2001, and renewed in every5 years. Currently, it was agreed to continue the fellowship up to 2015.

The ASEM-DUO Fellowship Program is basically an umbrella program, and detailed terms andconditions are determined by individual programs. At present, there are five such individualprograms, and they are respectively called DUO-Korea, DUO-Singapore, DUO-Sweden and DUO-Thailand, and DUO-Belgium (Flemish) reflecting the contributing member countries. All theseindividual programs are governed by a set of Core Principles and the rest of the specific details ofthe programs are to be prescribed by the contributing members.

Individual programs by contributing members

ASEM-DUO Fellowship Program

A fellowship program to support exchanges between Asia and Europe

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

AS

EM

-DU

O

061

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

AS

EM

-DU

O

063

Core Principles, which govern all individual fellowship programs, consist of three principles. Theyare as follows:

1. PAIRS: ONE FROM ASIA, ONE FROM EUROPEOnly pairs of students or teachers from the two educational institutions, one in Asia and the other inEurope, are to be supported. Institutions and students (or teachers) should be paired: a studentfrom a different institution in a member is not allowed. Both members of a pair are supportedtogether.

2. STANDARDIZED DURATION OF SUPPORT Financial support is given in terms of semesters, not in terms of months or years; for students, oneunit comprises of four months; for teachers, one unit is one month. From the Expert Meeting heldin November 2003, the definition was altered to a semester of 4 months to 6 months.

3. STANDARDIZED AMOUNT OF SUPPORTEach pair of students will receive 2,000 euros per month during the exchange; for teachers, it is6,000 euros per month. The division of fellowship amount among the members in a pair is to bedetermined by individual contributing members.

Over the past ten years, there have been the exchanges of some 2,000 students and professorsbetween Asia and Europe under the ASEM-DUO, and its popularity is growing and competitionrate is high (the average 4:1). The supported exchanges seem to have been firmly established,since more than 90% of exchange programs remained even after the financial support of theASEM-DUO was terminated.

Starting year

Related Division

Time of calling

Selection

Beneficiary

Selection Committee

Duration

Amount (Euro)

Pairing

Comment

2001

MEST, Korea

May

July

Under/Grad

Selection Committee

1 semester

4,000 Each

Pair-based

KOREA SWEDEN SINGAPORE THAILAND

2010

IPO for Education and Training,

Sweden

April

July

Under/Grad

Selection Committee

1 semester

4,800 for Asian 3,200 for Swedish (In case of Japan and Singapore 4,000 Each)

Pair-based

2002

MFA, Singapore

January

May

Under/Grad

Universities

1 semester

4,000 Each

Pair-based

2006

OHEC, Thailand

November

August

Professor Under/Grad

Selection Committee

1 semester

1,200 for Thai 800 for European (per month)

Pair-based

Science Technology Hospitality

A fellowship program to support exchanges between Asia and Europe Achievement

Comparison of Individual DUO programs

| Contact Information |

| Overall information and DUO-Korea | DUO-Singapore�E-mail: admin2@asemduo.org �website: www.mfa.gov.sg/duo/�website: www.asemduo.org

| DUO-Thailand | DUO-Sweden�website: www.inter.mua.go.th �website: www.programkontoret.se

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

NA

TIO

NA

L R

ES

EA

RC

H F

OU

ND

AT

ION

OF

KO

RE

A

065

The NRF is not only responsible for the overall planning of research in all areas of academicdiscipline but is also discovering new academic areas through the integration of different academicfields, and promoting a wide range of research in such diverse as law and future society.- Supporting academic and R&D activities- Fostering and utilizing researchers from academia and R&D fields - Promoting international cooperation for academic and R&D activities - Facilitating the analysis of useful resources for research funding as well as development of policies- Assisting in managing research performed by academic and R&D organizations- Promoting cooperative exchange between domestic and overseas institutes and organizations in

the fields of academia and R&D

7%

6%

33%

�

7%�7%

�

7%�3%

�

2%� �

�

29%�

� Basic Research, 763 mil. (29%)� Enhancement of Academic

Research Capacity, 177 mil. (7%)� Research Promotion and

Infrastructure, 155 mil. (6%)� Human Resources Development,

876 mil. (33%)

� Fundamental Technology,185 mil. (7%)

� Big Science, 173 mil. (7%)� Nuclear Energy, 173 mil. (7%)� International Cooperation in Science

and Technology, 89 mil. (3%)� Others, 46 mil. (2%)

NRF National Research Foundation of Korea

• NRF has a total workforce of 485 as of July 2010- 23 program managers from universities & research institute - 289 permanent employees - 173 contract employees

Introduction

2010 Budget : USD 2.6Bil.

Main Activities

Organizational Structure

As Korea’s major funding agency for basic and fundamental research, the NRF is creating newknowledge paradigms through the convergence of all areas of academic disciplines with unceasingpassionate efforts and a creative outlook. The NRF was founded on June 26, 2009 through amerger of the Korea Science and Engineering Foundation (KOSEF), the Korea ResearchFoundation (KRF), and the Korea Foundation for International Cooperation of Science andTechnology (KICOS). The aim of the NRF is to optimize and advance the national basic researchfunding system that encompasses all academic research fields.

The NRF is working to elevate Korea to be a superpower of knowledge and brainpower bypromoting development focused on research through close cooperation with world-class researchfunding agencies. We are also making efforts to become a global leader among research fundingagencies aiming to rank in the top seven knowledge powers by thinking outside the box.

VisionMain Programmes

- Basic Research : The NRF lays the groundwork for advancement in science and technologyand the development of highly advanced technology.

- Fundamental Technology : The NRF is securing new growth engines and improving thequality of life by developing fundamental technology in biology, nano-science, energy,environment and other promising fields.

- Nuclear Energy and Safety : The NRF contributes to the development of core technology forseveral reasons: to provide safe nuclear energy; to develop safe nuclear technology for thesafety of the public; and to develop new applied nuclear technology utilizing radiology tocontribute to the improvement of the public’s welfare.

- Big Sciences : The NRF is working to improve the quality of life and providing a blueprint for abetter world by securing highly-profitable technology and conducting research in the bigsciences including space development, nuclear fusion and climate change prevention.

- University Education Capacity and Enhancement : To enable talented individuals to spreadtheir wings, the NRF supports young researchers, encourages specialization of localuniversities, and cultivates highly competent scientists for the 21st Century.

- Academic Research Capacity Enhancement : From the humanities to medical science, theNRF provides a range of research funding plans designed to foster brains for new knowledge,and build creative and productive research environments.

- Infrastructure and Human Resources in Science and Technology : The NRF is securing expertresearchers through innovative S&T support and establishing research clusters around thenation with extensive support for academia-industry-research areas to help Korea to open upa new borazon of balanced research in science and technology.

- Science and Technology Promotion Funds : This program has been carrying out variousprojects to improve national competitiveness, establish national innovation systems, promotescience and technology, and raise public awareness of the importance of science.

- International Cooperation in Science and Technology : The NRF pursues partnership withmajor countries around the world and develops future-oriented science and technologythrough global cooperative networks. For the future of Korea’s science and technology, theNRF is attempting to become a world S&T hub.

President

Director General

Center Strategic Planningand Public Relations

NRF Board

Directorate forBasic Researchin Science andEngineering

Directorate forInternationl

Affairs

Directorate forStrategic

ResourcesManagement

Directorate forResearchPromotion

Directorate forNational Scienceand Engineering

Programs

Directorate forHumanities andSocial Sciences

Inspector General

International AdvisoryCommittee

MLTM

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

MIN

IST

RY

OF

LA

ND

, TR

AN

SP

OR

T A

ND

MA

RIT

IME

AF

FA

IRS

067

Ministry of Land, Transportand Maritime Affairs

area if it is inside an industrial complex. Large-scale theme parks, resorts, and shopping centerssuch as department stores can be built as longs as they observe the cap on water pollution loadeven inside areas that had development restrictions for environmental preservation. Moreover,congestion charges will be exempt on buildings for financial service purposes within a financialdistrict and R&D facilities within an industrial complex. As a result, business will be able to reducetheir initial investment.

EASED BUSINESS REGULATION ON FREE ECONOMIC ZONES (FEZs)Industrial complexes can be built within FEZs inside Incheon and Pyongtaek from 2009 since theregulation on constructing industrial complexes in the capital area is abolished.

ADDITIONAL REMOVAL OF RESTRICTED DEVELOPMENT ZONES About 3,980 km2 around large cities including Seoul and Busan had been designated asRestricted Development Zones (RDZs). Construction and other development activities are bannedin RDZs to prevent reckless urban sprawl. Although the designation has benefits, it also hindersthe growth of cities due to lack of usable land. Therefore, the government has set up the Plan to Realign and Manage RDZs to lift controls onaround 188 km2 in September 2008. The land will be utilized mainly as industrial and residentialcomplexes.

EXPANDED PROVISION OF DEVELOPMENT SITESThe insufficiency of land available for development has been a problem for years. So, we amendedthe once-uniform regulations on protecting farmlands, forest lands, and military facilities to makethem more reasonable. The designation of Agriculture Promotion Areas with relatively lowagricultural production has also been lifted. Reserve forest lands with less value have becomesemi-reserve forest lands. Moreover, we lifted or eased regulations on protecting military facilitiesas long as it does not interrupt military operations.

SIMPLIFIED PROCEDURES OF URBAN DEVELOPMENTThey can now flexibly and swiftly respond to demands for development in their respective cities. Inaddition, this will shorten the time required to make changes in urban development plans by morethan a year, giving a boost to businesses’ development projects.

The Ministry of Land, Transport and Maritime Affairs, Korea, promises to administrate our territorycreatively and flexibly based on new paradigms and strategies so that more spaces are availablefor needs.

We will put all of our passion to undertake given missions from the high class nation such asmaintaining sustainable green territory with good balance and strong competitiveness, sufficientspaces with elegance and culture for people’s lives, achievement of expected housing welfare,development of worldwide logistics network for land and marine, providence of fast andconvenient transportation service, and accomplish of competitive and advanced constructionbusiness. We as the Ministry of Land, Transport and Maritime Affairs shall be the Ministry loved bythe nation due we satisfy citizen’s happiness and hopes.

STREAMLINED PROCEDURE OF INDUSTRIAL COMPLEX DEVELOPMENTBusiness investment can be made promptly as necessary thanks to the simplified procedurerequired in the development of an industrial complex. The process will now only take less than sixmonths compared to almost three years in the past. Moreover, local governments can nowdesignate all scales of industrial complexes with autonomy. Approval by the Minister of Land,Transport, and Maritime Affairs was mandatory for a large-scale local industrial complex in the past.

CREATION OF INDUSTRIAL COMPLEXES FOR LONG-TERM LEASEWe are planning to expand industrial sites available for long-term lease at an affordable rate topromote investment from small- and medium- sized enterprises. 33 million m2 of these sites will beprovided between 2008 to 2017. Currently, the lease costs around three percent of the annualcost used in building the complex and the lease contract can be made up to 50 years. Businessescan now focus on productive activities free from worrying about securing land since they canstably use the site at a competitive price during the contract.

DEREGULATION IN THE METROPOLITAN AREAConstruction or expansion of a factory is now possible in any size or industry even in the capital

MLTM’s Main Policies

THERE ARE FIVE KEY OBJECTIVES TO THE PROJECT

1. To secure abundant water resourcesagainst potential water scarcity;

2. To implement a comprehensive floodcontrol system;

3. To improve water quality and restorethe ecosystems that rely on and feedthe river system;

4. To create multi-use open spaces forpeople living in the many communitiesalong the major rivers and tributariesof the project; and

5. To create conditions for furtherrevitalization of these river systemsunder regional authorities.

The goals of the Four Major Rivers Restoration Project of South Korea are to restore the Han,Nakdong, Geum and Yeongsan Rivers and to provide water security, flood control and ecosystemvitality. The project will also prevent natural disasters such as floods and droughts, protect theenvironment and promote historical and cultural tourism. The project will result in the creation ofmany new jobs, furthering economic growth that also broadens the horizon of Korea’s greengrowth initiative.

The Four Major Rivers Restoration Project ofKorea is a comprehensive, pan-governmental project, representing theplanning commitment of several Koreangovernmental ministries to work together torestore the Han, Nakdong, Geum andYeongsan Rivers. Once completed, theproject will provide water security, floodcontrol and ecosystem vitality tocommunities along these rivers as well as totheir 14 tributaries.

The project will be completed in threephases.The first phase, which the governmentconsiders to be central to its objectives, isthe restoration of the four major rivers. Thesecond phase, crucial to establishing asecure, healthy river system, will restore the14 tributaries that flow into the four rivers.Phase three of the project will revitalize themany small, local streams that serve as thesources of Korea's larger river system.

RIVERS FOR GREEN GROWTH

OFFICE OF NATIONAL RIVER RESTORATIONMINISTRY OF LAND, TRANSPORT AND HARITIME AFFAIRS

88, Gwanmun-Ro, Gwacheon-Si, Gyeonggi-Do, KOREA 427-712Tel: +82. 2. 2110. 8945 Fax: +82. 2. 504. 1325E-mail: finekim@korea.kr

www. 4rivers.go.kr/eng

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

TH

E F

OU

R M

AJ

OR

RIV

ER

S R

ES

TO

RA

TIO

N P

RO

JE

CT

069

The Four Major Rivers Restoration Project will renew and revitalize 929 km of Korea's entirenational river system. Subsequent projects administered at the regional level will restore more than10,000 km of local streams and 39 riparian wetlands.

THE FOUR MAJOR RIVERS RESTORATION PROJECT

Geum River: A River for Cultural Activities

Nakdong River: A Clean River

Han River: A River for Recreational Activities

Yeongsan River: A Vibrant Haven for Wildlife and Tourists

SECURING LIFE AND PROMOTING PUBLIC WELFARE RESTORING THE RIVER ECOSYSTEM

The Four Major Rivers Restoration Project will address water-related problems such as recurringfloods and droughts caused by climate change and improve the overall health of the nation’s riverenvironment.

Securing 1.3 billion m3 of water will strengthen Korea's capacity to respond to future watershortages and drought caused by climate change.

Securing abundant water (800million m3) through the dredgingof riverbeds and installation ofweirs (16 sites)

Expansion of water supplycapacity through the installationof small dams (250 million m3)

Elevation of existing agriculturalreservoir banks (96 sites, 250million m3)

Flood disasters, that exceed the historical cycle of traditional 200-year periodic floods, are occurringmore frequently in Korea due to climate change. Preemptive measures, including the control of 200-year periodic flooding, are being implemented as part of the project. The Korean government iscreating floodplains that will contain water up to the levels of the 200-year periodic floods. TheMinistry of Land, Transport and Maritime Affairs has begun dredging sediment, strengthening oldlevees, and building small dams, thereby securing 920 million m3 in flood control capacity.

SECURING WATER RESOURCES :

By 2012, through the expansion of sewage treatment facilities and the creation of new green-algaereduction facilities, mainstream water quality will improve to Level Two with a Biochemical OxygenDemand (BOD) of less than 3ppm. The ministry is also working to rehabilitate the riparianecosystem by restoring the natural ecology of the region’s rivers, creating and restoring wetlandsand relocating agricultural production.

The 34 basins are located in areas where Chemical Oxygen Demand (COD), Total Phosphorus(TP), and water pollution levels have been increasing for the last decade. The 34 basins will bedivided into three hierarchies: top, medium and low priority.

An investment plan to increase environmental facilities for the 34 basins will be in place by 2012.

Currently classified into 3 middle zones according to level of water pollution and potable water, thestandards for discharge will be revised for greater precision by 2012.

The River Environmental Standard for COD and TP was established in 2009, and a policy for totalamount of water pollution will be introduced by 2011.

Waste-water treatment will increase 91% by 2012, by expanding the capacity of 750 sewagetreatment facilities. A total of 9,830km in sewer overflows will be improved in the 34 basins.

46 Industrial waste water treatment facilities will be launched at industrial and agriculturalcomplexes by 2012, and 104 chemical treatment systems will be constructed at existing andnewly launched facilities.

Restoration of riparian ecology and the development of a waterfront ecological diverse green belt:Relocation of agricultural lands and the removal of vinyl farm structures in river basins will preventthe influx of insecticides and fertilizers into the rivers. Restoration of stream riparian ecology and theecology of 39 wetland sites will enrich the overall quality and diversity of regional ecosystems.

MANAGEMENT OF 34 HIGHLY POLLUTED BASINS

HIGHER DISCHARGE STANDARDS FOR ENVIRONMENTAL FACILITIES

EXPANDING AND UPGRADING ENVIRONMENTAL FACILITIES IN THE 34 BASINS

PREVENTING FLOOD DISASTERS :

Damyang flood control and retention system Riverbank covered by Turf Reinforcement Mats, Geum River Riverbank covered by native grasses and willow trees, Geum River

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

TH

E F

OU

R M

AJ

OR

RIV

ER

S R

ES

TO

RA

TIO

N P

RO

JE

CT

071

CREATING WATERSIDE CULTURE

Neglected lands along the rivers will be turned into a beautiful, revitalized waterfronts that provideincreased access to the water and that enable people to engage in a diversity of cultural andrecreational activities that enhance their daily lives.

A national network of bicycle paths totaling 1,728km will connect major national highways and localhighways, encouraging low-carbon, green transportation.

Convenience facilities such as camping sites and rest areas will be constructed, along with spacesfor leisure activities, including walking lanes, in-line skating tracks, and water-sport facilities.

Construction of roads will be avoided along riverbanks that pass through urban areas. Pedestrianand bicycle paths will connect public waterfronts to nearby urban areas. The expansion of publictransportation will reduce the use of private vehicles.

Waterfronts will be transformed into mixed-use zoned residential and commercial areas.

Waterfronts will function not only as places for recreation and leisure, but also as sites for locallybased development partnerships between the private and public sector.

Riverbanks will be diverse in design and function to ensure the reliability of irrigation and watercontrol systems and to carefully consider existing land use.

The natural environment, such as forests and grasslands, must be preserved near rivers. Sceniclookouts, exercise areas and rest areas will be constructed to contain human activity whileencouraging interaction with nature.

Building architecture and urbanskylines will emphasize visualopenness and ensure the gradualtransition of city form andtopography to the river’s edge.

Specific design themes that arebased on local specifications willtake into consideration existingsite conditions, including naturalscenery, history and culture.

ESTABLISHING NEW PUBLIC SPACES FOR RECREATION ON WATERFRONTS

DRIVING LOCAL GROWTH

The Four Major Rivers Restoration Project will synthesize ecological character and quality, culture,tourism, and history to promote a locally based economy focusing on the enriched ripariancharacter of the region. The project will also serve as a stepping stone to activate Korea’s greengrowth economy.

Restoration of tributaries will be comprehensive, taking into account such factors as irrigation, watercontrol, environment, culture, and tourism.

Flood control capacities will be reinforced on local streams in major urban areas to levels equivalentwith the national rivers, typically with 200-year periodic floodplains.

Riverside tourism will be promoted through connecting tourist routes, networking accommodationfacilities, and encouraging commemorative local festivals that bring together local communities andinternational tourists in celebrating Korea’s rich historical culture.

Cultural connections between the rivers and the local communities will be strengthened by tourismthat contributes to local cultural values, traditions and events.

Rhombic dams at the upper valley portions of reservoirs will offer spaces for parks and therecreational use of forests.

Reservoir shorelines will offer space forrecreational and educational experiencessuch as horseback riding classes, fishingtours, leisure and entertainment facilities,and locally-owned restaurants.

Cutting-edge technologysuch as clean IT (InformationTechnology) censors andunderwater robots with solarand micro-hydro powerplants will assist in managingriver environments andintervening in disasters.

A Four Rivers Digital TourismSystem will be developed.

RESTORATION OF TRIBUTARIES

RESTORING THE CULTURE OF THE FOUR RIVERS

DEVELOPMENT OF RESERVOIR WATERFRONTS

PROMOTING GREEN-GROWTH INDUSTRIES THROUGH THE FOUR RIVERS

IMPROVING RIVER ACCESSIBILITY

URBAN REVITALIZATION ALONG WATERFRONTS

DIVERSIFYING AND PRESERVING WATERFRONT CHARACTER

CREATING ATTRACTIVE WATERFRONT SPACE

Canoeing in the Geum River A field of reeds in the Geum River

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

TH

E F

OU

R M

AJ

OR

RIV

ER

S R

ES

TO

RA

TIO

N P

RO

JE

CT

073

Hampyeong Waterfront Wetland Park in the Yeongsan River

Seungchon weir in the Yeongsan River

On October 12, 2010, the Ministry of Employment and Labor (MOEL) announced the 2020National Employment Strategy (NES) which consists of the following four major strategies.Specifically, the NES aims to achieve employment rate of 70% (or the average figure in advancedcountries) by year 2020 through a positive loop between growth and employment.

2020 National Employment Strategy

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

MIN

IST

RY

OF

EM

PL

OY

ME

NT

AN

D L

AB

OR

075

A Message from the Minister

Ministry ofEmployment and Labor

Europe and Korea are getting closer. Commercialtrades, investments and people-to-people exchangeshave been growing steadily. With the Korea-EU FTA taking effect in this coming July,the two regions will be further integrated in the realm ofeconomy, spurring new investments and freer flow ofgoods, services and people. Some credit, in mypersonal view, should be given to continued efforts tomake Korea a truly advanced country for the progress.Yet, more efforts across the board are needed to takefull advantage of this priceless chance and bring aboutmutual prosperity to Europe and Korea. There shall beno exception in these noble endeavors on the part ofthe governments, enterprises, workers, and civilsocieties. And the Ministry of Employment and Labor ofKorea is determined to be at the forefront to take thelead without any reservation.

In July 2010, The Ministry of Labor was renamed the Ministry of Employment and Labor, whichdemonstrates our firm commitment to create more jobs. In addition, ‘job creation’ was officially putat the heart of all national agenda with subsequent policies such as ‘The 2020 NationalEmployment Strategy’ and the first-round ‘My Work Project for the Youth’ in place. Going forward,all-out efforts will be made to create sustainable decent jobs. In 2011, as a pathway to build a ‘fairand inclusive society through work,’ the Ministry will create enabling environments that assist morepeople to land on jobs. Regulations shall be overhauled to foster diverse forms of employment andto build safer and more comfortable workplace. In the meantime, vocational training will bettermirror the actual needs of the industry with a view to minimizing any mismatch between skills andtasks at work. Industrial relations in Korea have been substantially stabilized. For instance, the nation’s total lostwork days from labor disputes stayed below the OECD average for the first time in 2010 afteryears of continued decline. In the meantime, two major policies concerning trade unions wereintroduced in 2010: the Paid Time-Off System and the permission of multiple unions in a singleworkplace. The Ministry will take all necessary measures for soft-landing of theses policies, as anadvanced and mature relation between labor and management is integral to job creation andemployment security. I sincerely hope that Europe and Korea make reliable partners for each other in the years to come.The Korean government, labor, and management will join our hands to make Korea an attractivedestination as a market, a production base, a R&D center, and a communication hub to ourprospective partners.

The government will weigh on impacts on

employment when establishing policy goals and

making policy assessments.

For example, heads of local governments will be

more encouraged to announce their job-creation

target and the follow-up policy measures to their

constituencies. Enterprises, making substantial

contributions to job creation, shall be duly

rewarded and recognized. The government's

budget allocation shall be based on employment

impact assessments of each concerned policy.

Strategy 1. Employment-oriented economic and industrial policies(Growth to Employment)

Efforts such as fact-finding surveys and guidelines publication will be carried out to establish fairer

labor market practices concerning the subcontracted workers.

Policies for flexible working hours shall be established including supports to part-time jobs.

Employment regulations will be overhauled as well. Examples include adjusting the scope of

industries allowed for workforce-supply from temporary help agencies.

Strategy 2. Fair and dynamic workplace (Employment to Welfare)

The Ministry will expand customized policy measures for the vulnerable group including women and

the elderly with a view to enhancing their employability as well as encouraging capacity-building.

Strategy 3. Support for the vulnerable and skills development(Employment to Growth)

The Ministry will reform the Basic Livelihood Support Program in such a way that those entitled to the

Program’s benefits can stand on their own feet by providing them with matching employment support

services.

Strategy 4. Work-conducive social safety net (Welfare toEmployment & Growth)

<Best Job-Creation Awards to Top 100 Enterprises>

<NES’s Target Employment Rate by Group>

[Working age(15~64)]

2009

62.9%

64.0%

70.0%

20202012

[Elderly(aged 55~64)]

2009

60.4%

62.0%

64.0%

20202012

[Youth*(aged 15~9)]

2009

40.5%

42.0%

45.0%

20202012

[Women(aged 15~64)]

2009

52.2%

54.0%

63.0%

20202012

The Minister of Employment and Labor

BAHK, Jaewan

Industrial relation in Korea thus far has beenassociated with negative images such as militantlabor unions with unsettled labor disputes for aprolonged period. In this regard, the Ministry encourages mutually-benefitting labor management relations to take firmroot in the market while carrying out institutionalreform such as amending the 'Trade Union andLabor Relations Adjustment Act'(TULRAA).

Consistent policy measures will ensure harmonious labor- management relations under the Koreanlaw and regulations. In principal, autonomous industrial relations are respected and welcomed.

Yet, unfair labor practices shall be clearly defined and duly punished under the law. Meantime,indirect supports will be expanded such as Workplace Innovation Program and Best ModelAwards for companies with advanced labor and management relations. In fact, indices of industrial relations such as the number of labor disputes, number of jointstatements by labor and management, and lost work days point to improving industrial relations forthree consecutive years.

In 2010, although major amendments were made to the TULRAA including the Paid Time-OffSystem, the lost work days per 1,000 employees in Korea stayed below the OECD average in2010, which represents more advanced industrial relations taking root in Korea.The Ministry is lending more supports to make labor and management to recognize a renewedpartnership in this new era, and to engage them in much stronger social responsibilities beyondtheir work relations.

'Korean Model of Social Responsibilities by Laborand Management' was developed with focuses onbasic labor rights protection, job creation and Themodel will annually grant awards to sociallyresponsible enterprises.

When formulating new policies, the Ministry will bealways reminded that sound industrial relation aswell as social responsibil ity of labor andmanagement underpin job creation.

Win-Win Cooperation Between Labor and Management

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

MIN

IST

RY

OF

EM

PL

OY

ME

NT

AN

D L

AB

OR

077

On October 14, 2010, the Ministry announced the first-round 'My Work Project for Youth,’ ofwhich the essence is to create more than 70,000 jobs for youth in the next 2 years. The Projectincludes plans to expand basic public services and the subsequent job creation for the youth in therelevant private sector. Also the Project primarily aims at smooth transition from school to work.

My Work Project for Youth

More youth will be hired in public institutions and

state-run organizations that have high potential

of creating added-value such as pioneering new

market and new technology in energy and

resource development among others.

About 4,000 young social entrepreneurs will be

fostered. Meantime, the Ministry will support

creative attempts of the youth with new subsidies

for start-ups.

The scope of youth internship program shall be

expanded from SMEs to include mid-size

enterprises. Also, internship programs for

starting a new business or creating a new

occupation will raise their quota. And ultimately,

the Ministry plans to make more than 37,000

youth interns to engage in regular employment relations by 2012.

Task 1. Creating 70,000 new jobs for youth by 2012, with publicsector taking the lead

The Ministry will support constructive

partnerships between large companies and

SMEs so that they can jointly find and foster

young talents through such events as Joint Job

Fairs.

“Youth Employment Promotion Committee”

invites both the private and public sector to

identify and recognize best practices; to assess

the actual performance of job-creation-for -youth

programs; and to identify future tasks for further

improvements.

Task 2. Supporting youth employment in the private sector

Restructuring universities will address the oversupply of youth with tertiary education. Meantime,

new assessment criteria on universities' ranking and standardized guidelines for disclosing school

leavers’ employment information will make universities more responsible for the employment of

their graduates.

Youth Employment Academy will be open to job-seeking youth including college students and youth

with college degrees. A separate set of employment support program will be offered to high-school

graduates as a part of a more effective vocational training.

Task 3. Strengthening school-to-work links

<Street Performance by Social Enterprises >

<Best Practice of Advanced Industrial Relations>

<Best Practice of Advanced Industrial Relations>

<Industrial Relations Trends>

<A Scene from Job Fairs>

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

MIN

IST

RY

OF

EM

PL

OY

ME

NT

AN

D L

AB

OR

079

In Korea, there has been a widespread practice of employers bearing the payment responsibility tofull-time union officials, which finally will come to an end with the latest amendment to the ‘TradeUnion and Labor Relations Adjustment Act’(TULRAA) on January 1, 2010. The new System primarily bans payment to full time union officials1) by employers, unless otherwisestated under the TURLAA and other laws, which specify list of activities2) subject to paid time-off bythe full time unionists within the prescribed maximum time-off cap. The System came into effect on July 1, 2010, and has soft-landed thereupon. To that end, all-outefforts have been made on the part of the government in cooperation with labor and management.For example, numerous rounds of briefing sessions were held; leaflets and manuals weredistributed; and educational programs were developed and provided to local labor inspectors justto name a few.

Paid Time-Off System

The latest revision to the TULRAA on January 1, 2010, fully recognizes workers' rights to establishand join multiple unions in a single workplace which was not allowed hitherto. When the Act becoming effective from the first day of July 2011, multiple unions in a singleworkplace shall select a representative bargaining union for the purpose of collective bargainingwith the employer. The Ministry will ensure soft-landing of the new policy with active supports. For instance, it willmake sure that relevant organizations and bodies including the regional council of labor,management, government and civil society be informed of the key information and well-preparedfor the policy implementation. Policy guidelines are already distributed to workplace, labor unionsand other stakeholder.

Multiple Unions In A Single Workplace

Foreign Invested Companies (FICs) nowconstitute an important pillar of our economy,with over 18,000 registered entities as of today.This is why the Ministry holds annual LaborManagement Conference exclusively for FICs. The Conference delivers the Minister’s briefoverview on Korea’s employment and laborpolicies in his/her own voice, making it a venueof better communication and understanding forFICs.

In addition, various forums on industrialrelations for working level officials have beeninstitutionalized with sessions of Q&As,suggestions, and detailed explanation onemployment & labor policies. For example, a Working Level Conference washeld in March 2010 for Seoul Japan Clubmembers. In September 2010, IndustrialRelations Forum was held for companies fromthe US and EU to answer their queries on thePaid Time-off System and Labor Standards Actof Korea.

The Ministry have published and distributedvarious books, leaflets and other promotionaland informative materials (i.e., ‘LaborManagement Manual for Foreign Investors,’and ‘Guidelines for the Paid-Time Off System.’)in close cooperation with the KoreaInternational Labour Foundation(KOILAF). In addition, ‘Korea Labor Review,’ the Koilaf’sbiweekly English magazine, now reaches out toFICs, FIC Association in Korea, and foreignembassies in Korea via email and other on-linechannels like PCRM.

*Please visit The ministry of Employment and

Labor(www.moel.go.kr/english), Koilaf(www.koilaf.org) to

find more about Korea's employment and labor policies and

the market trends.

Supporting Labor Management of Foreign Invested Companies in Korea

<Labor Management Conference for FICs>

<Implementation of the system>

<Forum on Industrial Relations for Working Level Officials of FICs>

1) Full time union officials are those who engage only in union activities. 2) Such list of activities includes a) consulting and/or bargaining with the employer; grievance handling; and activities concerning occupational

safety, and b) maintaining and/or administrating a trade union for a sound industrial relation including but not limited to attending generalassemblies and union election voting. <Labor Management Manual for Foreign Investors>

This government is focused on creating “stable and prosperous rural and fishing village” andmaking “healthy and happy people” by making food, agriculture, forestry and fishing industry andrural and fishing village conducive to the prosperous co-existence of farmers and fishermen andthe people.

People’s trust is a fundamental asset of administration in food, agriculture, forestry and fisherysector. Organizations under the Ministry will work together and stay attuned to the voices of thepeople working in the field in the spirit of “consideration” and “warmth”, so as to garner thesupport and trust from people.

In all processes ranging from policy establishment to policy execution, the Ministry will endeavor toidentify the obstacles from the perspective of people and engage with a broad range ofparticipants of farmers, fishermen, experts and consumers in seeking out an alternative solutionand addressing the problems.

Ministry introduces main policies, activities and communicates with people with a view to devisingbetter polices in the future. Based upon unimpeded flow of information and heartfeltcommunication, the Ministry will try to bring itself one step closer to all of you.

The Korean government has been developing FOODPOLIS, a core infrastructure of our nationalfood industry. We are going to build an optimal business environment in Iksan, Jeonbuk, thebreadbasket of our nation. Transportation is convenient in all directions to help food manufacturerscreate a new value-added market. FOODPOLIS is being developed as an export-oriented clusterthrough which products will be exported to Northeast Asian countries including China and Japan.In cooperation with national food industry complexes and government-led agricultural and foodR&D institutes, we plan to raise food processing technology to a world-class level. Our productswill be exported to adjacent Northeast Asian market through the Saemangeum Port.

MIFAFF

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

MIN

IST

RY

FO

R F

OO

D, A

GR

ICU

LT

UR

E, F

OR

ES

TR

Y A

ND

FIS

HE

RIE

S

081

Ministry for Food, Agriculture,Forestry and Fisheries FOODPOLIS is an R&D- based food cluster, proactively constructed by the Korean government for

the mass food market of Northeast Asia. With the strong support of the government andmunicipalities, high levels of technology, and geared towards ensuring food safety, this cluster willrequire a large amount of land, 2,390,000m2, and will cost nearly 550 billion KRW. FOODPOLISwill grow fast as the hub of the Northeast Asian food market based on its distribution infrastructure,with connections to harbors, railroads and airports.

•Developing 2,390,000m2 for Food- specialized National Industrial Complex / Additional

development of residential and commercial sites by local governments

•Creation of a green, energy-efficient,

and R&D-oriented complex from a

manufacturing-oriented emphasis

•Optimized water supply & treatment

facilities as required by food

companies

•Inexpensive furnishing of land

The land of opportunity, FOODPOLIS

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

MIN

IST

RY

FO

R F

OO

D, A

GR

ICU

LT

UR

E, F

OR

ES

TR

Y A

ND

FIS

HE

RIE

S

083

Food & safetysupport centerFood safety assurance andquality control related tech-nologies businesses need,create safety standard fornew or potential hazardousmaterials in food products,develop application techno-lo-gies for HACCP and carr-ying out various tests

Size: 2.500m2

Staff: 38Location: FoodpolisFoundation: 2015

Food packaging& support centerConsulting service on foodpackaging, tests on foodpackaging, research ondesign & planning for enviro-nment-friendly packaging,pilot plant for prototypeproduction of food packaging

Size: 3.300m2

Staff: 10Location: FoodpolisFoundation: 2015

Food functionalityevaluation centerConduct functionality asses-sment on food and food mat-erials, clinical tests andstandardization of functio-nality assessment for food,consulting service on develo-pment og high-performance,functional food with accum-ulated knowledge and tech-nologies

Size: 2.500m2

Staff: 38Location: FoodpolisFoundation: 2015

R&D Support Center Within Foodpolis

4 Highways•West Coast, Honam, Iksan-Pohang, Iksan-Kwangyang

•Seoul(140 minutes), Incheon(150 minutes), Busan(210minutes)

Korea Train Express(KTX)

Airports•Gunsan Airport(60 minutes), Gwangju

Airport(90 minutes), Cheongju

International Airport(90 minutes),

Muan International Airport(120

minutes), Kimpo Airport(160

minutes), Incheon International

Airport(180 minutes)

Harbor•Gunsan Port(60 minutes),

Pyoengtaek Port(120 minutes),

Gwangyang Port(150 minutes),

Busan Port(210 minutes)

Export environment•Ports and airports are located

within a one-hour flight or voyage

by sea, including those in Japan,

China and Russia

Transportation Infrastructure: Major Transportation Point in Korea

FOODPOLIS is an R&D-centered cluster whichprioritizes novel food discovery studies rather than themarketing or distribution of existing food. First of all,government research organizations will move to anarea near the cluster and reinforce cooperation withR&D organizations overseas. Meanwhile, an R&D hubwill be established by setting up R&D supportcenters. Through this, a strong research anddevelopment foothold will be prepared and this will

provide integrated business support to develop competitive food production with food enterprises.With the agglomeration of R&D organizations and integrated business support systems, the clusterhub, which performs its role as a pivotal figure of a nationwide food cluster, will be established bylinking small clusters in the region.

FOODPOLIS provides integrated support for food development withR&D Service

Collaboration with Innovation City which government-run R&Dinstitutes for agriculture and food industries will be relocated to

•Crisscross of KTX in 2010

•Seoul(68 minutes), Daedeok(30 minutes)

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

MIN

IST

RY

FO

R F

OO

D, A

GR

ICU

LT

UR

E, F

OR

ES

TR

Y A

ND

FIS

HE

RIE

S

085

Within 5% of investment amount, to 10 billion KRWOffering employment subsidy and education training subsidyFederal and local tax exemption or reductionLand lease for free for 50 yearsAssignment of a manager working exclusively for each foreigninvestor

Invest in FOODPOLIS Investment companies are supportedby grants from Korea

The Ministry of Culture, Sports and Tourism promotes and develops various projects reaching thediverse areas of culture, art, tourism, sports, leisure, religion, and the press in order to enhance thequality of life and to open up the new millennium era with the power of art and culture. In thisculture-oriented 21st century, the Ministry of Culture, Sports and Tourism promises you to fulfill ourduties as the sources of information for the people by providing cultural information and listening tothe voices of the people.

We encourage you to further explore our resources and services. We appreciate your concern andinterest for the Ministry of Culture, Sports and Tourism.

Seoul’s “U-Seoul” service offers useful information alongwith fun experiences in designated booths inCheonggyecheon, Insadong and Seoul Forest. Initiallylaunched in 2008, the U-Seoul Experience Zone nowruns 365 days a year, serving as a convenient informationcenter for Seoul residents, as well as foreign visitors.The each booth location offers a variety of differentfunctions, both practical and entertaining. For instance,visitors are invited to create their own video clips, or pose

for the booth’s camera and send the pictures directly to their email. U-Seoul’s media boards havebeen installed at core tourist sites to provide essential information for travelers in English, Japaneseand Chinese, including cultural events, tourism, food and transportation. Moreover, at SeoulForest’s U-Health Park Center, visitors can undergo a basic health check including blood pressureand physical strength tests. Currently, all three U-Seoul zones are free WiFi hotspots.

Korea is being given an opportunity to show off itslatest fashion trends during New York Fashion Week.The Ministry of Culture, Sports and Tourismannounced that it is hosting the “Concept Korea2011” fashion products fair this February with theDaegu Metropolitan Government and the KoreaCreative Content Agency as part of Fashion Week events. Korean designer will participate in theshow under the theme “Cultural Treasures,” highlighting the color indigo, which has strongassociations with Korean tradition. As a part of the event, a showroom of Korean clothing brandswill be open to local buyers in the Meatpacking District from Feb. 14 to 23. Buyers will be invited tomeet with the designers in person to negotiate deals for the 200 products displayed in the unique,modern space.

A new English blog has just opened for everyone interested inKorean culture and tourism. The Korean Culture and InformationService (KOCIS) under the Ministry of Culture, Sports and Tourismrecently opened an English blog about Korean culture called “THEKOREA BLOG” to show a new, fresh side of Korea to the world.Unlike other blogs run by governmental organizations, this blog is

designed to show Korea’s true colors by introducing hidden tourism attractions around thecountry, along with delicious Korean food and great places to dine, the best spots for fashionfinds, the Korean wave and even card games like “go- stop.” To mark the opening of the blog,KOCIS is recruiting a group of 50 bloggers to join in and contribute to THE KOREA BLOG. KOCISwill select both overseas Koreans and non-Koreans in Korea and around the world, who will writeabout various cultural events and functions run by Korean culture-related organizations and Korea-related events overseas. Selected blog posts will be featured on THE KOREA BLOG.

MCST

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

MIN

IST

RY

OF

CU

LT

UR

E, S

PO

RT

S A

ND

TO

UR

ISM

087

Ministry of Culture,Sports and Tourism

Focus on supporting Korean Industries to enter the global market

Multilingual Service “U-Seoul”

“Concept Korea 2011” to Global Market

Vision

True Colors of Korean Culture by KOCIS blogs

Games, and Support for the Promotion of Games, Operation of GITISS and Further Promotion ofExcellent Game Contents

Cartoon Industry Support for Specially Planned Cartoons & Comics, Publication in Book Form to Serialization inMagazines and Launching of New Magazines, Publication of Popular Webtoons in Book Form &Commercialization and Production of Regional Culture and Contents Based-Cartoons and Comics

Character Industry Support for Development of Strategic Products with Application of Domestic Characters,Production & PR of Relevant Contents Including Flash Animation of Works Selected for theDevelopment of New Characters

Animation industry Support for Development of Global Animation Project, Theater for Works Resulting from Industry-Academic Cooperation and Production of TV Animation Series

Music Industry Hosting of “Hello Rookie Award” Event Designed to Find Best New Albums & Indie Musicians,Operation of KOCCA Music Archives

Overseas Marketing and International ExchangeSetting-up Korea Pavilions at Foreign Exhibitions, Market Exploration,Reproduction in Local Languages & Adjusting to Local Formats,Hosting of Export Plaza, Overseas Showcasesand Korea, Chinaand Japan Cultural industry Forum and Overseas Promotion ofGlobal Service Platform (GSP) & Domestic Games

Opening of Trade Fair and Support for Distribution Broadcast Worldwide (BCWW), G-star, e-Learning Expo Korea,Seoul Character & Licensing Fair and International CreativeContent Fair

Prize Giving to Contributors to Overseas Market Entry Selection and Awarding to Those who have Contributed to theDevelopment and Enhanced Status of the Korean ContentIndustry

Investment & Financial SupportOperation of Completion Bond for Contents, FinancialSupport for Loan for Broadcasting PromotionalFund, and Management ofInvestment SyndicateDedicated to Games

History

Broadcasting & Visual Content industryProduction of Broadcasting & Visual Contents such as HD Dramas, Documentaries, and TVMovies, Development of Formats for Broadcasting Programs, Co-production with ForeignBroadcasting Networks and Management of Contents Scenario Competitions & Creation Clubs

Game IndustryOperation of Global Game Hub Center, Support for Development of Game Contents & Solutions,Hosting of Symposiums, Contests for the Disabled and Support for President’s Cup NationalAmateur e-Sports Contest, Improvement of Perceptions on Games, Creation of Sound Culture for

Main Business

KOCCA Korea CreativeContent Agency

Support for Exports and International Exchange

Support of Content Production and Promotion of Creativity

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

089

KO

RE

A C

RE

AT

IVE

CO

NT

EN

T A

GE

NC

Y

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

KO

RE

A C

RE

AT

IVE

CO

NT

EN

T A

GE

NC

Y

091

Planning of Market Oriented R&DPrediction of Technology & Research on Technology Levels through Connection of Supply-Demand and Technology-Market from the Stages of Planning and Discovery & Planning of Tasksbased on Technology Roadmap & Market Demands

Development and Promotion of Culture Technology (CT)Development of Advanced Technology for Convergence Contents Necessary for Production and ServiceProviding of High Quality Contents (publicsubscription for both designated/undesignated areas)

Development of Technology for Global ProjectsHosting of CT Festivals, Technology Transfer and Commercialization

Development of Convergence Contents Development of Contents Resulting from Convergence between Industries such as VirtualRealities, Broadcasting, Computer Graphics, Medical, Education and Defense

Promotion of Contents Related to Mobile and Gadgets Promotion of Contents for Mobile Web and Open Type Mobile Platform and Development of NewBusiness Model which Connects Contents, Gadgets and Solutions

Specialized Education Service & Employment Operation of On & Offline Content Academy, Comprehensive Human Resources InformationSystem and SME Youth Internship, Hosting of Broadcasting & Entertainment Job Fair, Support forAcademic - Industrial Cooperation & Global Education and National Technical Qualification Testingon Games

Improvement of Distribution Environment Establishment of UCI (Universal Content Identifier), Activation of Digital Content Transaction &Quality Certification System, Discovery & Awarding of Local Promising Digital Contents,Encouragement of Industrial Application of Contents Owned by Public Organizations andFacilitation of Distribution of Domestic Animations

Infrastructure Support Operation of Content Production Center (DMS, Broadcasting Institute), Strengthening ofInfrastructure for Production of Independent Production Companies and Setting-up of ThemePavilion for Domestic Characters

Conducting Survey and Research Ranging from Industrial Analysis to Improvement ofLegal Systems and Mid-long Term Strategies Providing of Index for Establishmentof Policy & Strategy through Providing Industrial Statistics,Analysis, and Predictions of the Content Industry, Publication of White Paper on Cartoons &Comics/Animation/Character/Music Industry/Broadcasting Industry/Game and Policy Support forImprovement of Legal System in Relation to the Content Industry

Development and Promotion of Culture Technology(CT) & FutureConvergence Content

Infrastructure Building for the Content Industry

Policy Development and Survey & Research

Organization

Location

Overseas Offices

- Address : Korea Creative ContentAgency, 250-15 Sangam-dong road(1602Sangam-dong), Mapo-gu, Seoul, Korea (Postal code : 121-270)

- Phone : 82-2-3153-1114

- Fax : 82-2-3153-1115

KOCCA USA (LA) : 1-323-935-2070KOCCA China (Beijing) : 86-10-6501-9971KOCCA Japan (Tokyo) : 81-3-3513-4870 KOCCA Europe (London) : 44-20-7016-3333

The vision of the Ministry of Justice of the Republic ofKorea is establishing law and order and creating a safesociety free from crime.

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

MIN

IST

RY

OF

JU

ST

ICE

093

The vision of the Ministry of Justice of the Republic of Korea is establishing law and order, and

creating a safe society free from crime.

The Ministry is responsible for enacting and amending laws including the civil and commercial

codes related to business activities. Its responsibilities also include maintenance of law and

institution, and the opening of legal services market.

In particular, the Ministry directs and supervises the Public Prosecutors’ Offices, in charge of

personnel management of prosecutorial officials.

The Ministry is also responsible for accommodation, treatment and parole of criminals as well as

probation services, such as keeping track of offenders through electronic ankle bracelets and

enforcing community service orders.

Moreover, it develops and implements human rights policies, and provides support for victims of

crime. Lastly, it deals with immigration and residency issues such as visa issuance and

immigration inspection.

One of the most common complaints from the foreign business community is the fact that thereare too many rules and regulations that prohibits starting businesses, which is not suitable forKorea’s economic strength. According to a recent study surveying 77 CEOs of foreign companiesin Korea by the Institute of Global Management, about 44% of the respondents pointed out that“ease of business-related regulations” is a top priority. In order to address the difficulties of startingbusiness in Korea, the Ministry took steps to reduce cost and to streamline procedures required toset up a firm by revising the commercial code. The amendment includes the annulment ofminimum capital requirement, the exemption from obligations that ask to notarize articles ofassociation and meeting minutes for small-sized companies, and also the exemption fromobligatory appointment of an auditor in small-sized companies. As a result of the Ministry’s robust efforts, this year, the World Bank ranked Korea 53rd out of 183countries for “starting a business”, which is an 80-tier increase from the previous year.

Reinforcement of Legal Support to Invigorate Corporate Activities

1. Simplifying Establishment Process

The Ministry has made efforts to minimize disputesettlement costs which is a major concern to the businesscommunity. While the OECD average duration of enforcing acontract is 462.4 days and the average cost is 19.2% ofclaim value, the average duration of enforcing a contract inKorea is 230 days and the average cost is 10.3% of claimvalue. This demonstrates how fast and affordable it really isto settle disputes in Korea. According to World Bank's Ease

of Doing Business Rankings 2010, Korea ranked 5th in “Enforcing a Contract”, which proves thegreat efficiency of the Korean dispute settlement system.

2. Providing Low-Cost and Speedy Litigation and Executions

The Ministry of Justice introduced an electronic shareholders’ meeting system by revising theCommercial Code to digitalize business management in Apr. 2009. The new system has been putto use in the shareholders’ meetings, starting from the second half of 2010. Korea has touted itselfas an IT powerhouse, and in particular, it leads the world in high-speed Internet penetration andPC distribution. The new system which incorporates Korea’s IT prowess into businessadministration to simplify shareholders’ meeting procedures, enables shareholders to cast a voteonline which eliminates the need to attend the shareholders’ meeting in person, and to sendelectronic documents such as proposal, notice of convocation via e-mail.

3. Digitizing Business Management

The Act on the Use of Electronic Documents in the Civil Proceedings, etc. enacted in April 2010enabled the litigant parties to submit and receive complaints and documentary evidence online.Also, case file tracking is available on the Internet. These measures reduced cost, shortened thelength of proceedings and made proceedings fairer and more transparent. They will be enacted,starting from patent proceedings in 2010, civil proceedings in 2011, and administrativeproceedings in 2012. Foreign investors are likely to have a keen interest in what our laws state andhow the laws and rules are applied in reality. However, due to the lack of information on Korea’sjudicial system as well as language barriers, foreign investors have had trouble accessing andunderstanding general information of Korea’s legal system.

4. Introducing Electronic Document System

MOJ Ministry of Justice

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

MIN

IST

RY

OF

JU

ST

ICE

095

As for the opening of the Korean legal services market through FTA negotiations, openness andintegration are a common global trend. Korea has been very active in concluding FTAs. At present,five FTAs are in effect, FTA negotiations with two countries have been concluded, and eight FTAsare under negotiation.

Opening the Legal Market through FTA Negotiation

1. Current Status of FTA Negotiations

One of the biggest concerns that the foreign business community has is the rule of law in the realmof labor relations. Labor unrest must no longer be an obstacle to foreign investment. The Ministrysticks to a so-called zero-tolerance principle, whereby illegal, violent strikes and political strikes thathave nothing to do with working conditions are no longer tolerated. In particular, the Ministryimposes both civil and criminal punishment forpublic damages incurred by illegal strikes. Assuch, we are striving to stop the vicious cycleof illegal actions and to strengthen rule of lawin labor relations. The Ministry will continuouslydo its utmost effort to protect foreignbusinesses from illegal strikes in Korea.

Law Enforcement Consistent with Laws and Principles

1. Rigorously Dealing with Illegal Strikes

In order to ensure legitimate union activities and prohibit users from paying wages to full-time unionofficials, the Korean government has implemented a so-called “Time Off” system since July 1st2010. In the past, although the labor union had to pay wages to full-time union officials, employersbore the cost. To improve this situation, the Trade Union and Labor Relations Adjustment Act wasamended on January 1st 2010, based on a tripartite agreement established among laborers,managers and the government so that employers are prohibited from paying wages to full-timeunion officials.

2. Establishing Sound Labor Relations

Staged improvements that are agreed upon in the Agreements, such as the KORUS FTA andKorea-EU FTA are: First, immediately after the enforcement of Agreements, Korea will allow foreignattorneys to provide legal advisory services concerning foreign law in Korea. Second, no later thantwo years after the date on which the Agreements are enforced, Korea will allow foreign legalconsultant offices to enter into specific cooperativeagreements with Korean law firms. Third, no later thanfive years after the date on which the Agreements areenforced, Korea will allow foreign law firms toestablish joint venture with Korean law firms and toemploy Korea-licensed lawyers as partners orassociates. Among all of the FTAs Korea has signedso far, Korea has provided the third stage ofopenness only to the EU and the US.

2. Phase-in Additional Opening of Legal Market

Time Off Limit Use Process

Time-off Deliberation CommitteeMinistry of Employment & Labor

Deliberation & notice of Time-off limit

Labor Union

Prior notice of Time-off hours andlist of those given work

exemption hours

Employees given workexemption hours

Performing Time-off work Approval of Time-off for each

case Annual or fixed term basisDecision on Time-off limit

Parties to Labor / Management

➡ ➡ ➡

Intellectual Property Rights (IPR) Protection isalso an area of foreign investors’ particularinterest. In a knowledge-based economy,raising the IPR protection standards to a levelthat meets global standards is necessary asknowledge is an important asset thatdetermines value of goods and services, and itis a means of production. In particular, theMinistry has conducted an intensivecrackdown on IP criminals led by the “IPRProsecutor Department” in 26 PublicProsecutors’ Offices across the country. IPinfringement has moved from off-line to online,

Protecting Corporate Intellectual Property Rights

1. Increased IP Enforcement

Since May 2009, the Ministry has published 34 major Korean laws such as civil and commerciallaws and litigation laws for foreign investors in English on its web site, and regularly updated themupon amendment. As the Ministry is providing this service free of charge, foreigners can visit theMinistry’s web site at moj.go.kr to view such legal information. Furthermore, in July 2010, the Ministry launched a quarterly English legal magazine titled “RecentTrends of Law & Regulation in Korea”. This is the first ever English legal magazine published by thegovernment. The magazine contains information on reasons and details of enactment andamendment of Acts related to business and investment, as well as case laws of the SupremeCourt and the Constitutional Court on such Acts. Italso provides detailed information onintellectual property rightsprotection efforts and key policiesfor foreigners that the Ministry ofJustice has pursued. The Ministryplans to publish this magazinequarterly so you can download it fromthe Ministry's web site. If you wish tosubscribe, please call 02-2110-3661.The Ministry will send you the magazinefor free. We encourage any interestedparty to use this service.

5. Making Legal Information More Accessible

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

MIN

IST

RY

OF

JU

ST

ICE

097

The Ministry has launched a campaign called“Let’s Clean Up” to protect copyright inpartnership with seven Internet portal sites inKorea since January 2009. Through the campaign, the Ministry educates thepublic on what copyright is and why it must beprotected and introduces copyright infringementsthat people can unknowingly commit as well as itsprevention measures. In addition, the Ministry haslaunched an IPR promotion campaign via newmedia such as smart phones, so that the general

public can naturally recognize the importance of copyright protection. The Ministry has providedfree “info-tainment” application “Play with Law” containing an IPR quiz for smart phone users sinceApril 2010, in order to raise public awareness in copyright protection. This free application hasbeen so well-received by the public that it ranked second among free applications, and first in the“lifestyle” category, as measured by download counts in just three days since its commencementof service.

2. Raising Awareness in IPR Protection

A revised Nationality Act will go into effect in January 2011.Prior to the amendment, foreigners with Korean nationality wererequired to abandon their own nationality within six months ofobtaining Korean nationality. Thus, even long-term foreignresidents were reluctant to acquire Korean nationality. However,

under the revised law, citizens with multiple citizenships are permitted to hold de facto multiplecitizenships if they take an oath not to exercise rights of foreign nationality. By legalizing multiplecitizenships for foreigners, the Ministry removed a major obstacle that has blocked foreign talentsfrom acquiring Korean citizenship. In addition, it relaxed naturalization requirements by removingthe five-year residency requirement for foreign professionals.

3. Improving Nationality System to Attract Foreign Talents

The Ministry offers faster and more efficient travel for businesspeople by creating fast track entry and exit lanes at airports.Under the scheme, the Ministry allows foreign investors,financial investors and executives and employees of foreignchambers of commerce in Korea to use the entry and exit laneswhich were previously used only by diplomats at the airport, so

that they benefit from faster immigration processing upon arrival. Currently, four unmannedimmigration checkpoints are available at the Incheon International Airport, and several more at theGimhae, Gimpo and other airports. According to statistics, a total of 116,902 foreigners have usedthe lanes as of June 2010. Since August 25 2010, the Ministry has allowed foreign nationals to usethe auto-gates which had previously been available only to Korean people aged over 17. Underthis new measure, a total of 20 auto-gates have been installed at the Incheon International Airport.Foreigners who have resided in Korea for more than three years after receiving permanent residentstatus, or have resided for more than a year after investing more than two million dollars in Koreawill benefit from unmanned immigrations inspection.

2. Express Immigration Inspection Lanes in Airport

In February 2010, the Ministry took a step in simplifying invitation procedures for long-termresidents in order to minimize inconveniences when employing foreign professionals. In the past,foreigners had to visit embassies in person to apply for visa, but in order to remove suchinconvenience, the Ministry introduced an online application for a certificate that confirms visaissuance through HuNet Korea, an Internet-based visa application system. This online applicationseeks to attract more foreign talents by simplifying the procedures- applicants can receive their visaimmediately after being granted visa nomination numbers. This measure reduces the time it takesto issue a visa to three days by eliminating the obligation of corporate-related documentssubmission such as employment contracts. Moreover, since May 2010, the Ministry has streamlined the invitation process for short-termvisitors such as foreigncorporate buyers. It enabledthem to obtain C2 visas withjust invitation letters issued by acompany, which makes shortstays by business people a loteasier. With the short-termbusiness visa, foreigners cannow stay in Korea for up to 90days regardless of their travelschedule.

Streamlining Immigration Procedures to Attract Foreign Talents

1. Simplifying Visa Process for Foreign Investors

The G20 Seoul Summit has kicked off its countdown. Korea, as the chair country, is the focus ofworldwide attention for taking initiatives regarding the economic growth of developing nationsincluding the Global Financial Safety Net, and the issue of development which has never beendiscussed at previous G20 summits. The observance of law and order is one of the most crucial factors that will determine theSummit’s success. It will help Korea notch up its national status in the international community.To this end, the Korean Ministry of Justice has made various efforts since it declared the year2010 as the starting year of advancement of law and order. It set up task force for law and orderadvancement, and signed MOUs with as many as 16 metropolitan governments. The Ministry isalso leading a movement to firmly establish law and order, in partnership with privateorganizations such as National Agricultural Cooperative Foundation, Korea Football Association,Korea Saemaul Undong Center, Korea Federation of Small and Medium Business, and TheSociety for a Better Tomorrow. Meanwhile, having started movements on law and order, the Ministry has displayed suchcapabilities in creating a “Law-Loving Supporters for a Successful G20 Summit” on Sep. 28, 2010.Immediately after its establishment, the Supporters launched extensive law and order campaignsand volunteer work.

Establishing Law and Order

and the sales of counterfeit or pirated goods over the Internet is growing in scale.To prevent online piracy, the Ministry is combating against hard disk companies and onlineshopping malls which are prominent distribution channels for illegal goods by constraining thesupply chain and identifying and tracing the source of piracy.

In 2011, the MOU will continue to emphasize the importance of holding on to the followingprinciples in promoting inter-Korean relations.

•First, denuclearization of North Korea is the most important principle in the ROK government’spolicy toward North Korea. North Korea’s nuclear program is a stumbling block not only inadvancing inter-Korean relations, but also in facilitating North Korea’s own national development.This makes resolving the nuclear problem our top priority.

•Second, the ROK will pursue sincere dialogue and cooperation between the two Koreas basedon mutual respect. The ROK government will not tolerate any further provocation by NorthKorea. Instead of providing unilateral assistance to the North, the ROK government will exploreinter-Korean relations based on the principle of reciprocity and mutual cooperation.

•Third, the ROK government will advance inter-Korean relations based on humanitarianism anduniversal human values and promote reunion of separated families, repatriation of Korean Warprisoners and post-war abduction victims, and improvement of human right situations in NorthKorea.

North Korean nuclear problem, the most serious threat to peace on the Korean peninsula. Toresolve this problem, the government has proposed the Vision 3000 initiative. Under the initiative,the ROK government, together with the international community, will offer assistance to the Northwith the aim of raising its per capita income to US$3,000 within ten years, if North Korea decidesto abandon its nuclear program. Nevertheless, North Korea continues to develop nuclear weaponsand make military provocations against South Korea and the rest of the international community.

Under such circumstances, the MOU has set the following three policy goals for 2011:

•To induce positive changes in North Korea

•To get inter-Korean relations back on the right track

•To prepare for national unification based on a public consensus

Basic Principles

•We will strive to make North Korea choose the path of denuclearization and peace instead ofnuclear armament, opt for opening up instead of isolation, and put the welfare of its peoplebefore the success of the “military-first” policy.

•We will make active efforts to achieve irreversible denuclearization of North Korea. If inter-Koreandialogue resumes in the future, the ROK will try to direct the bilateral discussions to reach abreakthrough in solving the nuclear problem. We hope that the two Koreas will discuss the“grand bargain” as a way to make such a breakthrough. The “grand bargain” is acomprehensive deal that would provide North Korea with a concrete security assurance andlarge-scale international assistance in return for the abandonment of core components in itsnuclear program.

Eight Key Policy Tasks in 2011

The Ministry of Unification (MOU) was established as a government body responsible for handlingrelations between South and North Korea, reflecting the unique reality on the Korean peninsulawhich remains divided since the end of the Korean War.

In the 1960s, public interest and discussions on unification issues sprang up in various sectors ofKorean society. The government felt the need to listen to such public opinions and set up aconsistent unification policy under an institutional framework. Subsequently, the Ministry ofUnification was established in 1969. Throughout the following decades, the MOU has expanded itsresponsibilities and organization as public desire for peaceful unification grew stronger.

About the Ministry of Unification

The MOU collects public opinion, oversees and coordinates the Republic of Korea’s policy towardNorth Korea, and establishes and implements mid-term and long-term policies toward NorthKorea. It is responsible for establishing policies on dialogue, negotiations, exchanges andcooperation between the two Koreas, as well as humanitarian assistance to North Korea. TheMOU is also charged with the task of promoting public awareness on national unification andproviding public education on North Korea and other unification-related issues.

Major Responsibilities

The Republic of Korea pursues peaceful unification of the two Koreas so that all 74 million Koreans,both in the South and the North, will be able to enjoy freedom, human rights and happiness undera liberal democracy. To this end, the ROK government will strive to restore the homogeneity of theKorean nation by establishing an inter-Korean community and make efforts to lay the institutionalfoundations for national unification. We believe that an inter-Korean community can be built by firstsecuring peace on the Korean peninsula and, based on that, continuously expanding dialogue,exchanges and cooperation between the two Koreas.

In his Liberation Day speech on August 15, 2010, President Lee Myung-bak proposed unificationinitiatives based on the creation of three inter-Korean communities: peace, economic and national.In pursuing its North Korea policy, the Lee administration places a top priority on resolving the

Objectives of Our North Korea Policy

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

MIN

IST

RY

OF

UN

IFIC

AT

ION

099

“Get Inter-Korean Relations Back on the RightTrack and Prepare for National Unification Basedon a Public Consensus”

Ministry of Unification

1. Inducing fundamental changes in North Korea

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

MIN

IST

RY

OF

UN

IFIC

AT

ION

101

•First, we will maintain the measures against North Korea announced on May 24, 2010 to promptNorth Korea to take responsible measures regarding its attacks on the ROK naval vesselCheonan and Yeonpyong Island.

•We also believe that any “proper” inter-Korean dialogue must first deal with top priority issuespending between the two Koreas.

•We will actively respond to North Korea’s verbal assaults and slander against our governmentand our president to make the North stop its propaganda against the South.

2. Calling on the North Korean authorities for greater responsibility andsincerity

•In 2011, the government will increase its efforts to improve the human rights situation in NorthKorea by passing a North Korean human rights act and expanding government support forhuman rights groups, both at home and abroad.

•We will also increase transparency in providing humanitarian aid to North Korea to make surethat it is delivered to the people in need.

3. Building policies focused on North Korean people

•We will come up with specific plans to finance national unification.

•We will start a public campaign to create a consensus on the need to prepare for nationalunification and foster human resources for this cause.

•The Ministry of Unification will introduce a system for a more accurate analysis North Koreansociety. The new system would be based on an “integrated information database” and an indexto better assess stability and predict changes in North Korea.

•We will broaden international support for peaceful unification of the two Koreas.

4. Making preparations for national unification

•We will make every effort to make family reunions a regular event.

•We will continue our efforts to resolve the issues of prisoners of war and abductees.

•To fundamentally resolve such humanitarian issues, the government will actively promotehumanitarianism based on mutual cooperation.

6. Actively resolving humanitarian issues

•We will place top priority on increasing the number of jobs for North Korean refugees to helptheir smooth and successful integration in our society.

•We will start “hope projects” which extend micro loans to North Korean refugees to help themstart small businesses and shops, and open a “24-hour counseling center” to help themovercome various difficulties.

7. Providing “Hope” for North Korean refugees

•To build a national consensus on unification, we will hold town-hall meetings across the nation todirectly engage the public in open discussions.

•We will start a “unification programs” on cable TV and the Internet to help the public understandthe reality in North Korea better and help them develop sound perspectives on various unificationissues.

•We also plan to monitor public opinion constantly and incorporate them in government policies.

8. Building national consensus through expanded communications

•Our main objective in reforminginter-Korean trade system is topromote fair and transparent tradebetween the two Koreas.

•In promoting the GaeseongIndustrial Complex, the ROKgovernment will make the personalsafety of its citizens a top priority.

5. Reforming institutional framework for inter-Korean cooperation andexchanges

An international conference on North Korean human rights

GIC trucks waiting in line before crossing the inter-Korean border at the Inter-Korean Transit Office

∙Total number of tenant companies in operation: 121- textile, garment and leather: 71 - machinery and metal works: 22- chemicals: 9- others: 19

∙Total number of North Korean workers employed: 45,332 - Average monthly wage per person: US$100.3 (including net wage ($90) and

social insurance ($10.3))∙Total production from January to November 2010: US$294.21 million

Facts about the GIC (as of November 2010)

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

MIN

IST

RY

OF

UN

IFIC

AT

ION

103

Unification Policy Office•To establish and coordinate unification policies

•To establish post-unification policies and preparatory

measures in case of emergency situations

•To make case studies on integration process of other

divided nations

•To survey, analyze and evaluate public opinion on

national unification

•To set up and coordinate programs concerning

humanitarian issues

•To establish and coordinate policies for separated

families

•To establish and coordinate policies for dislocated

North Koreans settled in South Korea

Intelligence and Analysis Bureau•To collect the information on North Korea and

publicize related materials

•To research and analyze current states of North

Korea in political, economic and social fields

•To operate the Information Center to offer a variety of

North Korean related materials to the public

Inter-Korean Exchanges andCooperation Bureau•To establish and coordinate policies regarding inter-

Korean exchanges and cooperation

•To handle, creation, spending and operation of inter-

Korean Cooperation Fund

•To establish and coordinate policies on social and

cultural exchanges and cooperation on humanitarian

programs

Inter-Korean Cooperation DistrictSupport Directorate•To support working-level consultation and contact

for economic exchanges and cooperation

•To consult activities to promote trade and investment

•To support communications for inter-Korean trade

Special Office for Inter-KoreanDialogue•To develop strategies for inter-Korean talks

•To operate inter-Korean talks

•To provide support for contacts and talks between

the two Koreas

•To collect, analyze and keep data on inter-Korean

dialogue

Education Center for Unifications•To train and educate experts and teachers

specialized in unification issues and public

awareness education

•To educate government officials and members of

public institutes and social organizations in

preparation for unification

•To provide education and PR programs to obtain

broader support for unification policies at home and

abroad

•To study ways of educating on unification issues and

their public promotion matters

Inter-Korean Transit Office•To manage, plan and coordinate issues related to the

operation of inter-Korean railroads and roads

•To set and improve systems related to entry and exit

to/from North Korea

•To receive, confirm and notify plans for entry and exit

to/from North Korea

•To receive and confirm the approval form on

equipment operation, exchanges of goods and people

to/from North Korea

Settlement Support Center for NorthKorean Refugees (Hanawon)•To provide social adjustment education and

vocational training for dislocated North Koreans

under protection

•To supervise and oversee daily lives of dislocated

North Koreans under protection

•To assist dislocated North Koreans in obtaining legal

status and assimilating into local communities

•To provide dislocated North Koreans with financial

support for resettlement

Inter-Korean Economic CooperationConsultation Office•To support economic exchanges & cooperation and

expansion of direct transactions between the two

Koreas

•To make contacts and working-level consultations

with North Korea on bilateral exchanges &

cooperation in the economic area

•To facilitate and support activities to promote inter-

Korean trade and investment

Abductee Support Directorate•To conduct fact-finding studies on South Korean

abductees

•To make appeals against deliberation

•To manage and assist repatriation of abductees

staying in the third countries

The Ministry of Unification strives to enhance the international community’s understanding andawareness of major issues on the Korean peninsula and to expand international support for theROK’s policy toward North Korea by engaging in various promotion activities.

The Minister, Vice Minister, and other seniorofficials of the MOU frequently meet with foreigngovernment officials, lawmakers and expertsvisiting Korea, and MOU officials visit variouscountries, including the United States, China,Japan and Russia to exchange views on majorissues regarding the Korean peninsula.

In 2010, the MOU newly launched the Korea VisionForum, a public event participated by a number of

prominent scholars from key countries, and the Korea Global Forum, a 1.5 track multilateralconference on Korean issues. These two international forums will be held annually to facilitatedebate on Korean peninsula issues at home and abroad.

In addition, the MOU signed a memorandum of understanding with the German Federal Ministry ofthe Interior, which is responsible for rebuilding the former East German states, to have regularpolicy consultations on the matters related to German integration. The bilateral memorandumhelped the Ministry learn from Germany’s experience on national unification and integration in amore systematic way and thereby develop a unification model suitable for the Korean peninsula.

International Cooperation

1. Population*

Unit North Korea South Korea

Comparison of Key Statistics between South and North Korea

2. Economic Growth Rate3. Nominal Gross National Income4. Per Capita Gross National Income

Total TradeExportImport

Coal ProductionElectricity Capacity

Electricity ProductionCrude Oil ImportsGrain ProductionRice Production

FisheryIron Ore

Nonferrous MetalAutomobilesCrude Steel

CementFertilizer

Chemicals and TextileRailways (Total Length)

Roads (Total Length)Cargo Handling Capacity at Ports

Ships

5. External Economy

6. Energy

7. Agriculture and Fishery

8. Mining

9. Major Industrial Products

10. Social Overhead Capital

Organization and Key Responsibilities

Participants of the Korea Global Forum 2010

million people 24.06 48.74

(As of the End of 2009)

(Source: Statistics Korea, Major Statistics of North Korea in 2010)

*South Korean figures are based on population projections made in November 2006, while those for North Korea comes from projections based on the 2008 census.** This is the official exchange rate announced by the North Korean authorities.

% -0.9 0.2US$ billion 22.4 837.2US dollars 960 17,175US$ billion 3.4 845US$ billion 1.1 845US$ billion 2.4 845

[North/South Korean]won/dollar 100** 1,276Exchange Rate

million tons 25.5 2.5million kW 6.9 73.4billion kWh 23.5 433.6million bbl 3.8 835.1

million tons 4.1 5.5million tons 1.9 4.9

thousand tons 663 3,182thousand tons 4,955 455thousand tons 398 1,038thousand cars 4 3,513

million tons 1.25 48.57million tons 6.12 50.12

thousand tons 466 2,558thousand tons 30 1,350

km 5,242 3,378km 25,854 104,983

million tons 37.0 800.5million tons 0.84 13.92

LOCALGOVERNMENT

INVESTMENT GUIDE

INVESTMENT GUIDE MAP

182page

114page

168page

160page

152page

150page

146page

192page

120page

198page

176page

106page

186page

144page

136page

128page

206page

SEOUL METROPOLITAN GOVERNMENT

BUSAN METROPOLITAN CITY

DAEGU METROPOLITAN CITY

GWANGJU METROPOLITAN CITY

JEOLLABUK-DO

JEONBUK DEVELOPMENT CORP.

GANGWON PROVINCE

CHUNGCHEONGBUK-DO

GYEONGSANGBUK-DO

JEJU SPECIAL GOVERNING PROVINCE

CHANGWON CITY

GOYANG CITY

NAMYANGJU CITY

GANGNAM-GU

YEONGCHEON CITY

106114120128136144146150152160168176182186192

Welcome to Seoul, one of Asia’s most dynamic cities. The capital of South Korea, Seoul isbusiness-friendly and optimizes its ideal location in the heart of Northeast Asia. It is home to highlycapable human resources, a favorable investment environment, cutting edge public systems andinfrastructure, as well as unique culture and art. Seoul is definitely a vibrant metropolis wherepeople from all walks of life and cultures can peacefully, happily, and safely coexist.

SeoulMetropolitan Government

• The Economic Center of Northeast Asia Northeast Asia represents one of the world’s 3 primary economic blocks and accounts for 1/4 ofglobal population and 1/3 of global GDP. Located at the core of this dynamic center of commerce,Seoul is well-connected to nearly all major cities in the region, an area home to over 2 billionpeople.

• Korea - the World No. 7 Trading NationIn 2010, Korea recorded US$467 billion in export and US$426 billion in import, making it theworld’s 7th biggest trading nation. To this end, the Korean government has taken great strides tonurture the country’s knowledge and technology-based industries. Serving as a world leader inmarket share for semiconductors, mobile phones and displays, Korea also continues to take theupper hand in shipbuilding, petrochemical, automobile and steel industries.

• State-of-the-Art Airports, Ports and Rail System Located just a short distance away from Seoul, Incheon International Airport ranked first in servicefor the past six years and second in logistics and transportation, as well as Incheon Port and otheradvanced transportation and logistics infrastructure, make the capital region a major regionallogistics hub. In 2004, Korea became the 5th nation in the world to introduce a high-speed train -the KTX - enabling commuters to travel from Seoul to the rest of the country within 3 hours.Seoul’s nine subway lines crisscross the city like a spider web with over 312.5 km of track. World-class in terms of safety and effectiveness, Seoul’s subway was recognized by the UITP for bestpolicies in 2005, and the systems and corresponding technology have now been exportedoverseas to cities like Beijing, Istanbul and Kuala Lumpur.

• Information Technology Powerhouse In the World e-Government Rankings conducted by the United Nations Division for PublicAdministration and Development Management and the American Society for Public Administration,Seoul took the top spot four times in a row for integrating information technology (IT) into itsadministrative systems. As a result, world-renowned IT companies now choose Korea as a globaldigital test bed to showcase their cutting-edge products and determine potential marketability.

• Unmatched Educational Aspiration and AchievementKorea’s educational zeal is well known, as spending on educational institutes against GDP isranked second among OECD countries. More than 40% of Seoulites have a bachelor’s degree,and 54 universities in Seoul produce 35,000 graduates with master’s and Ph.D. degrees everyyear. Seoul is also home to about 75,000 highly skilled workers in 2,477 R&D centers.

• Hard-Working and Highly Skilled Human ResourcesKorea’s growth rate in labor productivity is ranked second among OECD countries and first in theworld in patent productivity. In addition to science- and IT-related sectors, Korea’s success in itsworld-renowned shipbuilding, electronics and rapidly growing automobile industry are a directresult of the high-level skills possessed by the Korean workforce.

The Investment Environment

Seoul where business.... works!

MARKET

INFRASTRUCTURE

HUMAN RESOURCES

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

SE

OU

L M

ET

RO

PO

LIT

AN

GO

VE

RN

ME

NT

107

• Abundant Green Space Bordered by Bukhan Mountain to thenorth, Gwanak Mountain to the south,and with the mountain known as Namsanlocated right in the middle of the city,Seoul is a truly green city that is dividedby the mighty Han River. Officially, 27% ofSeoul is “green” while 1,953 parks serveas venues for rest, relaxation and anescape from everyday life for residentsand visitors to the city.

• Vibrant Year-round Urban CultureSeoul provides its residents with a secure and convenient environment featuring well-equippedhospitals, banks capable of international transactions of every kind, hypermarts, and a wide arrayof restaurants serving nearly every type of food under the sun. Furthermore, various cultural eventsincluding the Hi! Seoul Festival fill the city with energy all year round. This strong base of culture andsports infrastructure remains from the foundation which was laid prior to Seoul’s successful hostingof the 1988 Summer Olympics and memorable co-hosting of the 2002 FIFA World Cup withJapan.

• Top-tier Services for Foreign Residents and Visitors Seoul proactively supports the establishment of international schools to create a more favorableeducational environment for children of foreign residents. At present, additional accommodationsare being built to provide more housing options for the foreign community. Further improvementshave been made to the city’s living environment, and affordable medical services with interpretationservice are now available.

Home to facilities for the development, production and distribution of digital media content

• Project OverviewPrior to the start of the 2002 FIFA World Cup, the Seoul Metropolitan Government developed thearea surrounding Seoul’s World Cup Stadium as a future-oriented new urban center called SangamNew Millennium City under a theme promoting the importance of an eco-friendly environment.As part of this ongoing initiative, the core project, Digital Media City(DMC), has been tabbed as theworld’s first media complex solely for the digital content sector and will thus spur furtherdevelopment of new growth engines for Seoul.

• Current StatusAs of January 2011, approximately 84 percentof the land within Digital Media City has beenparceled out, with 45 percent of the buildings- more than 23 to date - being completed. Todate, large well-established Koreancompanies and media content businesses/institutions including LG, KBS Media andKorea Creative Content Agency have locatedin New Millennium City and have beensuccessfully pursuing their businessoperations alongside such foreign companiesas Trump Korea.

• Seoul LiteSeoul Lite, a 640-meter skyscraper will be builtas the Digital Media City's landmark and afuture-oriented, environmentally friendlysymbol representing Seoul. This mega projectwith a total estimated cost of KRW 3,3trillion(about US$3 billion) is to be completed in2015. Seoul Lite is expected to create 86,000jobs, KRW 11 trillion in added production andKRW 2 trillion in added value.

DIGITAL MEDIA CITY (DMC)

Seoul Global Center

First opened in 2008, the Seoul Global Center (SGC)helps non-Korean residents of Seoul enjoy a rewardingand trouble-free life in Korea’s capital city by providingservices including business consulting and support,general information on the local living environment,cultural exchange programs and assistance for migrantworkers, just to name a few. To assist the mission ofthe Seoul Global Center, Global Village Centers havebeen established in seven areas with high concentrations of foreign residents, thus enablingthem to receive SGC services in their own backyard.

• Multilingual Consultation • Cultural Exchange and education programs

• Comprehensive Administrative Services • Business support Services

Contact | 3F Seoul Press Center, 25 Taepyeongno 1(il)-ga, Jung-gu, Seoul, 100-750, Korea

Tel 1688-0120 Homepage http://global.seoul.go.kr

Investment ProjectsLiving Environment

Business Entity Seoul Lite Tower Co., Ltd.

Period 2009~2015

Location F1 and F2 sites in the DMC Complex

Scale Height: 640m - No. 2 in the world

(133 floors above ground, 9 floors below ground)

Total floor area 724,675m2 - No. 1 in the World

Facilities Business center, office, hotel,

shopping mall, restaurents,

residence, aquarium, etc.

Building Density 1,000%,

Floor space indexBuilding coverage ratio 60%

Location Sangam New Millennium CitySangam-dong, Mapo-gu, Seoul

Area 569,925m2

Project Period 2002-2014

Target Sectors ▶Media and Entertainment-related Industries:

Television, film, animation, games, music, digital

education▶Software and IT-related services

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

SE

OU

L M

ET

RO

PO

LIT

AN

GO

VE

RN

ME

NT

109

• Digital Media Street (DMS)Located within the boundaries of Digital Media City is Digital Media Street(DMS), the world's firststreet embracing a so-called “ubiquitous” setting. The Digital Media Street will showcase andimplement products from the research efforts of DMC tenant companies, serving as a test bed forstate-of-the-art new technologies. The Street will materialize the vision of a futuristic cityaccommodating cutting-edge technologies.

• Business OpportunitiesPotential opportunities to maximize Digital Media City is twofold: The purchase of a business site orrental of office space within DMC. At present, 9 lots in High-Tech Function Area and CommercialFunction Area are available for purchase. The supply notice is available on DMCwebsite(http://dmc.seoul.go.kr) and Korean and English newspapers when it is issued.And those with interest in renting office space may refer to the DMC website(http://dmc.seoul.go.kr).

Future-oriented hi-tech R&D cluster

• Project OverviewSeoul Metropolitan Governmentattempts to take the lead in thiscompetitive era of globalization bytransforming Magok into a global eco-friendly knowledge-based industrycluster where advanced technologyand international business coexist.There are two different sections of theMagok District: the first section iswhere international business districtwill be built. And in the secondsection, a hi-tech industrial complexwill be developed to serve as a globalR&D hub. The whole construction isset for completion by 2030.Infrastructure including road, water supply, and sewer systems is set to be put in place by 2012.By 2015, 80%of the land (269,000m2)within the District will be either parceled out or developedaccording to SH Corporation`s development plans. Magok District will play a crucial role inestablishing an IT/BT/GT/NT cluster.

• A New Future City ModelThe Magok Development Project will take Seoul to the next level by creating a hi-tech industrialcomplex, an international business district, and housing complex. Also, promoting the growth ofsouthwestern Seoul, it will become the new future city model-the city that reduces energyconsumption, the green city that is environmentally friendly, the 3D city that utilizes undergroundspaces, the interactive city that integrates knowledge and information, the ultramodern city thatconverges with technology, and the U-City that evolves with its citizens.

• The R&D Hub of Greater Seoul AreaMagok is located a short distance from Seoul's industrial clusterslike Seoul DMC, Guro Geumcheon Digital Industrial Complex,Gangnam Venture Valley, Yongsan International Business District,Gongneung-dong, and NIT Technopolis. Thus, it will be able tofunction as a R&D hub that connects Seoul and westernmetropolitan region. In addition, the Incheon International AirportRailroad allows a quick and convenient access to downtown Seoul.

• Business OpportunitiesSites for R&D, GT, BT, and IT will be available at affordable prices from the second half of 2011.

A new and innovative center for business In Northeast Asia

• Project OverviewSeoul aspires to emerge as an Asian financial center by attracting world-renowned global financialcompanies. To this end, the Seoul Metropolitan Government is pursuing the International FinanceCentre Seoul (IFC Seoul) project as a top priority. As part of these efforts, the Seoul Metropolitan

Government concluded an MOU in 2003with a global company AIG, and the partiesreached an agreement. In 2004 on aninvestment of US$1.4 bil l ion for theconstruction of IFC Seoul designated asSeoul’s core cluster industry of the future,finance is being nurtured as one of thecity’s new growth engines which alsoinclude tourism, digital content, R&D,fashion design and the conventionbusiness.

• Major FacilitiesIFC Seoul, with a total floor area of505,694m2 will serve as a multi-purposefacility, offering a direct link to YeouidoSubway Station through an undergroundpassage. When complete, IFC Seoul will behome to grade-A office space, retail shops,a hotel and a multiplex theater, thusdistinguishing it as a new centre for globalfinance in the heart of Northeast Asia.

MAGOK DISTRICT

IFC SEOUL

Location 23,23-1 Yeouido-dong,

Youngdeungpo-gu, Seoul

Area 33,058m2 (floor area 505,094m2)

Project Period 2006-2012

Facilities ▶One IFC32 levels above ground/7 levels below ground

▶Two IFC 29 levels above ground/7 levels below ground

▶Three IFC 55 levels above ground/7 levels below ground

▶IFC Mall 3 levels above ground

▶Hotel 39 levels above ground/7 levels below

ground Conrad Seoul Hotel(446 rooms)

Target Sectors Financial institutions, consulting, law, and

accounting firms, Local headquarters of

global multinational corporations

Target Sectors R&D (IT/BT/NT), eco-friendly industry,

Regional headquarters of MNCs,

Business support facilities (hotels, accounting, law, etc.)

Location Magok-dong and Gayang-dong, Seoul

Area Site 3,665,336m2

Project Period 2007-2030

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

SE

OU

L M

ET

RO

PO

LIT

AN

GO

VE

RN

ME

NT

111

• Business OpportunitiesFinancial sector companies, regional headquarters of multinational companies, consulting firms,laws firms and other commercial facilities will be able to move into the IFC Seoul upon itscompletion marked for 2012.

■ Improvement of Software and Hardware system for Finance

In addition to the Capital Markets Consolidation Act, which went into effect in February2009, the Korean government designated Yeouido as the Financial District to enhance thecompetitiveness of the financial industry and advance the capital markets last year. In linewith this move, the authorities are studying various benefits for the financial sector. Thedesignated Financial District spans an area of 3,976,788m2 in Yeouido and includes acentral business zone as well as a support and residential zone. These developments areexpected to shape Yeouido into an economic, cultural and tourist hub.

※The Current Status of the Capital Market∙17th of the 50 major stock exchange institutions in terms of total market capitalization

(2009, WFE annual report)

∙8th in total trading volume and 6th in total amount of stock trading (2009, WFE annual report) in the world

∙1st in stock index option and 5th in stock index futures (number of contracts, 2009, WFE annual report) in the world

Seoul’s representative international business district

• Project OverviewYongsan, a sub-center of Seoul linking Myungdong, Euljiiro and Yeouido in the northern heart ofthe city, is to be reborn as a luxurious waterfront city representing Seoul, connected with therenowned Han River. The $28 billion Yongsan International Business District development project,the largest Project in the nation’s history, is expected to produce a 150 million floating populationper year and generate KRW 67 trillion in added production and value.With an approximate total floor area of 3 million m2, Yongsan International Business District willopen a new paradigm of urban development, housing, International business, and commercial,cultural and residential facilities.

• Master Plan for the Yongsan International Business District“Archipelago 21” designed by world-renowned architect Daniel Libeskind who won theinternational master plan competition for the Yongsan International Business District in April 2009,is inspired by an archipelago. Anchored by a landmark tower that dynamically articulates theharmony of yin and yang in a spiral form, about 20 buildings ranging from 40 to 100 stories highwill present a three-dimensional skyline that depicts the golden crown of the Shilla Dynasty, themost exquisite among traditional crowns on earth. The skyline will strike a brilliant harmony with apanoramic view of the Han River, emerging as a new symbol of Seoul able to be seen from allparts of the city.

• Business OpportunitiesThe planned landmark tower, mega shopping malls, hotels, department stores, and a culturalcenter are all included in the plan for the Yongsan International Business District. Starting from2012 when construction will be implemented on a full scale, numerous business opportunities willbe available including facility acquisition and moving in.

YONGSAN INTERNATIONAL BUSINESS DISTRICT

Target Sectors High-end offices, shopping mall, hotel,

entertainment facilities, department store,

designer boutiques, convention center,

residential/ commercial complex, etc.

Location Seobuichon-dong, Hangangro,

Yongsan-gu, Seoul

Area 565,109m2

(Total floor area - 3,340,000m2)

Project Period 2007-2016

Tel: +82-2-2171-2794~5 Fax: +82-2-2171-2799

E-mail: seoul_invest@seoul.go.kr Homepage: www.seoul.go.kr

31. Taepyeongno 1-ga, Jung-gu, Seoul 100-744, Korea

| CONTACT | Investment Promotion Division

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

SE

OU

L M

ET

RO

PO

LIT

AN

GO

VE

RN

ME

NT

113

BUSAN Metropolitan City

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

BU

SA

N M

ET

RO

PO

LIT

AN

CIT

Y

115

Transportation Network: Busan has an excellent transportation system combining air, sea, andland. Its established network of international airport, seaport, express way, high-speed train andinternational ferry provides easy access to any parts of Korea and the world. Its metropolitan areaprovides a superb road system, in addition to a convenient public transportation connectingsubway, bus lines & taxi service.

Digital Intelligence-Based City: Busan is a digital intelligence-based city, with 1,100 businesses and15,900 persons participating in this field and 19 universities and 8 institutions with specializedprograms. Also, under Busan U-City project, many area of city life including traffic, health, andsecurity are being digitalized using ubiquitous information technology.

Excellent Human Resources: Busan has a greatpool of quality labor force, which comes from its3.7 million population and competitive educationalinfrastructure. It has 25 universities & 334 researchinstitutions, and world’s leading R&D centers suchas Fraunhofer Institute for Applied MaterialResearch, INI-GraphicsNet, Rolls-Royce UniversityTechnology Center, and APEC Climate Centeralso located in Busan.

Business & Living Environment

Korea’s No.2 City, located at the southeastern tip of the Korean Peninsula, Busan has served asthe <Maritime Capital> of Korea and was the Korea’s gateway to the world since its opening as aninternational port in 1876. The city had seen a magnificent economic growth until late 1970s withlight industries leading the growth and playing a pivotal role in the <economic miracle> of Korea inthe last few decades. Since then, the city has been continuously try to reorganize its industry suchas with the selection of an intensive investment on the ten strategic industries with great potentialof growth and of leading the economy of Busan.

•Ten Strategic Industries- Core Strategic Industries: Port logistics, Auto parts and materials, tourism & convention, film & IT

- Local Strategic Industries: Futures and financial industry, marine and bio sector, silver industry,

footwear industry, fisheries and processing industry, textile and fashion industry

Busan is now to enhance its business environment under Busan Vision 2020, which envisionsBusan as a major hub in Northeast Asia of logistics with areas such as Busan-Jinhae FreeEconomic Zone, Busan New Port, Mieum Industrial Complex, Myeongji International City, GangseoInternational Logistics and Industrial Complex, and the North Port Redevelopment, information withits “Centum City”, finance with Busan International Financial Center and tourism with tourismcomplexes. As a result of these enormous efforts, the city became one of the ten best cities in theAsia Pacific region to do business.

Busan Metropolitan City-Hub of Northeast Asia

From Korea’s Maritime CapitalTo Logistical, Industrial & Cultural Hub ofNortheast Asia

Busan at a Glance- Population: 3.7 Million

- Area: 763.58km2

- Average Temperature: 14.3°C (January 2.5°C , August 24.1°C)

- GRDP: USD 50 Billion

- Major Industries: Port Logistics, Auto Parts and Materials, Tourism & Convention, Film & IT, Finance

- Sister Cities: 23 Cities(Barcelona, Los Angeles, Shanghai, Dubai, etc.)

- International flights: 241/week(30 cities, 10 countries)

Number of Foreign Businesses : 684Major global corporations based in busan include Renault Samsung Motors (automobile),Kongsberg Maritimes (marine equipment), Wartsila (marine equipment), Bosch Rexroth(machinery), LME (warehouse), and Mitsui (port logistics). The majority of foreign investedcompanies operating in Busan is in distribution & logistics (56.3%), and manufacturing (26.5%).

Foreign Organizations•Diplomatic Missions- Consulate General: 4(U.S., Japan, Russia, China), Taipei Mission in Korea, Busan Office, Honorary

Consuls: 30 countries

•Social Organizations & Associations: 12- Busan Foundation for International Activities, Busan International Friendship Society, EU Chamber

of Commerce in Korea, Korea-Japan Cultural Exchange Association, etc.

•Cultural Centers- France, Germany

Living ConditionsPleasant weather with the annual average temperature of 15°C, clean air, beautiful beaches, andmountains create an exceptionally pleasant living environment. East of Busan in particularly popularamong foreign residents for its extraordinary natural beauty including two famous beaches locatedin the area, Haeundae and Gwangalli.

Foreign Community in Busan

Busan is a strategic point in world logistics, as it is a major port on the key routes linking Europeand North America, ships traveling between North America and Eurasia may use Busan Portwithout changing their main trunk line. Furthermore, Busan is the future starting point oftranscontinental railways that will run from Korea through China and Russia, all the way to Europe.Busan has an excellent transportation system combining air, sea, and land which provides easyaccess to any parts of Korea and the world.Busan is Korea’s No.1 port city, and 75% of all container cargo coming in and out of Korea isprocessed in Busan. Busan also stands as world’s 5th largest container port (12 million TEU,2009).

Busan New PortSince 1995, Busan is among the world°Øs top five container ports. In the face of growingdemands for better and more efficient port logistics services and heightened globalcompetitiveness, the construction of Busan New Port was planned. State-of-the-art, 22-row twinlifts and a top notch IT system will be introduced to offer the best port logistics services. With theopening of this port, Busan is well-positioned to grow into a global port and a logistics hub ofNortheast Asia.North Container Terminal and the logistics district have been designated as a Free Trade Zone in2004. Since Busan New Port is also a part of the Free Economic Zone, companies can benefitfrom special status of this area and maximize the efficiency of their business operation by using allthe incentives available under the Free Trade Zone Act and the Free Economic Zone Act.

North Port Redevelopment Project (Central Bay Project)North Port redevelopment is one of the many projects initiated under the Dynamic Busan 2020.The project includes Busan Station, International Passenger Ferry Terminal and DomesticPassenger Ferry Terminal.

Using its strength in logistics, Busan seeks to establish a global production and logistics hub inWest Busan. Central to this project is Busan-Jinhae FEZ where large-scale industrial sites such asMieum Industrial Complex, Busan Science & Industrial Park, Noksan Industrial Complex, ShinhoIndustrial Complex, and Myeongji International City are located.

Busan-Jinhae Free Economic Zone (BJFEZ)BJFEZ consists of five distinct areas to carry out unique yet synergy-creating functions.- New Port area: 30-berth Busan New Port and the distribution park.- Myeongji International City will serve as the international business nexus of BJFEZ. It will be

equipped with widespread, wireless IT infrastructure, ultra-modern buildings, internationalschools, hospitals. The area targets air logistics, high-tech parts & materials.

- Jisa area - Home to Busan Science & Industrial Park which is targeting high-tech, R&D,machinery and parts, marine equipment, new materials

- Dudong area - A high-tech logistics complex which targets mechatronics, professional educationand R&D

- Ungdong area - Multi-functional Maritime Recreation Resort.

Mieum Industrial ComplexMieum industrial complex is prepared for high-tech and diversified industries.A new area in the FIZ is expected to be setup by late 2012, inviting auto parts,mechatronics, marine equipments andother high-tech industries. This area isperfectly situated to benefit from excellentlogistics infrastructure of Busan and createsynergy with other industrial sites.Not only it constitutes a large-scale cutting-edge industry cluster with neighboringindustrial complexes such as Shinho,Noksan, and Hwajeon, Mieum IndustrialComplex will be at the center of Korea’sSoutheastern Economic Belt linking Busanwith Ulsan, Changwon and Geoje, which

Busan, Industrial and Logistical Hub of Northeast Asia

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

BU

SA

N M

ET

RO

PO

LIT

AN

CIT

Y

117

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

BU

SA

N M

ET

RO

PO

LIT

AN

CIT

Y

119

together account for a total of 50% of national output in shipbuilding, 90% of ship parts, 45% ofautomobile, and 40% of machinery is produced in the region. Within Mieum Industrial Complex,“Parts & Material Complex” of 328,185m2 was designated exclusive for foreign investors in 2009.

Gangseo International Logistics and Industrial ComplexThe decision by the Korean government torelease 33km2-development restrict zone(GreenBelt) in the hinterland area of Busan New Port in2008 gave a green light to the development planof Gangseo International Logistics and IndustrialComplex. The idea is to link the area’s superiorlogistical network of seaport, airport, railways andexpressways with nearby industrial and logisticalclusters, which is essential for Busan New Port tofunction as an international hub port. It is alsoexpected to further strengthen the national

competitiveness of Korea. The logistics and industrial complex will also fundamentally resolve Busan’s shortage of industrialland and make available for a global parts and material supply base, a composite logisticalcomplex, and a foreign investment zone. Establishing an expansive logistics and industrial complex and attracting leading domestic andforeign companies in Western Busan area will allow minimizing logistical expenses, establishing anindustrial cluster and utilizing human resources, which will ultimately contribute to the balanceddevelopment of the country by revitalizing the Southeastern Economic Belt, the biggest of its kindin Korea

Busan wants to grow as an international hub for derivatives financial market. And since 2005, thecity hosted the Korea Exchange (KRX), world’s 10th largest stock exchange and integrates themanagement of Korea’s stock and futures market. What’s more, Busan was designated by central government in 2009 as a <Financial Center> alongwith Seoul. Thanks to this, 11 Central Government agencies are scheduled to move in MunhyeonFinancial Complex.Busan International Financial Center is expected to serve as the financial center of the southernregion, at the same time complementing Seoul’s comprehensive finance model.

Busan, Financial Hub

Busan is known as a city of international convention and film festivals, recognized as one of “top 10Asian International Convention Cities” by UIA. Busan proved its capacity as a global conventioncity by successfully hosting a series of major international events such as 2002 Asian Games, 2002FIFA World Cup, and 2005 APEC Summit Meeting; and Pusan International Film Festival (PIFF) hasgrown as Asia’s biggest film event in just 10 years. Busan’s attractive natural environment combining beaches, rivers, and mountains allows the city totake up more than 30% of all Korea’s tourism industry (2 million foreign tourists and 26 milliontourists/year) and also presents a unique opportunity to become an international tourist hub. Inorder to enhance the international attractiveness of Busan as a tourist destination, the city developsprojects such as East Busan Tourist Complex; exquisite natural coastline, rocks, forests, and sandbeaches create a perfect site for a resort complex.

Busan, International Convention and Tourism Hub

Daegu Metropolitan City

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

DA

EG

U M

ET

RO

PO

LIT

AN

CIT

Y

121

Daegu City provides the best business environment with its rich infrastructure in various fields oftransportation, education, medical service, tourism and others as well as its human resources.

Well-developed Transportation System- Daegu International Airport : 8 int’l routes to 3 countries- Gimhae Int’l Airport : within 50 minutes’ drive- Inland transportation hub linked through 7 highways and KTX High-speed train(99 mins to Seoul)- 5 international ports located within 1 hour’s drive: Pohang, Ulsan, Masan, New Busan,

International Busan ports- Daegu Exhibition & Convention Center(EXCO), Daegu Distribution & Logistics Complex

Large Pool of Excellent Human Resources- Daegu R&D Special Zone designated in 2011- 51 universities in Daegu region with 70,000 annual

graduates- DGIST (IT, BT, NT, and MT), POSTECH (advanced

material), Kyungpook National University (electronics),Keimyung University (automotive), Daegu HaanyUniversity (herbal medicine), and Yeungnam University(machinery, textiles)

- 600 engineering professors, 135 R&D centers(4,800researchers) offering support to industry

- Customized training programs through collaboration between industry and academia (SamsungElectronics and Kyungpook National University collaboration project to establish mobileengineering department at KNU in 2011)

Business-friendly Environment- Constructing large industrial complexes for high-tech companies and multi-national companies- Developing a business network with global companies by supplying ‘R&D activities and core

parts and components’ to neighboring industrial cities- Ombudsman system to resolve investor grievances and improvement of business and living

environment- Project manager system to provide on-site support and door-to-door-solutions for foreign

invested companies

Pleasant Living Environment- Daegu International School (DIS), Korea’s first

international school(K-12), a joint venture between thecity of Daegu and Lee Academy, Maine, USAaccommodates up to 580 students including boardingfacilities for up to 120 students

- 9 super deluxe hotels and numerous shopping facilities - Blessed natural environment with abundant tourist attractions and mountains - UNESCO cultural heritages nearby- Quality medical services with 3,073 clinics including 11 major general hospitals- International sports city and the host of 2011 IAAF World Championships in Athletics- Host of many international conventions and festivals like Daegu International Opera Festival,

Daegu International Musical Festival, 2013 World Energy Congress(WEC), etc

Business environment

Embracing the World !

General Facts- Population: 2.51mil (5.22mil within one hour’s drive)- Area: 884km2

- Average annual temperature: 13.7°C- Average annual precipitation: 1,027.7mm - GRDP: USD 29.7 billion / KRW 33 trillion - Major Industries: machinery, metal, automotive parts, textile, electronics, mobile- Economically Active Population (Thousand,2009): 1,200- No. of manufacturers (with 10 or more employees, 2008): 2,901- Exports(USD Million, 2009): 3,892

Located in the south-eastern part of the Korean peninsula, Daegu is a vibrant city with an all-embracing transportation system; every major city is easily accessible within 2 hours. There areapproximately 2.5million people who call Daegu home, making it the 3rd largest city in the nation.As the heart of Korea, Daegu has rapidly transformed itself into an international city that hasopened its doors to the rest of the world.Daegu has also gained international competitiveness through shifting its industrial structure to amore higher value-added base and promoting advanced knowledge-based future industries onthe basis of a well-developed industrial infrastructure.Start your business and make your success story here in Daegu !With a variety of customized and differentiated incentives, a welcoming environment and first-ratefacilities, Daegu will be your success partner for your business.

■ Location: Gugi-myeon, Dalseong-gun, Daegu(in close vicinity to Dalseong 2nd Industrial Park)■ Size: 8,521,000m2(Industrial use 4,675,000m2) ■ Project period: 2009 ~ 2014 (land can be purchased to groundbreaking beginning in 2011)■ Target Business: Next generation electronics, communications service, high-tech

machinery, future automotives, renewable energy

Daegu National Science Park is the region’s first national industrial park and it is designated toupgrade the existing industrial structure into a high-tech industrial structure covering intelligentautomobile components, embedded SW, solar energy industry, etc.

Daegu National Science Park will form the Nakdong river industrial belt, connected with downtowncomplexes including the 3rd Industrial Complex, West Daegu Industrial Complex, GeomdanIndustrial Complex, as well as Seongseo Industrial Parks(1st~5th) along the Nakdong River,Dalseong 1st Industrial Park, Technopolis, Hyeonpung Industrial Park and Dalseong 2nd IndustrialPark. It will be developed into an environment-friendly high-tech industrial complex in associationwith four-river restoration project, making significant contribution to the regional economy.

Investment Advantages▶Forming an Industrial belt which connects Dalseong 1st and 2nd Industrial Park, Daegu Technopolis

▶Favorable transportation conditions with 88, Guma, Jungbu (Central Inland) expressways in service and

Hyeonpung-Ulsan expressway under consideration

▶Maximizing synergy by cooperation with major neighboring industrial complexes in Gumi (Electronics), Masan·

Changwon (Machinery), Ulsan·Busan(automobile), etc.

■ Location: Hyeonpung-myeon and Yuga-myeon, Dalseong-gun, Daegu City ■ Size: 7,266,000m2 (industrial and research use 2,911,000m2)■ Project period: 2006 ~ 2012■ Target Business: renewable energy(PV), future automobiles (intelligent, eco-friendly,

hybrid), IT convergence(robotics), new materials, mechatronics and other high-techindustries

Daegu Technopolis is a research-oriented district that will focus on the development ofautomotives(Hybrid, Intelligent), IT convergence industries, telecommunications, and renewableenergy. As special R&D zone designated by the Korean government, Technopolis is home tonational research institutes as well as branches of prestigious universities that will provide supportto develop and commercialize new technologies.

Investment Advantages▶Comfortable and environmental-friendly city The city incorporates residential, industrial, educational, cultural, leisure, and park environments to create a premium

city that is surrounded by the beauty of its natural environment. Besides just the research and industrial facilities,

Daegu Technopolis is preparing to become a high-tech, cutting-edge, and futuristic ubiquitous city.

Investment Project

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

DA

EG

U M

ET

RO

PO

LIT

AN

CIT

Y

123

Daegu National Science Park

Daegu Technopolis

Aiming to create a business-friendly environment and strengthen the regional economy , Daeguhas put forth efforts to secure infrastructure needed for high-tech industry, multi-nationalcorporations and foreign-invested companies

IT Convergence IndustryDaegu City has formed the largest mobile industrial belt in Korea connecting to Korea’s 4 largestindustrial complexes in just one hour's drive. To secure global competitiveness, Daegu providestechnology support for companies through the establishment of Mobile Convergence Centerand outstanding human resources are developed at prestigious local universities such as KNUand POSTECH. Daegu has been leading IT convergence industries that cover next generationmobile communication, mobile convergence, embedded SW, LED and healthcare under theubiquitous era.

Green Energy for Green GrowthDaegu was accepted as a “solar city” bythe OECD-affiliated IEA, due to its greatefforts in energy-saving and eco-friendlyenvironment. Under the Koreangovernment’s “Low carbon-green growth”policy, Daegu has actively promoted greenenergy industry (photovoltaic parts andcomponents and hydrogen fuel cells) as itsleading industry, by supporting R&D andoffering subsidies for installations of new &renewable energy systems. Additionally Daegu is the annual host of the largest Green Energy Expoin Asia “Korea Green Energy Expo”, and the World Energy Congress(WEC) 2013.

High-tech Medical IndustryIn 2009, Daegu branded itself as “Medi-City Daegu” signifying its aim to become a globallyrenowned city in the medical industry. Later that year, Daegu was selected among 10 othercandidates by the Korean government to host a national high-tech medical cluster. Daegu isranked 2nd in Korea with 3,073 medical facilities including 11 general hospitals, 5 medical collegesand 1 oriental medicine college. The medical industry has strong foundation to develop with strongelectronics and IT-related industries like mobile, communication and embedded SW. This hasallowed Daegu to promote the healthcare business by connecting IT technology and there areplans to establish a R&D cluster for personalized and pre-emptive medicine.

Intelligent automobile and robotics industryDaegu is the third largest automobile component supplier in Korea. To keep pace with the futuredemands of industry, Daegu is establishing Korea's first public test center for Intelligent vehiclesand transportation systems to become a R&D and supply base of intelligent automotivecomponents. For the promotion of Robotics industry(a future growth engine designated by KoreanGovernment), Daegu has promoted Robot-related R&D activities, focused on professional servicerobots and multi-tasking robot. There are also many robotics R&D centers and organizations in theregion, such as Korea Institute for Robot Industry Advancement (KIRIA), Pragmatic Applied RobotInstitute (PARI), Robot Business & Industry Promotion Center (ROBIC) and Pohang Institute ofIntelligent Robotics(PIRO).

Future Growth Engine Industries of Daegu

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

DA

EG

U M

ET

RO

PO

LIT

AN

CIT

Y

125

■ Location: Sinseo-dong, Dong-gu, Daegu(within Daegu Innovation City) ■ Size: 1,030,000m2(total area of Innovation City 4,220,000m2) ■ Project period: 2009 ~ 2038 (infrastructure funded by Korean govt. will be completed by

2012)■ Land supply: Second half of 2010■ Target Business: Medicine (synthetic drug), medical devices (IT-based high-tech medical

devices)

The National High-tech Medical Cluster is Korea's largest government-run medical project todevelop a R&D cluster to fostering the domestic medical industry an become a new nationalgrowth engine. The cluster will be developed to form Asia's leading medical R&D hub for medicaldevices and new drugs by combining highly skilled medical personnel and researchers with localindustrial infrastructure currently in place.

Investment Advantages▶Attractive Location

- Northeast Asia, a large consumer market, within a radius of 1,000km

- Center of Southeast Korea with a population of 13 million

▶Nation’s cutting-edge medical infrastructure - Only city(outside of Seoul) equipped with pre-clinical, clinical, and medical device clinical facilities

- 48 medical R&D institutions, including 11 medical and pharmaceutical colleges, are clustered

- 20% of Korea’s medical personnel are educated in Daegu through 227 medical related courses at 18 colleges

and universities

- 37.8% and 25.4% of the nation's total amount of production in IT and new materials industry, respectively('05)

- TOP- tier clinical trial achievements in the nation(12 clinical trial institutions)

▶Ongoing joint projects and collaborative networks with advanced medical clusters overseas- Wake Forest Univ.(USA)

- Kobe High-tech Medical Advancement Foundation (Japan)

- University of Auckland (New Zealand)

Daegu-Gyeongbuk National High-tech Medical Cluster

▶Talented human resources About 17,000 students graduate in this district from the reputable technical universities and colleges such as

DGIST (robotics, software & information, energy & environment), Graduate School of IT Convergence Technology of

Kyungpook National University(IT convergence, machinery, and environment), Kyungpook National University

(electronics), Graduate School of Intelligent Automobile of Keimyung University, Yeungnam University (industrial

textile & machinery), POSTECH(chemistry, new materials), and University of Delaware Center for Environment and

Energy Policy, Daegu Campus, US. Within these technical universities and colleges, there are 135 R&D centers

that strive to achieve industry-education collaboration.

▶Korea’s southeast R&BD hub With the implementation of Daegu Gyeongbuk Institute of

Science & Technology (DGIST), Electronics &

Telecommunications Research Institute (ETRI), Korea Institute

of Industrial Technology (KITECH), Daegu National Science

Museum, ITS-based Proving Ground for Intelligent Vehicles &

Transportation Systems, and other government funded

facilities, Daegu Technopolis will become the high-tech inland

technological belt of Daejeon, Daegu, and Gwangju.

■ Location: Secheon-ri, Dasa-eup, Dalseong-gun, Daegu City■ Size: 1,467,000m2 (industrial use 670,000m2) ■ Project period: Jan. 2007 ~ Jun. 2012 (currently available)■ Target Business: Machinery and metal, electrics and electronics, IT, communications

services, etc.

Seongseo 5th High-tech Industrial Park is urban-based industrial park for high-tech businesses. Intandem with the network of existing Seongseo industrial complexes(1st~4th), Seongseo 5th High-tech Industrial Park forms an industrial cluster for higher-value-added industries.

Investment Advantages▶Optimal LocationSeongseo 5th High-tech Industrial Park is located simultaneously in an eco-friendly district as well as within the urban

city. Living expenses and business start-up costs are comparatively low while still offering large-scale, luxurious

apartment complexes and amenities. Four major highways are only 10 minutes distance away and the airport, railway

station, and the convention center are all within 15km. Seongseo 5th High-tech Industrial Park cohesively captures the

twofold experience of being both an urban city and the eco-friendly industrial district.

Seongseo 5th High-tech Industrial Park

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

DA

EG

U

127

■ Location: Nae-ri, Guji-myeon, Dalseong-gun, Daegu(in the Dalseong 2nd Industrial Park)■ Total area: 104,188m2 (available land area: 31,425m2) ■ Period: Construction completed■ Target Business: electricity & electronics, machinery, and metal production

Dalseong 2nd Industrial Park constitutes an electronics-machinery industrial belt on the extensionof Seongseo Industrial Park, 20km or 20 minutes away, and Dalseong 1st Industrial Park, 9.2km or10 minutes away. It connects with Seongseo Industrial Park, Dalseong 1st and 2nd Industrial Park,and major neighboring industrial complexes in Gumi city and Changwon city.

Investment Advantages▶FIZ, forming an industrial belt of

automobile, machinery, and metalindustry

- 75% of 212 occupants in the Park: business

in the field of automobile, machinery and

metal

▶A knowledge-based R&D zoneestablished nearby FIZ

- In vicinity of FIZ, Daegu Technopolis, a high-

tech industrial park(7.3million m2) and Daegu

National Science Park(8.5million m2) under development

▶Dalseong 2nd Industrial Park with easy accessibility- Busan port & Busan New port within 1 hour’s driving distance

- Masan port, 40 minutes away from the FIZ

- Daegu International Airport 45km away, Busan & Gimhae airport 60km away

- Downtown Daegu within 30 minutes' driving distance

- Linked Guma Highway, Jungbu-Inland Highway and National Road No.5 within ten minutes.

Dalseong 2nd Industrial Park Foreign Investment Zone

[CONTACT]

Investment Promotion Division, Daegu Metropolitan City

■#88 Gongpyeong-no, Jung-gu, Daegu 700-714 Korea

■Tel: 82-53-803-3300 Fax: 82-53-803-3309

■Email: jessykim@daegu.go.kr

■Website: http://daegu.investkorea.org

▶Outstanding Human ResourcesEncompassing 51 universities and colleges in Daegu metropolitan Area, about 17,000 graduates with specialized

skills in the IT, BT, NT, intellectual automobile, and textile backgrounds enter into this Seongseo 5th High-tech

Industrial Park

Gwangju is located in the center of southwestern Korea and has a GRDP of 22 trillion won and apopulation of 1.47 million, 673,000 of whom are economically active. Gwangju is the ideal base ofoperations in light of the region’s close proximity to huge nearby market including those of China,India, Japan and Russia. International ports lie within one hour’s distance and an aviation networkconnecting domestic and international airports and a land transportation network running in alldirections connect Gwangju with the world’s major cities and countries.

Transportation Infrastructure

Gwangju features a seamlessly integrated industrial infrastructure, including airports, harbors and railways.

Declaration for Peace of Labor and Businessamong Labor, Business and Government:Employees, employers and the governmentdeclared to put forth their utmost respectiveefforts for local economic development.

Nation’s lowest level of labor-managementdisputes (No dispute in 2008)

Competitive wages: 10~20% lower thanother areas in Korea

Nation’s lowest turnover rate of employees

Won the grand prize in the“business-friendly city” asKorean representative brand(2008)

Won the grand prize in theKorean Global Manager(2008)

Won the President’s Awardfor Export Increase in 2009

Business-friendly Environment & Stable Labor / Management Relationship

Gwangju, a City with a Clean andComfortable Environment Where People

Live in Harmony with Nature

Eco-friendly Maintenance of Hygiene, Food Wasteand Waste Treatment Facilities

An Environmentally Sound, High-quality 21stCentury Lifestyle City

The First City in Korea to Sign the UN UrbanEnvironment Accord

Signed the Model City Agreement for ClimateChange (April 2008)

Won the Grand Prize in Eco-friendly CityAward in 2008

Won the Grand Prize for Low-carbon, Green Growth Environment

in 2009

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

GW

AN

GJ

U M

ET

RO

PO

LIT

AN

CIT

Y

129

As a Mecca for the photonics industry, Gwangju can provide comparative advantages whichinclude co-sourcing and outsourcing to companies with the city’s own source technology forphotonics, her systematic accumulation of technological know-how, and centralized corporatestructure. Gwangju, which is a city with Korea's largest digital appliances industry centered around SamsungElectronics and Daewoo Electronics, achieved USD 6.9 billion in sales, 500 million dollars inexports, and the creation of 17,000 new jobs by the end of 2010 by nurturing the appliance robotand ubiquitous appliance industries, and it is expected to become one of the world's three largestMeccas of digital appliance and components by 2017. The production capacity of Gwangju's automobile industry, centered around the Kia MotorCompany, is expected to increase to 1 million units by 2015,which will turn Gwangju into one of the nation's three largestautomobile cities. Through the clean diesel vehicle parts industry, which is a newgrowth engine, Gwangju will establish an exclusive nationalindustrial complex for automotive components, which will leadthe high-value-added industries such as photonics, electronicsand automobiles. Gwangju, which boasts a natural environment with the highestdirect solar radiation in Korea, has established a plan forconstructing a Solar City, and will open the door to an eco-friendly city of the future through various investments into newand renewable energy, such as solar power generation. Once the new & renewable energy-related research institutesand businesses are relocated to Gwangju Advanced ScienceIndustrial Complex in 2013, Gwangju will become the new &renewable energy hub of Northeast Asia. Gwangju, which is promoting the “National Asian Culture-oriented City Project”, is establishing a “Multi-purpose FilmCulture Center” and “CGI Center” to nurture the cultural contentsindustry, and it is also developing cultural products such as film,games, and animated films from the Gwangju Information andCultural Industry Promotion Agency and local businesses.

GRDP : KRW 22.55 trillion in 2009 (USD 20.4 billion)

GRDP per capita : KRW 15.2 million (USD 13,818)

GRDP growth rate : 5.5%

2nd highest trade surplus in the nation : Export USD 11.6 billion, Imports USD 4 billion (2009)

Main export products : Automobile, electronic goods, communication equipments, tires, etc.

(*$1=1,100 KRW)

The industrial structure of Gwangju consists mainly of automobiles, digital appliances, photonicsand the manufacturing of machinery. Gwangju has been ranked at the top in Korea in terms ofexport increase rate and industrial manufacturing growth rate for the past 3 years. Exports fromGwangju already exceeded US$10 billion in 2007, an impressive total of which we are extremelyproud. Gwangju is the top-ranked city in Korea in terms of the rate of export increase, the rate of numberof companies with 5 or more employees, and the rate of increase of industrial production.

FDI policy

Gwangju is activelyworking to nurture thephotonics industry, theautomobile parts industry,and information and homeappliances as her keygrowth engines, and as thedriving force behind the

city’s development.Gwangju is also nurturing 4 major strategic industries in high-tech parts and materials, new energy,industrial design, and cultural contents. 5 futuristic added-value industries are also in the worksincluding FTTH, LED, and nano-technology. By securing next generation core technologies, strengthening global marketing channels, theestablishment of a support system for industrial and academic R&D, and fostering a highly capablelabor force to bring about technological innovation, Gwangju is quickly becoming the optimallocation to operate a business. The photonics industry in Gwangju is considered one of the most successful cases for localindustrial development by the central government. The city is home to the only photonics industrycluster in the country.Prior to the cultivation plan for the photonics industry getting underway, in 1999, there were only 47companies operating within this sector in Gwangju. However, the number of companies hadincreased to 360 and the number of employees had grown from 1,900 to 8,004 as of the end of2010. Sales in this sector also saw a significant increase, growing from 110 billion won to 2.54trillion won during the same period.

Gwangju’s Primarily Promoted Industries

Photonics Industry

Digital Appliances Industry

Five PrimaryIndustries

Automobile Industry

Green Energy Industry

Cultural Contents Industry

Clean Diesel AutomobileParts Industry

Precision Die Industry

Hydrogen&Solar Industry

Health Industry

IT Convergence Industry

Five PrimaryIndustries

Future-value-orientedIndustries

Future-value-orientedIndustries

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

GW

AN

GJ

U M

ET

RO

PO

LIT

AN

CIT

Y

131

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

GW

AN

GJ

U M

ET

RO

PO

LIT

AN

CIT

Y

133

Gwangju offers investors a comprehensive R&D network well-suited for knowledge-basedindustries. The city is equipped with research facilities, a highly-skilled workforce, and supportsystems for the region’s major industries. In addition, by promoting joint technological developmentamong local corporations, a synergistic effect between academia and industry is being created. The Chumdan Science Industrial Complex, primarily home to companies operating in thephotonics industry, has been appointed as the only innovative cluster for the photonics industry inKorea, and projects to bolster the photonics industry are being actively carried out.Through such clustering, enhancing industrial support, promoting intensive investment in R&D andcultivating qualified human resources, the government of Gwangju is establishing the necessaryinfrastructure for stable growth. As a result, more and more professionals and relevant companiesare being drawn to Gwangju in order to capitalize on these comparative advantages.

Gwangju Specialized R&D District

Just like Silicon Valley in the United States and the Sophia Antipolis in France, Gwangju will developa Specialized R&D District that will be armed with state-of-the-art technologies and will generateenormous economic growth, and form a science business belt as a result. The Specialized R&D District will accommodate research institutes, businesses, colleges andindustrial complexes that will accelerate the growth of advanced industries, and the residentorganizations will benefit from R&D expense support, tax redemption and various other benefits. The activities of the Gwangju R&D District will mainly consist of Application R&D, and the outcomeof these activities will resolve the technical difficulties corporations face in the production sites anddirectly benefit the productivity of corporations.

Appropriate R&D network for knowledge-based industries

Network among major research institutes and industry-academia joint research centers

Major research institutes & industry-academia cooperation research centers

World-class R&D infrastructure

The city offers the best investment incentives and the most efficient business support system. Forforeign-invested companies, available incentives include reduction or exemption of tax, low-costleases on industrial land, and additional subsidies. Regarding Tax benefit, mainly applied to manufacturing case, foreign-invested companies mayenjoy the tax reduction. If a company is selected as a beneficiary, national taxes and local taxes willbe exempted for a designated period after income generation.The other kind of FDI incentives is Cash grant. If the foreign investment ratio is more than 30%, anda number of additional conditions are satisfied, foreign invested companies may wish to considerthe application for the cash grant program. After evaluation procedure, beneficiaries are decided and the amount is negotiated afterwardsbased on the scale of projects.

Investment incentives

Fast growing foreign companies have also planted their flags in Gwangju, and Amkor Technology,Carrier, Alps, and Arneg Korea are but a few. These globally known companies are at the forefront of the region’s cutting edge industrial growthand directly responsible for the rapid development of the city. Gwangju is home to the largest photonics industry cluster in the country, while 800 thousandautomobiles are manufactured here every year. Gwangju has also garnered a reputation as theKorean city with one of the largest home appliance production levels in Korea.

Gwangju-A world of Successful Companies

Suceess in GwangjuGwangju is a “City of Light” illuminating Asia and the world as Korea’s representative culture huband high-tech industry powerhouse.Gwangju is perfect for business. It is strategically located in the center of northeast Asia, withineasy reach of major Asian markets such as China and India. Its R&D infrastructure is world-class.Gwangju features a seamlessly integrated industrial infrastructure, including airports, harbors andrailways. The city offers the best investment incentives and the most efficient business supportsystem. Excellent relations between citizens and industry make Gwangju a city where both businesses andworkers grow and benefit. Gwangju’s strategic location, well-equipped infrastructure, various typesof support provided by the central and local governments, comparatively low labor costs andturnover rate, as well as top-notch human resources make the city the obvious choice forinvestment.

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

a city to host the 2015 Summer Universiade!

Meet a new window of opportunity, here in the City of Light

Gwangju,

Gwangju.

a city where advanced industries mesh seamlessly with high culture!

Gwangju,

Korean tradition and culture remains intact in Jeollabuk-do!It boasts cultural assets that are the most representative of the Korean arts.A variety of festivals including Jeonju International Sori Festival, Jeonju International Film Festival,Chunhyang Festival, and Gimje Horizon Festival are held all the year round. In addition, Pansori(masterpiece of the oral and intangible heritage of humanity), the Gochang Doleman (world culturalheritage), Mireuk-jeon (Buddhist building for Maitreya) of Geumsan-sa Temple, Mireuksa-ji stonepagoda and Wanggung-ri five-story stone pagoda are just a few of the national treasures preservedin Jeollabuk-do.

Jeollabuk-do, Home of Living History, Taste & Style, and SoundJeollabuk-do

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

JE

OL

LA

BU

K-D

O

137

Jeollabuk-do, Heaven-blessedLand with the Full Breath of Life

CChhaannggiinngg ffrroomm KKoorreeaa''ss AAttttrraaccttiioonn ttoo AA GGrreeaatt PPllaaccee ffoorr FFoorreeiiggnn IInnvveessttoorrss

With geographical proximity to Chinese markets, Jeollabuk-do has

been the most important strategic and economic foothold in the

Yellow Sea rim and is fast rising as a business center

of Northeast Asia in the 21st Century.

∙Radius of 2,000km(within reach of two hours by airplane)

∙More than 60 cities with a populationof more than 1 million people

∙34% of the world’s goods aretransported through this region

We will establish the most competitive investment environment that foreign investors could want.

Attractive Investment Environment

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

JE

OL

LA

BU

K-D

O

139

Climate* Average annual temperature: 12.8°c* Average annual rainfall: 1,200mm

Transportation Infrastructure* Expressways

Honam, Seohaean, 88 Olympic, Daejeon�Jinju,Iksan�Jangsu, Gochang�Jangseong, Jeonju�Gwangyang, Saemangeum�Pohang (Planned),Gunsan�Iksan (Planned)

* RailwaysOperation of KTX in Honam line, Gunsan-Janghang, Saemangeum-Gunsan (Planned),Extension line to the Gunjang National IndustrialComplex (completion in 2012), Double trackingand making an electric railway of Jeolla line(completion in 2011)

Seaports* Gunsan Seaport- Facility Scale: 24 piers for 10,000-50,000 ton-

class vessels with 19 million tons of yearly cargohandling capacity

※ 10 more piers will be added by 2011, increasing cargo

hand-ling capacity up to 31 million tons a year.

- Scheduled container vessels: 4 routes (3 for Chinaand 1 for Japan)

∙Gunsan-Shanghai (once a week), Qingdao (threetimes a week), Shidao (three times a week)

∙Gunsan-Tokyo-Yokohama-Chiba (Once a week)※ Saemangeum New Seaport - 26 piers of 15,000 TEU

class vessels (Planned)

Airports* Gunsan Domestic Airport (Plan to make it

aninternati-onal airport), SaemangeumInternational Airport(Planned)

Operation of the swiftest system in Koreato overcome business obstacles* On-site service and custom-made mobile teams to

settle difficulties* Business Obstacle Center, an online service

(www.jbsc.or.kr/help)

Stable Labor-Management Culture* Declared 'Harmony of Labor and Management∙

Industrial Peace' for the first time in Korea (Nov. 2006)

* Promotes realization of ‘Harmony of Labor andManagement∙Industrial Peace Jeonbuk’ thatunites labor and management

* Operates an advisor system for harmonious laborand management (private system for mediation)

* Provides subsidies to workplaces modelingindustrial peace and promoting harmonious laborand manageme-nt relations

* Establishes regular forums for win-winrelationships between labor and management, andnetworks for labor-related officers

* Recruit and support programs for harmoniouslabor and management: 11 workplaces in threesectors (large, middle standing, small andmedium-size enterprises)

Producing technical expert fit forbusiness and highly-educated humanresources* Over 200 research institutions, 36 science and

engine-ering colleges and universities, andvocational high schools in the province producehigh grade technical human resources

* University: 10 including Jeonbuk NationalUniversity, Gunsan National University,Wonkwang University

Saemangeum Industrial Zone

Int’l Marine Tourism Zone

Saemangeum Tourism Zone

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

JE

OL

LA

BU

K-D

O

141

Iksan Exclusive Foreign Parts & Materials Complex, A Cutting Edge Industrial Base Aiming to Be World - Classs

Gimje Free Trade Zone, A Business Hub Connected withSaemangeum

Nurturing Cutting Edge Parts & Materials IndustryForeign invested companies such as AUK Corporation, Kodenshi Korea, DongWoo Fine-Chem, andYanmar Korea are integrated in this area, offering easy accessibility to the advanced electronic partsindustry and state-of-the-art new technology including LED, diode, and photosensor.

Establishing the Most Competitive Infrastructure for R&DEstablishment of 27 laboratories for outstanding R&D infrastructure to provide technical support for partsand materials industry (3 for automobile & machinery / 3 for nano-technology, carbon & fiber / 15 for food,biology & biotechnology / 2 for basic science / 2 for energy radiation / 2 for other related fields)

Development StrategiesVision : Establish a cutting edge base of parts and materials through active investment in foreign invested

companiesLocation : Areas of Samgi-myeon and Nangsan-myeon, Iksan City, Jeollabuk-do, KoreaTotal Budget : 40 Billion wonProject Period : 2007~2011Project Scale : 2.79 million km2

∙A total of 330,000m2 will be exclusively developed for foreign parts and materials by the end of 2009.Target Industries∙Parts & Materials, Medical∙Precision, Automobiles∙Machinery Parts, Electricity∙Electronics, Chemicals∙Metal

Part and MaterialsExclusive Complex

∙Jeollabuk-do Investment Promotion Division2 Hyoja-ro, Wansan-gu, Jeonju City, Jeollabuk-do, 560-761, Republic of KoreaTel : +82 63 280-4593 Fax: +82 63 280-2759Website : http://jeonbuk.investkorea.org

∙Saemangeum∙Gunsan Free Trade Zone Authority18th Fl., Jeollabuk-do Province Hall2 Hyoja-ro, Wansan-gu, Jeonju City, Jeollabuk-do, 560-761, Republic of KoreaTel : +82 63 280-4131 (Investment Strategy Dept.)

+82 63 280-4141 (Investment Promotion Dept.) Fax: +82 63-280-4139, 4149

∙Office of Civil Petition, Saemangeum∙Gunsan Free Trade Zone Authorityw/in the Office of Civil Petition, Gunsan City Hall8 Sicheong-ro, Gunsan City, Jeollabuk-do, 573-703, Republic of KoreaTel : +82 63 280-4900 Fax: +82 63 280-4899

Center of Saemangeum Logistics∙Manufacturing IndustriesWith a guarantee of unrestricted manufacturing, logistics, distribution and trade activities, Gimje Free TradeZone pursues a balanced national development and active international logistics, such as inducement offoreign investment, promotion of imports & exports, trade with China, etc.

Establishment of the Most Competitive Infrastructure for Doing Business InAs the gateway to the multi-functional administrative city and the Yellow Sea Rim along with itsadvantageous geographical location to enter China and numerous neighboring industrial complexesincluding Gunjang National Industrial Complex and Jeonju Scientific Research & Industry Complex, GimjeFree Trade Zone maximizes business efficiency.

Development StrategiesVision : Establish a core industrial complex for balanced national developmentLocation : Baeksan-myeon, Gimje City, Jeollabuk-do, KoreaTotal Budget : 70.5 billion wonProject Period : 2009-2011Project Scale : 990,000 m2

Target Industries∙Manufacturing industry (foreign invested companies, domestic exporters)∙Machinery, automobile, electronic, fine chemistry,

high-tech food, biological industry, etc.

A Core Industrial Complex in the Yellow Sea Rim Commencing a Brilliant Start-up

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

JE

OL

LA

BU

K-D

O

143

Renewable Energy Zone, the Center for Energy and Low-Carbon Green Growth

Renewable Energy IndustryBecause renewable energy is the fundamental solution for environmental issues and the exhaustion of fossilenergy, advanced countries decisively promote R&D and implement policies of renewable energy.

Nurturing Cutting Edge Renewable Energy EnterprisesJeollabuk-do has concentrated efforts in nurturing renewable energy as its strategic industry. The province isalso rapidly growing as a global mecca for green industry by not only establishing a cluster of renewableenergy industries including Buan Renewable Energy Complex, an oceanic wind power plant, and renewableenergy test and research complex, but also supporting technologies through R&D and professionalmanpower through training.In addition, the province actively provides support for cutting edge renewable energy enterprises. Successfulinducement of DC Chemical, Korea's first and the world's 6th producer of polysilicon and KIST'sComprehensive Parts & Technology Laboratory are good examples.

Development StrategiesVision : Making Jeollabuk-do the center for green energy and low-carbon green growthLocation : Areas of Baekryeon-ri, Haseo-myon, Buan-gun, Jeollabuk-do, KoreaTotal Budget : 119.4 billion wonProject Period : 2004-2010Project Scale : 356,000 m2

Major Functions : Certification of renewable energy, ratifying research & efficiency testing, support forindustrialization, R&D center, education for experience, publicity, industry and researchcenter, etc.

Industry & Research Center

Sites for industry &research center

Neighboring livingfacilities

Support / Green Facilities(Public facilities)

72,244 m2 1,852 m2 138,904 m2

Ratifying Research Complex

Land area: 107,000 m2 / 7 Buildings: 18,980 m2 Industry and Research Complex(approx. 213,000 m2)

Ratifying Research Complex(approx. 107,000 m2)

Private Theme Park Facilities(approx. 36,000 m2)

Theme Park & Experiencing Complex

Land area: 36,000 m2

1 building with three floors: 3,160 m2

Success Story

Case1 : Solarworld KoreaStatus : World’s No.3 solar cell manufacturer(German),with the sales revenue at 2 billion Euro and the numberof employees at 2,000( Mother Company: Solarworld inGermany)Details of Investment : German Solarworld AG+Solarpark Engineering 50:50 Joint-Venture, Foreign Investment CompanyLocation : the Jeonju science industry R&D complex inDoonsan-ri 855-1, Bongdong-eup, Wanju-gun, NorthJeolla province(foreign investment zone)Investment Plan : 1,500MWInvestment Amount : 4,20 BWNo. of Employees : 1,000Business Area : Manufacturing & Sales of Solar CellModule

Case2 : Danone KoreaStatus : World’ No.1 dairy product manufacturer, withthe sales revenue reaching 128 million Euro and thenumber of employees at 76,044Location : dangsan-ri 1723, muju-gun, North JeollaProvince(Muju Agricultural Industrial Complex)Investment period : 2008~2012(5 years)Investment Amount : 60 BWNo. of Employees : 400Business Area : Functional yogurts(currently, 4 typesare on sale in Korea), Foreign investment zonedesignated on Feb 27,2009

GGLLOOBBAALL CCOOMMPPAANNIIEESS

GM DAEWOO, HYUNDAI, TATA DAEWOO,

DOOSANINFRACORE ,TONG YANG, LS Mtron,

SEAHBESTEEL

OCI, SOLARWORLD KOREA,

HYUNDAI HEAVY INDUSTRIES, NEXOLON

DANONE KOREA, SANGHA, DONGWOO,

HARIM, SAJO etc.

HYUNDAI HEAVY INDUSTRIES,

WINGSHIP TECHNOLOGY etc.

AUTO MOTIVF,MACHINE

SECTOR

SOLAR & WINDENERGY SECTOR

FOODSECTOR

MARINE &SHIPBUILDINGSECTOR

KKeeyy TToo SSuucccceessss :: ““PPuutt YYoouurrsseellff IInn SSoommeeoonnee EEllssee’’ss SShhooeess””

KKeeyy TToo SSuucccceessss :: ““PPuutt YYoouurrsseellff IInn SSoommeeoonnee EEllssee’’ss SShhooeess””

Solving the Issue with Plant Location

One Stop Service Administrative Support

Timeliness of Investment/ Overcoming Limitations in System

+

+

Competition among 4 Cities and Provinces

Plant sites forming a Single Block

T/F Team Handling Permission Issues in theEstablishment of the Agricultural Industrial

Complex

+

+

Ripple Effects of Success CasesSolarworld Korea∙6 Times Increase in Investment

250MW => 1,500MW∙Increase in Investment Amount

2,10 BW => 4,20 BW∙Attracted Investment in SPME∙Export Value Reached 100 Million Dollar and

310 New Jobs Created Within A Year After theDesignation of Foreign Investment Zone

Danone Korea∙World’s No. 1 Food Company Danone’s 70th

plant to be Built in Korea Discussion Underwayfor Investment in the R&D Center in KoreaSisterhood Relationship Established betweenMuju-Gun and Evian in France(2010.10.8)

Buautiful Gangwon Province, where people and nature co-exist,has recently emerged as the bestregion in Korea to invest in and prepare for the future, thanks to realization of the New TransportationEra: brand-new expressways, an international airport, growing high speed rail links and harbors.Moreover, comprehensive incentive packages, including long-term tax exemptions and reductions,favorable land leasing and one-stop administrative service are provided to overseas investors.Gangwon Province, which with its enormous potential to generate the most dynamic change inKorea, is spearheading Korea's future stages of growth armed with a vision for the 21st centuryand its energetic development plan.Taking all of the contributing factors into consideration, such as Korea’s recent economicdevelopment, a revival in key industries and the huge domestic consumer market with over 25million people in the adjacent Seoul Metropolitan Area, I am sure that investing in Gangwon will bea greatly successful move for you.I invite you to join us in making promising and lucrative projectsbecome reality. Believing that true investment means investing inbusiness that has a long-term positive value, I believe that togetherwe can show the world what Gangwon has to offer.The door to Gangwon Province is wide open. Once you step inside, youwill be our partner for the bright future of Gangwon in the 21st century.In thanks and appreciation I personally extend this invitation.

Gangwon Province!

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

GA

NG

WO

N P

RO

VIN

CE

147

Alpensia is compounded from ‘Alpen’ that means ‘Alps’, and ‘Asia’. ‘Fantasia’. In other words it’sfantastic resort that is located on Alps in Asia.

The World-Class Resort, Alpensia

Convenient Transportation NetworkGangwon Province is growing phenomenallyas a logistics center through improvednetwork access to all the major cities in thecountry, not only to the capital region, via theepoch-making expansion of our wide rangetransportation network: the opening of theSeoul-Chuncheon expressway (July 2009),completion of 4 lanes on the Yeongdong andDonghae expressways, the opening of theYangyang international airport and theexpansion and repaving of main nationalroads and multiple double track railway links.

Overview of Gangwon Province- Area: 16,874km2 (17% of national area)- Population: 1.54 million (3.2% of national total)- Administrative units: 18 cities & counties (7 cities, 11

countries)- Industrial complexes: 1 industrial complex, 9 regional

industrial complexes and 23 green industrial complexes- Features:·Adjacent to the Seoul metropolitan area (25 million

population base)·Annual tourists: 90.93 million (2009)·300 resort facilities including ski, golf and rafting facilities·High-quality human resources base of 21 universities and

28 graduate schools

�Designation of “Olympic Privileged Zone” to proceed of its related legislation

�Designation of Privileged Zone to apply “Permanent Residency for Foreign investors”(schedule) - Grand Permanent Residency for foreigner who invests exceed US$ 1,000,000 or KW 1,000

million to purchase Condominium and/or Leisure residence facilities and to stay more than5(Five) years (Admittance of children’ schooling, medical insurance benefited)

�Establishment of “Casino exclusive for Foreigners”, “Duty Free Shop” (schedule)

�Establishment of the Korea’s firest “Dog Racing Track”, “Horse Racing Park” (schedule)

Vision of Alpensia

What is Alpensia?

The world-class complex resort for 4 seasons

about 4.89km2 (approx. 1,216 acres)

US$ 1.5 billion ($1=1,000won)▶ Section A (Alpensia Golf & C.C)

- Troon Copper Estate (Golf course Home-295 households) (US$ 1.2~5.4 million)

- Alpensia Golf & C.C (27 holes Membership golf course)

- Management by Troon Golf INC.▶Section B (InterContinental Alpensia Resort PyeongChang)

- InterContinental Alpensia Pyeongchang Resort

(5 star Hotel, US$ 57,500~942,000)

- Holiday Inn Alpensia Pyeongchang Resort (4 star Hotel)

- Holiday Inn Alpensia Pyeongchang Suites (Condominium, US$ 25,670~686,040)

- Management by Intercontinental Hotels Group

- Conference Center, Music Tent & Concert Hall, 7 Ski Slopes, Water Park▶Section C (Sports Park)

- Alpensia 700 golf club (18-hole course, Management by Troon Golf INC.)

- Biathlon & cross-country field, ski jump ramp, main stadium (for Winter Olympics)

Business objective

Size

Investment volume

Business program

and construction

The Donghae Free Trade Zone offers excellent logistical advantages: cargo transportation byexpressway (Seoul ~ Donghae: 2.5 hrs), by national road (3 hrs through Pyeongtaek, Ansan ~Donghae or to Incheon on the west coast), from Donghae (container seaport) and by railway (directlink to the industrial complex)

∙Location : 247 Guho-dong, Donghae City∙Area : 247,734m2 out of 1,873,000m2 of Bukpyeong Industrial Complex∙Leasing period : long term leasing (50 years) for industrial development

Donghae Free Trade Zone - in the Bukpyeong Industrial Complex

Business Categories in the FTZ

Main Incentives for Donghae Free Trade Zone

- Foreign Invested Manufacturing Companies(parts industry, non-ferrous metals, ceramics, electrical industry, electronics, IT, etc.)

- Export-oriented Foreign Invested Manufacturing Companies▶ 50% or more of revenues should be accrued from exports

- Logistics Business Companies (loading-unloading, transportation, storage, exhibition)▶ 50% or more of revenues should be accrued from exports and imports

- General Incentives (Common for all)▶ Withheld customs duty for imported goods, Low rental fee, Permission to work outside the

zone, Zero tax rate for valueadded tax (VAT), Special cases such as exemption fromsurcharges

- Incentives for Foreign invested Companies▶ Exemption from rental fee payment, Tax reduction ※Expected to be nominated as FEZ in 2009

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

GA

NG

WO

N P

RO

VIN

CE

149

Summary of Project

The International Marine City of Donghae,the industrialtransportation locus ofthe Eastern Seaboard!

Sokcho Beach Resort - Urban style multi-theme aquatic beach resort

Business Overview- Location : Proximity of Daepodong, Choyang-dong in Sokcho City- Area: 237,950m2

- Project budget : KRW 223,919 million- Main facilities :

▶ Specialized facility : Aquatic beach club▶ Resort culture : Aqua park, roleplaying game theme park▶ Accommodation facility : Aqua condominium (Villa + Tower style)▶ Shopping facility : Pedestrian street type shops, aqua mall

- Population (Sokcho City) : 86,104 (as at 2008)- Weather : Annual average temperature 13C (Average in January : 0.7C, Average in August : 24.9C)

Annual average precipitation : 1,264mm

Investment Environment

General Status

- Location : Located within 10 minutes from downtown Sokcho, the nation's greatest sightseeingdestination

- Accessibility : ▶ 2.5 hrs from Seoul▶ Dongseo Expressway (No.60, completed by 2015), Donghae Expressway (No. 65), Seoul-

Sokcho express railway (completed 2020)▶ Sightseeing places : Seorak Mountai, Seorak Aqua World, Seorak Waterpia, Sol Beach Aqua World

Continuation of expanding theinternational Routes- Add new destination to Japan, China,

Southeast Asia, and other areas- Provide special financial incentives to the

airlines serving Cheongju- Eliminate Passenger Facility Charge for

foreign visitors- Offer 50% discount parking rate for

International Passengers- Promotion of Korea-China Free Air Traffic

Zone

Expansion of AirportInfrastructures- Expansion of Railways: Cheonan to

Cheongju Int'l Airport and Daejeon toCheongju Int’l Airport

- Offering more public transportation servicesto Seoul Metro Area and to Daejeon

- Expansion of Airport Infrastructure for futuregrowthExpansion of main runway from 2,743m to4,000mExpansion of Cargo Terminal from2,257m2

to 25,000m2

Cheongju International Airport Development Plan

•New North East Asia MRO hub at Cheongju International Airport (1hour flying distance fromChina and Japan)•Government's commitment to build net generation MRO Hub of North East Asia※Chungbuk has been designated as Strategic foothold of future aerospace MRO industry by

Ministry of Knowledge Economy

•Great advantages to its business partners and to the future MRO customers• Focus on North East Asian market, Cheongju MRO Cluster can start business with Heavy

Maintenance & Components in 2012•Emerge as the new leader of IT based Next Generation state-of-the-art MRO Cluster

Cheongju MRO Cluster Intro

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

CH

UN

GC

HO

EN

GB

UK

-DO

151

Government to guarantee the lowest land lease rates- Chungcheongbuk-do will lease the land at $1.50/year per square meter

Runway Extension Plan- Current 2,743m will be extended to at least 3,200m or longer

MRO R&D Center- Government plans to build R&D supporting Centers to promote new technologies for the next

generation MRO($35million budget)

MRO job Training Schools- Government will provide incentives such as free lodging and scholarship- Students will work for the MRO Cluster as the compulsory duty for mandatory period at low cost

wage- The MRO Special Purpose High Schools will be the main source of low cost and high quality

MRO technicians

Training Service- Home Grown Technician Training

from local high schools andcolleges

- Continuous Educational Services tohelp reinforce competencies ofengineers and the management

Korea-China FTA (highlyprobable)- Korea and Chain to sign FTA:

Chinese carriers to use KoreanMRO services

Specific Development Plan of Cheongju MRO Cluster

Investment Promotion & Business Support DivisionChungcheongbuk-do Provincial Government

82 Sangdang-ro, Sangdang-gu, Cheongju-si, Chungchoengbuk-do, Republic of Korea 360-765Tel. 82-43-220-3231~6 Fax. 82-43-220-3319 http://www.cb21.net http://chungbuk.investkorea.org

Government Support- Commitment to grow MRO Industry by

Chungcheongbuk-do- Customized supporting programs

Strategic Location- Cheongju Int'l Airport ready for new MRO

business- Within one flying hour to China and Japan

Education/Training- Over 20 colleges & universities- ROK Air Force Academy

Business Environment- Outstanding logistics supports- Existing rotorcraft MRO facilities

Competitive Advantages for Cheongju MRO

The MRO Hub in Northeast Asia

Chungcheongbuk-do

Gyeongsangbuk-do • LocationLocated in southeast of Korean Peninsula (170~430km from Seoul)19,026km2 (19.1% of S. Korea, largest provincial territory)

• GRDPKRW 64 trillion (as of 2008)

• Population2.7 million (5.5% of S. Korea)

• ExportsUSD 47.6 billion (as of 2008)

• Number of active companies10,829 (as of 2008)

• Inbound FDIUSD 7.5 billion (as of 2008)

• Human resources / R&D infrastructure210,000 enrolled students in 41 universities14,000+ professional researchers in about 600 R&D facilitiesBiz-academy collaboration programs (170 companies / 17 universities)Linear particle accelerator & proton accelerator for use

Greeting to EUCCK members,

As you may not hear about Gyeongsangbuk-do, commonly abbreviated to“Gyeongbuk”, as much as you may about Seoul and its surrounding areas, Gyeongbukis an attractive and vibrant region where traditions are coexistent with hi-tech industries,overwhelming hospitalities are fulfilled anywhere, and biz-friendly SOCs are ready at yourservice.

As taken the leading role in Korea’s economic success for several decades, we areimplementing the key initiatives to prepare for forthcoming EU-Korea FTA era, suchefforts include lowering legal obstacles opposed to business activities, providing moreaggressive incentive packages, and improving living standards enough to make overseasresidents feel at home.

Uncertainty of investment amplified amid the recent global economic crisis, however Iwould like to assure you that crisis is so to say opportunity. I sincerely hope that youwould take a bet completely reliable and utterly favorable for you. Yes, we are ready to listen to your high expectation. Thank you

Kim, Gwan Yong

Governor, Gyeongsangbuk-do

Governor’s Message

Gyeongsangbuk-do General Facts

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

GY

EO

NG

SA

NG

BU

K-D

O

153

• GroundReachable to greater Seoul areawithin 100 min. (KTX)7 railways, 97 stationsCrisscrossing 8 expressways, 20national, 48 regional highways

• AerialDaegu & Gimhae int’l airports: directaccess to Japan, China, Pan-pacific

• MaritimeAccessible to Busan port (largest inKorea) within an hourPohang (Youngilman) port : 44 mil.tons/yr

Total 90 industrial complexes - Total areas of 104km2 (6 national, 30 local, 54 agro-industrial)Knowledge-integrated FEZ (free economic zone)- 5 zones of 23.6km2 [Gumi, Gyeongsan, Pohang, Yeongcheon(2)]Components & Material-exclusive Industrial Complex- Gumi: 255,000m2 (within the 4th nat’l industrial complex)- Pohang: 330,000m2 (within Youngliman Supporting

industrial complex)Pohang Free Trade Zone- 1.4km2 within Youngliman Supporting industrial complex- Business category: R&D based manufacturing and steel-

related industriesNew industrial complexes under construction- Gumi the 5th nat’l industrial complex (9.9km2)- Pohang nat’l industrial complex

(9.29km2)- Youngilman Supporting industrial

complex (5.8km2)

express Way extantplan

railroad extantplan

express planrailroad train station

under constructionunder plan

Legend

industrialdistrict

Investment Sites Preview

Logistics & Transportation Components & Material Exclusive Industrial Complex in Gumi• Investment Environment

Asia’s largest IT industry cluster: about 1,850 IT components manufacturersDistribution routes, network (Daegu Airport and 5 expressways, etc.)DGFEZ (Free Economic Zone) and the 5th nat’l industrial complexesOnly 100 minutes away from Seoul via KTX (express train)Focus on secondary cell and renewable energy as new growth of engine

• R&D EnvironmentApplication Research : Gumi Electronics and Information Technology Research Institute, DigitalTV Research Institute, Display Research Laboratory, Science Research District, Gumi MobileTest FieldIn vicinity : DGIST, Gyeongbuk University Embedded Software Research Center, UbiquitousTechnology Research Center, Gyeongbuk Hybrid Technology Institute

• Major Companies

Domestic Companies Overseas Companies

Details of complex

Location : Gumi National Industrial Complex 4

Area : 255,000m2

Year of Estabishment : 2008

Preferred Industry : IT, electrical equipment,

electronics, renewable energy parts

Investment Merits

Asia’s largest cluster of IT-components

businesses

cluster of some 1,800 material-components

businesses, including 45 japanese firms

※ Gumi National Industrial Complex 5 under

construction(929 millonm2)

Components-Materials Exclusive Industrial Complex

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

GY

EO

NG

SA

NG

BU

K-D

O

155

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

GY

EO

NG

SA

NG

BU

K-D

O

157

• Investment EnvironmentDesignation of DGFEZ and Pohang nat’l industrial complex3 int’l airports within an hour (Pohang, Daegu, Busan)Annual 240,000 TEU, 11.5 million tons of cargo through Yeongilman PortPresence of the world’s 4th largest steel supplier POSCOProximity to related industries, including shipbuilding and automobile

• R&D EnvironmentFundamental Research: Pohang Accelerator Laboratory, POSTECH Biotech Center,Nanotechnology Cluster CenterApplication Research : Pohang Research Institute of Science and Technology, Pohang Instituteof Intelligent Robotics, Pohang Institute of Metal Industry Advancement

• Major Companies

• Business IncentivesFree use of land up to 50 yrs Tax breaks: corporate tax(100% exemption for 3 yrs, 50% reduction for 2 yrs)Local tax reduction / exemption up to 15 yrsCash grant available for IT, automobile parts and renewable energy businesses

Components & Material Exclusive Industrial Complex in Pohang Green Energy Industry

Components-Materials Exclusive Industrial Complex

Details of complex

Location : Poharg Yeorgilman Industrial Complex

Area : 331,000m2

Year of Establishment : 2009 Preferred

Industry : new material, automobie part

Investment Merits

Srangthening of compativeness through cooperation

between steel materals and automobile parts

industries

Establishment of componerts-material industry belt

throughout Ulsan, Pohang and Gyeongju

※Pohang National Industrial Complex under

construcion(991millonm2)

Domestic Companies Overseas Companies

• Related ProjectsGreen Energy-exclusive industrial complex- Location: Gyeongju city- Area: 3.3km2- Business focus: formation of exclusive ind. complex for

green energy-related & providing special incentivepackages for land/tax

East Sea Energy Cluster- Subject areas: Pohang, Gyeongju, Yeongdoek, Uljin- Project periods : 2006~2021 (15 yrs)- Estimated spending : KRW 4.4 trillion- Contents : achieving emission-zero regions substituted by

green energy sources (photovoltaic, wind, fuel cell, etc.)

• Gyeongbuk Green Energy Map

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

GY

EO

NG

SA

NG

BU

K-D

O

159

Investment Promotion Div., Province of Gyeongsangbuk-do,

60 Yeonamno, Buk-gu, Daegu, Korea 702-702

John Chung / Investment ConsultantTel : 82 53-950-2175 Fax : 82 53-950-2178

E-mail : johnchung@korea.kr

| CONTACT INFORMATION |

Gumi Digital Industry ZoneMobile R&D CenterInternational Technology InvestmentFinance CenterGlobal R&D Center

Gyeongsan AcademicResearch Zone

International Education,Research ZoneU-IT R&D CenterInternational Education Park

Pohang Fusion Technology Industry ZoneFusion Technology ComplexBio-medical materials, componentsGlobal Education Culture Town

Yeongcheon High-Tech Park ZoneHigh-Tech MechatronicsIntelligent Automobile Parts ZoneFuture Automobille Theme Park

Yeongcheon High-Tech Parts & MaterialIndustry Zone

Hybrid Automobile PartsEmbedded Automobile Technology CenterAutomobile Parts Research institute

• Investment EnvironmentEasy-to-access transportation network: Daegu International Airport, Pohang Port, ExpressRailway(KTX), national highways(7)Advanced R&D centers: Gumi Electronics & Information Technology Research Institute(GERI),Gyeongbuk Hybrid Technology Institute(GHI), Pohang Accelerator Laboratory(PAL), PohangInstitute of Intelligent Robotics(PIRO), DGISTReasonable investment spending: relatively less initial investment comparing with other FEZs interms of overall land purchase, living expenses, etc.

• Zonal SpecificationNakdong IT Valley- Gumi Digital Industrial Zone: Mobile R&D Center, Green Energy, Global R&D CenterGeumho River Technology Service Valley- Gyeongsan College Zone : college district, international education park, U-IT R&D center,

medical industrial zoneYeongcheon Component and Material Valley- Yeongcheon High-tech Park Zone : high-tech mechatronics industrial district, future automobile

theme park- Yeongcheon High-Tech Components-Materials Industrial Park : Hybrid Technology Center,

auto - parts, Embedded Technology CenterPohang R&BD Valley- Pohang Fusion Technology Industry Zone : Fusion Technology Complex, Bio-medical

technology, material-parts production zone, International Knowledge Business Park

• ObjectiveTo setup core medical & pharmaceuticalinfrastructurePolicy & financial supports tocommercialize R&D outcomeAiming at world-class medical cluster

• Project outlookMain location: Daegu (subsidiary location :Gyeongbuk)Periods : 2009~2038 (phase I by 2012)Estimated budget : USD 6 billion (1.2 bil.for phase I)

• Major ContentsCore infrastructure setup : 330,000m2Pharmaceutical / medical equipmentdevelopment, clinical test centerSupporting facility setup : 660,000m2Cell·gene bank, overseas R&D institutesinducementResidential area setup : improving livingstandards for foreign residents

• Infrastructure & Human ResourcesMedical-related colleges- Integration of 6 medical, 2 pharmacy, 1

dental, 2 nurse training colleges (highestdensity next to greater Seoul area)

POSTECH : Asia’s best R&D orienteduniversity

- Ranked 11th in the list of top-worldcolleges by UK’s The Times (selected in 2007)

- 60 R&D facilities with over 2,500professional researchers

Daegu-Gyeongbuk Free Economic Zone (DGFEZ) Hi-tech Medical Complex Project

• Total Area: 743.81 km2 (Seoul: 605 km2)• Population: 1.1 million• Finance: 2.3 trillion KRW (Ulsan: 2.6 trillion KRW)• Gross Regional Domestic Product: 28.3 trillion

KRW (Daejeon: 20.8 trillion KRW)• Export: 29 billion USD (Busan: 10.2 billion USD)• Annual Average Temperature & Precipitation:

15°C/ 1,395mm• Housing Supply Ratio: 101.8%• Paved Road Rate: 96%• Water Supply Rate: 95.8%• Schools: 223 schools (Primary schools: 105,

Middle schools: 62, High schools: 46,Universities: 6, Special schools: 4)

Changwon, a beautiful city surrounded by mountains and the sea, is a competitive city with richhistory and culture.

CHANGWON CityCHANGWON is:

becoming a leading city in the world,

tomorrow’s industrial hub of Northeast Asia.

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

CH

AN

GW

ON

CIT

Y

169

• Free Economic Zone and Free Trade Zone• Logistics cluster centered on Busan New Port• Center of national enterprises including shipbuilding, machinery, and auto industries

• New and renewable energy industry development with Korea Electrotechnology Research Institute• High value added machine components industry development with Korea Institute of Materials Science• Outstanding labor force from 27 universities and 17 colleges in and near Changwon

• Mild climate, fresh air, and beautiful rias coast• Wide plains and balanced residence, business, industry and green zone• New marine tourism and leisure development including robot land, water

world, marina resort, and international cruise services

Major cities of Northeast Asia including Beijing, Shanghai, Tokyo, Osaka, Hongkong, and Bangkokare accessible within 2 hours by airplane.Busan New Port and Masan Port are transshipment ports linking with major feeder ports.

• 25% of World Population• 27% of World GDP• 20% of World Trade Volume

Northeast Asia, one of the world’sthree economic pillars, is expectedto take up a third of the global tradevolume. Changwon is at the centerof Northeast Asia.Natural environment, globalbusiness markets, the best logisticsand transportation networks ofChangwon promise better future.

• AccessibilityChangwon has the most convenient and accessible network of ground, marine, and airtransportation.- Namhae, Gyeongbu, Jungbu Naeryuk, Daejeon-Tongyoung Expressway Area- 30 minutes to Gimhae International Airport by car, 60 minutes to Seoul by airplane- 150 minutes to Seoul from KTX ChangwonJungang stn., Changwon stn., and Masan stn. by train- 30 minutes to Busan New Port and 20 minutes to Masan Port by car

Business Profile

Vision & Strategy

General Features

Global Business Network

R&D Cluster with Corporations, Research Centers, and Universities

Paradisiacal Environment and World Class Leisure Complex

The Strategic Center of Northeast Asia

Northeast Asian Hub City with Vast Neighboring Markets

Changwon National Industrial Complex

‘World Class Products’ are selected from goods and services with a ranking within the top five interms of global market share, a global market size greater than 50 million USD, and over 10percent of global market share.

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

CH

AN

GW

ON

CIT

Y

171

Industrial Facilities

17,242

Supporting Facilities

2,065

Public Facilities

3,708

Green Zone

2,287

Microwave, Refrigerator,rowave, Refrigerator,Electronics

Midsize Petroleum Productstroleum ProductsCarrier, LCarrier, Large Diesel Engine,

Cylinder Liner

Seawater Desalinationawater DesalinationFaFacility, Ship Components

Machine Transportation Equipment Steel Electronics

46% 10% 5%15%

Machine 64%

Steel 10%

Electronics 8%

TransportationEquipment 16%

etc. 2%

World Class Products Masan Free Trade Zone

Changwon is an attractive business city with a high growth potential through its global industrygroups and high-tech industry clusters.

• Area: 25,302 km2

• Number of Employee: 82,000• Volume of Manufacture: 40.1447 trillion KRW• Amount of Export: 15.217 billion USD• Production Rate by Industry: Machinery 64%, Transportation Equipment 16%,

Steel 10%, Electronics 8%, Others 2%

Zone 1

535

Zone 2

258

Zone 3

160

• Area: 953 km2

• Number of Employee: 8,200• Amount of Export: 3.85 billion USD• Tenant Companies: 90 manufacturers and 70 logistics, customs, and finance supporting

companies

Busan-Jinhae Free Economic Zone

• Objective: Foreign Corporations’ Business Environment Development, Foreign InvestmentPromotion

• Location: Jinhae-gu, Changwon and Gangseo-gu, Busan• Area: 104.8 km2

• Project Cost: 14.9 trillion KRW• Target Industries: High Tech Industry, Logistics, Tourism, Leisure, International Business,

Education• Project Period: 2003~2020• Expected Population: 255,000

( Unit: km2 )

( Unit: km2 )

| Percentage of Production in Changwon NationalIndustrial Complex

• 3,406 companies with 117,512 employees

• 51 Large Corporations with 51,043 employees

• 293 Medium Corporations with 30,914 employees

• 3,062 Small Corporations with 35,555 employees

| The Productivity of Changwon in Korea

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

CH

AN

GW

ON

CIT

Y

173

Waseong District

• High Technology Industry & Resort Project• High-tech industry and recreation site will be developed based on the huge neighboring

markets of BJFEZ.• Location: Waseong Bay, Nammun-dong, Jinhae-gu, Changwon• Area: 796 km2

※ Public Facilities Area: 244,500 m2 , High-tech Industry Area: 174,800 m2

Tourism Facilities Area: 376,700 m2

• Project Cost: 376.5 billion KRW• Developer: Changwon City, Investors Invited

Munhwa District

• Ungcheon Kiln Site RestorationProject

• The grayish blue powderedceladon of the Joseon periodused to be produced here; it isalso presumed to be the homeof Ido tea bowls. With thebeautiful southern coast ofKorea and rich history andculture of ceramics, it will beone of the best touristattractions.

• Location: San 147 Du-dong,Jinhae-gu, Changwon

• Area: 165 km2

• Project Cost: 26.5 billion KRW(Public: 12.3, Private: 14.2)

• Facilities: Exhibit Hall,Experience Hall, Traditional Kiln,Ceramics Gallery, Teahouse

• Developer: Changwon City,Investors Invited

Ungdong District

• Tourism and Leisure Complex Project• ‘Ocean Resort’ will be developed in consideration of the beautiful ocean and environment.• Location: Ungcheon-dong, Jinhae-gu, Changwon• Area: 2,258 km2

• Project Cost: 307 billion KRW• Facilities: Golf Courses, Water Park, Foreign Hospitals & Educational Institutions, Hotels• Developer: Changwon City, Gyeongnam Development Corporation, Investors Invited

Nammun District

• Designated as a Foreign Investment Zone (Oct. 2010)• With the best logistics infrastructure, it will be the center of the southeast of Korea.• Location: Nammun-dong, Jinhae-gu, Changwon• Area: 1,087 km2 (FI Zone: 71.368 km2)• Project Cost: 311.2 billion KRW• Target Industries: Mechatronics, Shipbuilding, Auto Parts, Other Manufacturing Industries• Eligibility: Enterprises with a foreign stake of at least 30%• Rental Price: Within 1% of the purchase price of the land (Renewable within 50 years)※Project with foreign investment over 20 million USD

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

CH

AN

GW

ON

CIT

Y

175

Locational Subsidy

Cash Support

Employment Subsidy

Training Subsidy

Facility Subsidy

Facility Support

Public Property Lease &Sale Incentive

Tax Reduction

Incentive for largeinvestment Corporationboosting regionaleconomy

• Sales price subsidy to rent land or provide facility site at a low cost (Within 50%of sales price. Project in business plan should be continued at least 10 years)

• Highly advanced technology, Industry support services, and ComponentIndustry: More than 10 million USD

• R&D Center: More than 5 million USD

• 5~15% of FDI will be provided for land acquisition, construction, and equipmentpurchase (Not stackable with any other subsidy)

• Up to 5 years and 200 million KRW, 1 million KRW for each additional employeewithin 6 months to the company hiring over 20 new employees

• Subsidized employees should be hired more than 3 years

• 0.1~1 million KRW for each additional employee within 6 months to the companyhiring over 20 new local employees

• Only for training program by professional education institution (Enforcementregulations No. 13)

• Up to 200 million KRW, within 2% of excess facility price over 3 billion KRW

• Within 50% of total project & operating cost for international school construction

• Up to 200 million KRW, within 20% of project cost for hospital, drugstore, andhouse after deliberation

• Exemption: Highly advanced technology related project with investment over 1million USD & Project with foreign investment over 20 million USD, Project withover 300 average employees per day, Project exporting 50% of total productionand using only domestic components and raw and subsidiary materials

• 75% Reduction: Project with investment between 10 million and 20 million USD,and 200 to 300 average employees per day

• 50% Reduction: Project with investment between 5 million and 10 million USD,and 100 to 200 average employees per day

• Highly advanced technology and Industry support services, Individual foreigninvestment zone

• Corporate tax & Income tax: 100% for 5 years, 50% for 2 years

• Acquisition tax, Registration tax, & Property tax: 100% for 15 years

• Foreign Company: Investment over 300 million USD or over 1,500 regularemployees per day

• Company with over 500 regular employees

※Eligibility: Company with more than 30% of foreign investment or foreign largest stockholder

Incentives

Festivals

Myeongdong Ocean Tourism Complex

• International Ocean Leisure Sports & Resort Complex• Beautiful marine environment and onshore tourism resources can be linked after the

development of marina hub of southern coast of Korea and international ocean leisure sportsand resort complex.

• Location: 7 islands and coast, Myeong-dong, Jinhae-gu, Changwon• Area: 2,500 km2 (Land: 275 km2, Island: 736 km2, Coast: 1,489 km2)• Project Cost: 370.9 billion KRW (Public: 93.1, Private: 277.8)• Facilities: Marine Park, Marina, Hotels, Pension, Over Sea Cable Car, Observatory• Administrative Support: Infrastructure including breakwaters and road

Administrative procedures including approval• Developer: Investors Invited

Gusan Ocean Tourism Complex

Gunhangje(Cherry Blossom Festival)Cheonjusan Mountain Azalea FestivalJinhae International Military Band & Honor Guard FestivalChangwon FestivalGagopa Chrysanthemum FestivalJunam Migratory Birds Festival

• International Tourism & Resort Complex linked with the Robot Industry• Robot theme park linked with industry and beautiful ocean tourism resources will help to

develop the world-class tourism and resort complex.• Location: Gusan-myeon, Happo-gu, Changwon• Area: 3,807 km2 (Land: 3,682 km2, Coast: 125 km2)• Project Cost: 983.1 billion KRW (Public: 270.1, Private: 713)• Facilities: Marina, Hotels, Water Park, Wellness Town• Administrative Support: Infrastructure including road and water supply and sewage system

Administrative procedures including approval• Developer: Changwon City, Investors Invited

| CHANGWON INVESTMENT PROMOTION DIVISION

Changwon City Hall, Yongho-dong, Uichang-gu, Changwon, Gyeongnam, Korea

TEL +82-55-225-2661 / FAX +82-55-225-4709 / HOMEPAGE www.changwon.go.kr

Goyang City

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

GO

YA

NG

CIT

Y

177

Goyang City was selected as one of the world’s tenhottest cities that attract the world’sattention(Newsweek 2006)

Pleasant City of Environment located near Seoul

Now, Goyang, with its long history and tradition, has become the leading city of Korea in the 21stcentury.Goyang is recognized for its optimum urban infrastructure, consisting of an evergreen residentialenvironment, systematic city traffic, international-level cultural and sports facilities, a balancedwelfare system, open and citizen-oriented municipal administration, value-added industrialfacilities, and an active local economy.Goyang, a city famous for the its International Flower Exhibition, is emerging as a center ofinternational trade supported by its international exhibition center, culture and trade complex, andlarge flower garden that will soon be established here.Goyang will remain an evergreen city of future that takes care of even a single blade of grass,together with citizens.Although Goyang is located north of Seoul, the Freedom Road and the Seoul Outer circulationRoad guarantee its proximity to nearby regions. In addition, Goyang City has been attempting toestablish a smart traffic system, to Plan a downtown railway, and to make Gyeongui railroad adouble-track electric railway, so as to make the traffic condition even more convenient.

Goyang, the city whose people are more beautiful than flowers

Come to the International City, Goyang City

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

GO

YA

NG

CIT

Y

179

City of Transport accessible from all directions

City of Transport accessible from all directions

•Government’s 20% refund policy for over 5 billion won overseas project’s domestic location •It ranked first among domestic location shooting venues•34 billion won of Goyang broadcast media fund created•50 billion won of broadcast media enterprise credit financing created•Continuous business support like overseas expenditure support, marketing and publicity

Attractiveness of Broadcast Media Industry

Emerging as a Mecca for Broadcast Media

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

GO

YA

NG

CIT

Y

181

Investment proposal: 6.05 million level of average land price at Samsong District(Supplying 80% of land preparation price)

: Tax support, fund support, credit financing support and others (Goyang City)

Proposal to attract businesses: Relevant academy companies, CG/3D businesses, film producing companies: Within Janghang-dong Culture Industry District: Exemption of acquisition tax and registration tax and 50% reduction of property tax

Proposal for Goyang City Filming Location: Use of Aqua Studio at cost price: Government’s support for refund + Goyang City’s separate support for refund

Proposal to attract investing companies to Goyang City

Situated northeast from Seoul, the capital city of Korea, Namyangju is the most competitive and

opportunisitc city among the 31 cities in Gyeonggi Province which is garnering the world’s

attention. Namyangju is developing into an industrial mecca (e.g. Jingwan Industrial Complex,

Palya Industrial Complex, Geumgok Industrial Complex) thanks to its favorable investment

conditions, such as convenient transportation infrastructure, relatively affordable land and wide

talent pool. As an urban-rural complex city, Surak Mountain, Cheolma Mountain and

Chungnyeong Mountain is located on the northside and Bukhan River flows on the southside. The

city’s scenic beauty and clean air provides a pleasant residential environment and has attributed to

developing the tourism industry as well as the primary industry (especially the organic agriculture

industry). Furthermore, Namyangju’s urban area has numerous industrial complexes and large

residential sites and a wide talent pool. EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

NA

MY

AN

GJ

U C

ITY

183

Namyangju CityWe invite you to Namyangju, a green city with abusiness-friendly environment!

Namyangju at a glance (general information)

Namyangju’s past and present

Namyangju’s vision and strategy

We introduce you to Namyangju, a city that is ceaselessly developingand growing!

Area 458.5 km2 1. Citizen-oriented transparent administration2. 3.3.4 green city3. People-oriented welfare culture4. Future-oriented welfare education5. Vibrant industrial economy

PopulationPopulation increased

287,000 from 1995

(integration period)

Population 564,141

GRDP UD$5.5 billion

Company 23,034

1995 268,000 people

2005 454,500 people

2010 564,141 people

Schools (opened)

1995 45 schools

2005 75 schools

2010 102 schools

Plants

1995 787 plants

2005 964 plants

2010 1,774 plants

Housing

1995 53 units

2005 128 units

2010 211 units

Namyangju is growing into an industrial city and offers an attractive business environment for

investors. Four reasons to invest in Namyangju:

1) Affordable land for saleNamyangju’s geographical conditions are favorable to businesses and land is available for sale at

an affordable price compared to that of Seoul and southwest metropolitan areas. This is an

attractive factor for investors as it reduces the burden of cost.

2) Ideal location for business growth As a traffic hub, Namyangju’s road network includes expressways, national highways and local

roads. Namyangju has subway systems (e.g. Central Line, Seoul-Chuncheon Line) and is planning

to extend the Seoul subway lines 4 and 8. The city is also closely connected to major

transportation facilities such as Incheon International Airport and Pyeongtaek Port.

3) Wide talent poolManpower is essential for businesses to develop. Namyangju has a wide talent pool (graduates

from neighboring Seoul’s universities) and population inflow is continuing thanks to large land

development projects. This provides businesses with a wide pool of talent to choose from.

4) One-stop business support serviceNamyangju City operates the “Business Support Center” to provide high-quality administrative and

financial services to businesses. The “Business Support Center” offers support and resolves

difficulties related to issues from plant construction to business management. Namyangju City’s

business support policies have earned high praise from the government.

Ideal business environment!

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

NA

MY

AN

GJ

U C

ITY

185

[Excellence award based on evaluation by government bodies] Evaluation on handling business problems (2007): Gyeonggi Province (Best Award)

Evaluation on business innovation (2007): Ministry of Commerce, Industry and Energy (Excellence Award)

Evaluation on promoting public procurement (2008): Prime Minister (Excellence Award)

Evaluation on policies to revive the regional economy (2008): Ministry of Public Administration and Security

(Excellence Award)

Evaluation on job creation in 1H (2010): Ministry of Public Administration and Security (Excellence Award)

Evaluation on service excellence (2010): Ministry of Public Administration and Security (President’s Award)

Continued operation of the proactive business problem handling system•Establishment of a business SOS system, providing advice by business experts

•Voluntary composition of a business community, holding tour conferences

Continued provision of customized business support service•CEO academy

•Funding, export, technology development, design, credit guarantee, etc.

Promotional marketing (IR) of strong-performing companies (once a month)•Promoting the purchase of products by companies in Namyangju

•Promoting public-related projects (construction design, urban development)

Resolution of plant-related complaints•Handling complaints accurately, efficiently and

quickly (complaint handling time reduced by

50%)

•Handling the pre-registration review process

Supply of industrial sites ideal for businesses•Creating provincial industrial complexes,

designating a quasi-industrial complex within a

concentrated area of plants

•Creating a mini complex fit for individual

businesses, promoting investment

[Key Contact Information]

Namyangju City provides active and unconditional support to companies doing business in

Namyangju. Currently, there are approximately 3,400 manufacturing companies (including non-

registered companies) and the number is growing 10.6% (or 148 companies) each year and as

such, 864 jobs are being created every year. Also, Jingwan Industrial Complex, Palya Industrial

Complex and Geumgok Industrial Complex located in Jingeon-eup and Jinjeop-eup is laying the

basis for companies to steadily grow.

1. Jingwan Industrial Complex•Location: #850-3, Jingwan-ri, Jingeon-eup,

Namyangju-si

•Sectors: Non-metallic mineral product

manufacturing (flagship sector) & nine others

•Area: 142,000m2

•Land supply method: Pre-sale (98,320m2), not

available for lease

2. Palya Industrial Complex •Location: #31, Palya-ri, Jinjeop-eup, Namyangju-si

•Sectors: Other machinery and equipment manufacturing (flagship sector) & five others

•Area: 210,587m2

•Land supply method: Pre-sale (76,210m2), lease (30,503m2)

3. Geumgok Industrial Complex•Location: #140-5, Geumgok-ri, Jinjeop-eup, Namyangju-si

•Sectors: Medical/precision/optical device and clock manufacturing (27 companies) & four others

•Area: 130,383m2

•Land supply method: Pre-sale (53,388m2), not available for lease

Namyangju, Korea’s mecca of organic agriculture and slow food Namyangju is to host the 17th Organic World Congress in 2011

and is bidding to host the Slow Food International Conference in

2012.

Namyangju, ideal city for investment!

Namyangju, a reliable investment partner! Namyangju is known as a ‘reliable business partner’ among companies doing business in the city,

mainly attributed to actively and quickly resolving business complaints and problems through the

Business Support Center. Based on the motto of ‘business-oriented, field-oriented, service-

oriented’, the Business Support Center is a customized system that is comprehensively and

systematically run to continuously assist and satisfy businesses. Namyangju will concentrate on

remaining a reliable partner in order to ensure a successful symbiosis with businesses.

Namyangju City’s Business Support Center looks after the interests of businessesIn order for companies to well adjust, Namyangju City uses various methods to actively support

businesses and runs the Business Support Center (established in September 2007) to resolve

business problems.

Good Partners for Investment

Business Support Division (Business Support Center) ■Investment Promotion Team / E-mail: osjas@korea.kr ■Tel: 82-31-590-2281, 82-31-590-2277, Fax: 82-31-590-2279

Gangnam-gu is located in the southeastern part of Seoul, the capital city of South Korea. The

climate of the area brings four distinct seasons while the average annual temperature is 10 ~ 16℃

with the hottest being August at 25.3℃ and the coldest being January at -1.7℃

In Gangnam-gu, there is a well-organized road network, and each street has its own

characteristics. The area around the Teheran Road, where the Trade Center, City Airport Terminal,

and ASEM Center are positioned, is home to new venture businesses and high-tech industries as

well as the existing trade and finance sectors. Particularly, Gangnam-gu is the international

business hub where many international trade and finance-related businesses, major large

conglomerates and multinational companies are located. COEX, located also in this area, is the

conference center which can host large-scale conference and exhibitions.

The Coex Center in Seoul is Korea’s venue of choice, providing more than 20 years of experience

and know-how in the local MICE industry. Coex is conveniently located in the heart of Seoul’s

business district, and in-house facilities include major 5-star hotels, a huge shopping mall,

numerous theaters and art spaces, and an advanced IT infrastructure to ensure that all your needs

-- business, entertainment, shopping, or culture -- are met right here under one roof.

The center consists of four main

exhibition halls and 54 meeting rooms,

and hosts a yearly average of 200

exhibitions and over 2,000 separate

meetings and events. Convention and

conference spaces include two theater

stages, a state-of-the-art auditorium, an

elegant Grand Ballroom, a stately and

historic circular summit hall, and more.

Coex’s numerous and diverse meeting

rooms have maximum capacities that

run from 12 people to 7,000, ensuring

that any event will be accommodated,

regardless of its size or character.

Coex is also proud to be known locally

as an environmental innovator and

pioneer in Korea’s commercialized

green technology sector, and has been

extensively renovated in recent years in

order to build on its green philosophy. In addition to using energy-efficient technology throughout

the complex, Coex also works with meetings planners to help facilitate greener meetings practices

during every event.

One place for buying, seeingand eating - COEXAs the world’s top general exhibition hall, it’s amecca for global business in transportation,communication and advanced businessinfrastructure. The COEX Mall is especially theone-stop spot where you can enjoy variousfacilities as well as culture, entertainment,shopping and food.

•Webpage : www.coex.co.kr

COEX Aquarium•Webpage : www.coexaqua.co.kr

Megabox Cineplex•Webpage : www.megabox.co.kr

Hosu Food Court, Hosu Food Shops

Pulmuone Kimchi Museum•Webpage : www.kimchimuseum.or.kr

Hyundai Department Store (COEX Branch)•Webpage : www.ehyundai.com

Bandi n Lunis•Webpage : www.bandinlunis.com

Evan Records

Sevenluck Casino•Webpage : www.7luck.com

High-Tech Business Valley,Teheran-roThe round 10 lanes which cross Gangnamregions from the east to the west, it takes a roleof a global business mecca with activeinternational trade and financing. Many ventureenterprises and skyscrapers are located here. Itspresent name is in memory of Teheran mayor’svisiting Seoul in 1977 and the sister-cityrelationship between Seoul and Teheran. Ofcourse, there’s ‘Seoul Street’ in Teheran City.Pass through Daechi-dong ~ Yeoksam-dong ~Samseong-dong

2010- G20 Seoul Summit 2010- United Nations World Conference on Arts Education - XXIII International Union of Forest Research Organizations

World Congress

2008- Asian Pacific Association for the Study of the Liver- OECD Ministerial Meeting on the Future of the InternetEconomy- 17th International Federation of Automatic Control World

Congress- XVIII World Congress on Safety and Health at Work

2006- International Horticultural Congress IHC 2006- World Congress of Biomedical Laboratory Science

2009- Asia Petrochemical Industry Conference- World Information and Communications Summit 2009- ISIT(International Symposium on Information Theory)- DICON(Digital International Content Conference)- 14th Asia Pacific Retailers Congress & Exhibition- The 14th Congress of the Asian Pacific Society of Respirology

2007- World Conference on Lung Cancer- ISPRM(International Society of Physical and Rehabilitation

Medicine)- International Hospital Federation Conference

- The 9th Congress of the WFNMB- The 61st Junior Chamber International(JCI) World Congress

※ The large scale of international conferences held in COEX are as below:

COEX AquariumX Aquarium

Megabox Cineplex

Sevenluck Casino

Pulmuone Kimchi Museum

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

GA

NG

NA

M-G

U

187

Gangnam-gu where tradition and modernity coexist.

www.gangnam.go.kr

Special rest, Five-Star HotelGangnam-gu is loved by tourists andbusinessmen for the representative five-starhotels and clean, high-quality lodging houses.Residences for long term guests are excellentwith convenient facilities and service.

First-class HotelsCOEX Intercontinental Seoul •Webpage : http://seoul.intercontinental.com

Grand Intercontinental •Webpage : http://seoul.intercontinental.com

Imperial Palace Hotel •Webpage : www.imperialpalace.co.kr

Park Hyatt Seoul •Webpage : www.parkhyattseoul.co.kr

Renaissance Seoul Hotel •Webpage : www.renaissance-seoul.com

Ritz Carlton •Webpage : www.ritzcarltonseoul.com

Second-class HotelsBest Western Gangnam •Webpage : www.bestwesterngangnam.com

Ellui Hotel •Webpage : www.ellui.com

Hotel Prima •Webpage : www.prima.co.kr

Hotel Riviera Seoul •Webpage : www.hotelriviera.co.kr

Samjung Hotel •Webpage : www.samjunghotel.co.kr

Novotel Ambassador Gangnam•Webpage : www.ambatel.com/gangnam

Hotel Ramada Seoul •Webpage : www.ramadaseoul.co.kr

Delight of the Wide Selection,ShoppingAnother delight that Gangnam-gu can give youis a wide selection of gorgeous shopping sites.You can enjoy luxury and brand shopping atthe department stores and duty-free shops andbonded and used item shopping on the themestreets. Also at the COEX Mall, you can enjoyone-stop shopping with the various convenientfacilities and cultural spaces.

Duty Free ShopLotte Duty Free(COEX Branch) •Webpage : www.lottedfs.com

Premium Medical Service inGangnam

In Gangnam-gu, there are 6 general hospitalsincluding Gangnam Severance Hospital,Samsung Seoul Hospital, Cha Hospital,Wooridul Hospital and over 2,000 clinics forplastic surgery, dermatology, dental,ophthalmology and Oriental medicine. You canreceive various medical services from skin care

to serious illness. The skill of medical workersis world-class with the best one-stop medicalservice through high tech medical equipmentsand high quality facilities. Foreign medicaltourists can especially get specialized premiumservices from medical experts who help the

whole process of medical services from entryto departure. And there are medical tourcoordinators taking charge of counseling andguidance and interpretation taking charge oftranslating between doctors and foreignmedical patients.

A fashion center for the younger generation, Apgujeong Rodeo Street

Often called the Beverly Hills of Seoul,

Apgujeong boasts brand-name boutiques,

bars, stylish cafes and restaurants.

Apgujeong Street was set up as a hub of

fashion in the early nineties and called Rodeo

Street after the Beverly Hills shopping district.

It is a street for all youngsters who want to

enjoy their prime, vitality, and individuality.

The Street Where High-end Fashion Starts.

Cheongdam-dong is one of the high-class

residential districts in Seoul. The street is filled

with world-famous designer boutiques, first

class restaurants, stylish cafes, the trendiest

bars, fancy furniture shops, and beautiful art

galleries.

Known to Koreans as “The High-end Fashion

Street,” Cheongdam-dong Street bears a

close resemblance to Champs-Elyeese Street

of Paris with its outstanding buildings and

their luxurious interiors, chic fashion flow, and

vitality.

The spirit and taste of the top international

designers are abundant in this area.

Imperial Place HotelImperial Place Hotel

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

GA

NG

NA

M-G

U

189

Rodeo Street in Apgujeong

Cheongdam-dong Fashion Street

‘It Place’ to enjoy culture and consumption.

Widely visited by youngsters and known as an ‘It Place’ to foreign visitors as well as to the localpeople, this street is no less popular than Apgujeong Rodeo Street and Cheongdam FashionStreet. Recently, outlets of some international brand-name boutiques have opened here. With itsrichness and diversity of culture and establishments, Garosu-gil(Street) is no doubt one of themost popular tourist attractions of Seoul.

Classical Beauty

Seonjeongneung, Royal Palaces & Tombs As the No.199 Historical Relic, it is a cultural asset and serves as a park in

Gangnam-gu, providing a green space for relaxation and walk for the citizens.

•Webpage : seonjeong.cha.go.kr

Beautiful Walking Trails in Gangnam

Lungs of Gangnam, Mt. DaemosanA low mountain with a height of

293m, it’s used as a rest area for

residents near Mt. Guryongsan. Many

people climb it for morning exercises

and hiking.

Maebong Station ➔Dalteo Park ➔Mt. Guryeong

➔Mt. Daemosan ➔ Tancheon ➔ Yangjaecheon

➔Maebong Station

•Subway: No. 4, 5 Exits, Ilwon Station, 3 Line

Yangjaecheon, Nature inside the City.This ecological park is now home to two

swamps and a walking path of willow

trees. Over 10,000 people visit the stream

daily to walk, jog, hike, ride bikes, and

enjoy the lush, greenness of nature and to

escape from the hustle and bustle of city

life. This park also serves as a good site

for ecological education. Here, people can

enjoy a great number of recreational

activities while learning about ecology.

•Webpage: ypark.gangnam.go.kr

Buddhist Temple - BongeunsaAs the thousand-year-old temple in downtown, it realizes the public missionary

works and social welfare. Irrespective of religion, everybody can visit freely.

Bongeunsa gives you rest and consolation.

•Webpage : www.bongeunsa.org

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

GA

NG

NA

M-G

U

191

Garosu-gil( Street) in Shinsa-dong

• Daegu-Gyeongbuk Free Economic Zone

- Cutting-Edge Parts Industrial Zone : Industrial complex adjacent to the Gyeongbu expressway,47km2, developed by 2012

- High-Tech Park Zone : Industrial complex adjacent to the North YC Interchange, 5.4km2,developed by 2020

• Yeongcheon National Industry Complex (Under contemplation)

- National Industrial Zone planned in the area of Shillyeong-myeon, Hwasan-mywon, 6.2km2

• Gogyeong General Industrial Complex (private capital)

- Industrial complex developed in the area of Gogyeong-myeon, 1.56km2, constructed by 2012

• Yeongcheon Logistics Complex

- Hub of logistics complex planned in the area of Joongang-dong, 0.25km2, created by 2013

- Three expressways and their five interchanges

• Two-track lining project for the Daegu line (under way)

- Yeongcheon ~ Daegu, 34km, constructed by 2015

• Two nearest KTX stations : East Dageu and New Gyeongju stations (within a 30-minutedriving distance)

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

YE

ON

GC

HE

ON

CIT

Y

193

Yeongcheon City

• Area : 920.42 km2

※4.8% of the Gyeongsangbuk-do area &1.5 times as big as Seoul

• Population : 103,190

• City Budge : 570 billion won

• Admin. Districts : 1-eup, 10-myeon, 5-dong

• Businesses : 880 (※ employees ; 10,800)

• Major city in the region of Gyeongsanbuk-do province and the well-connected transportationnetwork

• Same zone of life with the Global city, Daegu Metropolitan city as well as astonishing view ofnature all year round

• Center for horse industries and the national top trading town of various fruits and medical herbs

• Birthplace of Poeun Jeong, Mong-ju(the Korean sage), Nogye Park, In-roe(the national scholar),and Choi, Mu-seon(the medieval scientist and the inventor of gunpower)

• Korea Third Military Academy, National Ceremony, and the last defense line during the Korean war

About us, Yeongcheon

Hub of southeast Korea

Basic Information

Industry InfrastructureIndustrial Complexes and Logistics Complex

Major features of Yeongcheon-si

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

YE

ON

GC

HE

ON

CIT

Y

195

• Yeongcheon Horse Racing Park - In the area of Geumho-eup, 2.19km2

- Korea Racing Authority, by 2014, budget ; 500 billion won

• Ecological Park in the Geumho river- Yeongcheon ~ Daegu, 52km, 166 billion won

• National project of the Three Cultural Areas- Village of Hwarang Legend : Geumho-eup, 1.3km2, 52.5 billion won- Village of Oriental Medicine : Hwaryong-dong, 0.41km2, 36.5 billion won

• Memorial Park of the Yeongcheon War(Korean War)- Gogyeong-myeon, 0.6km2, 28 billion won

• Eco-Friendly Golf Villages(Five)- Under operation : Opell(27hole), the Third Military Academy(9hole)- Under construction : Reyford(27hole), Cheongtong(27hole), Bukan(27hole)

• Mt. Unjusan Horseback Riding and Natural Forest Resort- Global level's riding grounds(Indoor and outdoor), mountain courses

• Making holy places for historical figures- Poeun Jeong, Mong-ju, General Choi, Mu-seon, and Nogye Park, In-roe

• Bohyunsan Aristocratical Observatory and its Science Museum and Well-Being Woodsaround the region.

• Advanced City for High Tech Industries harmonized with agricultural sectors withits population of 200,000

• Hub city of transportation and logistics in southeast Korea

• World class Horse Racing Park and excellent tourist attractions

• Industrial Network City bridging the ocean and inland counterparts

| CONTECT

■Address : Bureau of Enterprise Attraction

City Hall, 16 Sicheong-ro, Yeongcheon-si, Gyeongsangbuk-do 770-701, Korea

■Tel : 82-54-330-6022 ■Fax : 82-54-330-6739

■Homepage : http://yc.go.kr

Promoting Tourism Industry

Yeongcheon in 2020

FREEECONOMIC

ZONE

INVESTMENT GUIDE

DAEGU-GYEONGBUK FREE

ECONOMIC ZONE (DGFEZ)

GWANGYANG BAY AREA FREE

ECONOMIC ZONE (GFEZ)

198

206

INVESTMENT GUIDE MAP

182page

114page

168page

160page

152page

150page

146page

192page

120page

198page

176page

106page

186page

144page

136page

128page

206page

The Daegu-Gyeongbuk Free Economic Zone (DGFEZ) is a special economic zone in South Korea that offersan optimal business environment by providing financial incentives, relaxed regulations and customizedfacilities to global companies looking to satisfy their customer base in Korea and expand into Asia.DGFEZ is comprised of 10 specialized districts spanning 34 square kilometers throughout DaeguMetropolitan City and Gyeongbuk Province (Gumi, Gyeongsan, Yeongcheon, Pohang). DGFEZ aims to beknowledge-based free economic zone by focusing its efforts on creating corridors in IT Convergence, High-Tech Transportation Components, Green Energy and Knowledge-based Service. Highly-skilled humanresources, leading global companies, and world class R&D institutes in Daegu-Gyeongbuk region provide anopportunity for enterprises and institutes to gain a competitive advantage through innovation and value chainmaximization.

Daegu-Gyeongbuk is located approximately 99 minutes fromSeoul by KTX. Daegu International Airport has 6 internationalflights to destinations such as Beijing, Shanghai andGimhae International Airport has 17 international flights todestinations such as Tokyo, Hongkong. Additionally,there are 5 International Ports within a 1 hour distancefrom Daegu-Gyeongbuk region.

Daegu-Gyeongbuk operates superior and specialist R&Dfacilities such as Daegu Gyeongbuk Institute of Science &Technology(DGIST), Pohang Accelerator Laboratory(PAL),National Center for Nanomaterials & Technology(NCNT) andPOSTECH Biotech Center.

There are 51 universities and colleges in Daegu-Gyeongbuk, and consequently is ranked relativelyhigh in the number of colleges per capita. Annually, approximately 70,000 graduates enter the labormarket, with nearly 17,000 of those graduates having majored in the IT, NT, BT, and intelligentautomotives areas. The job turnover rate of Daegu-Gyeongbuk was only 2% in 2007.

Daegu is a global city which has been chosen to host numerous sporting and cultural events. The13th IAAF World Championship in Athletics 2011 and the World Energy Congress 2013 arescheduled to take place in Daegu. Daegu is a city of culture and arts with the International MusicalFestival and the International Opera Festival taking place every spring and fall. One can also findWorld Heritages Sites (UNESCO) such as Bulguksa, Sukgulam and the Gyeongju Historic Areasthroughout Gyeongbuk.

Daegu-Gyeongbuk has an international cluster of specialized IT and electronic industries withSamsung Electronics, LG Electronics, LG Display, Toray Advanced Materials, Samsung Corning,ExxonMobil, and Asahi Glass. POSCO, the 4th largest steel company, and Siemens are located inPohang. Within 1 hour distance other global companies operate their business including HyundaiMotor, SK Energy and GM Daewoo.

Daegu-Gyeongbuk Free Economic Zone

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

DA

EG

U-G

YE

ON

GB

UK

FR

EE

EC

ON

OM

IC Z

ON

E

199

The Knowledge-based Free Economic Zone

An Ideal Location for Global Business

6.24km2

7.27km2

0.07km2

1.79km2

1.17km2

1.03km2

6.27km2

1.67km2

5.40km2

3.76km2

Area

mobile, next generation display, solar cell, secondary battery

intelligent automotive parts, solar cells, special R&D hub

software development, broadcasting(IPTV)

foreign hospital & medical school, medical devices

fashion school, shopping, entertainment

medical equipment, new medicine development, medical R&D

R&D related to RFID, LED and medical equipment

automotive parts, ship materials, high-end bicycle parts, aviation

intelligent automotive parts & materials, logistics

fuel cell, wind power, new materials

Target Businesses

� Gumi Digital District

� Daegu Technopolis

� International Culture Industry District

� Suseong Medical District

� International Fashion Design District

� Daegu Innovation District

� Gyeongsan R&BD District

� Yeongcheon Industry District

� Yeongcheon High-Tech Park

� Pohang Fusion Tech District

Project District

Knowledge-based Service

IT Convergence High-tech Transportation Components

Mobile-LED-Medical Device-Robot Automotive-Ship-Bicycle-Aviation

Medical-Digital Contents-Education

Green EnergySolar-Wind-Fuel cell

Excellent human capital

World’s major cultural region

Global industrial cluster

R&D hub of Korea

Convenient transportation Infrastructure

Samsung Electronics, LG Electronics and LG Display form the core of theworld's most intensive IT and mobile communications cluster. More than 430manufacturers operate, employing over 49,000 persons and exporting thethird-largest volume of IT-related products in the world. This cluster alsoconducts world-class research through PIRO (Pohang institute ofIntelligent Robot) and Gumi mobile Convergence Center making theDaegu-Gyeongbuk region well-suited for nurturing IT-Convergence. Withits strong infrastructure, Daegu-Gyeongbuk is a promising locale for innovativeindustries (intelligent robots and medical instruments) by possessing keytechnologies in RFID (Radio Frequency Identification) and WSN (Wireless SensorNetwork), essential for realizing a ubiquitous society. Fire fighting robots, multi-legged robots, andEnglish teaching robots are undergoing the testing phase in Daegu-Gyeongbuk and this region willplay a major role as the robot industry develops into one of Korea’s new growth engines. The ITConvergence Corridor offers opportunities in the mobile industry, robots, medical devices, and nextgeneration display.

The High-tech Transportation & Components Corridoris located in the center of Korea’s “Auto andShipbuilding Valley” where over half of domesticautomobile production and a whopping 78% of allshipbuilding manufacturing occurs.

Taking the lead as the industry shifts towards intelligenttransportation systems, DGFEZ is constructing Korea’sfirst public ITS (intelligent transport systems) TestCenter, which will include a 3.7km long test track. Thetest center will serve as an important test bed for over700 auto parts manufacturers operating in the vicinity.

Also being developed in DGFEZ is a complex dedicated to the production of auto components, andbicycles. The region is home to automakers Hyundai Motor Company, Renault Samsung and GMDaewoo, as well as shipbuilders Hyundai Heavy Industries, Samsung Heavy Industries and DaewooShipbuilding & Marine Engineering thrive. Accordingly many automotive and shipbuilding suppliersoperate in the region (43% of Korea’s total).

4 Industrial Corridors

Category

IT Service

IT Devices

S/W

Total

184

835

334

1,353

Companies

320.88

43,586.84

804.82

44,712.54

Production(US $ million)

3,749

71,807

6,176

81,732

Employees

- IT Industry in Daegu-Gyeongbuk

IT Convergence Corridor

High-Tech Transportation Components Corridor

Pohang

Gyeongju

Changwon

Ulsan

Busan

Yeongcheon

Auto Belt

Daegu

This corridor offers opportunities in solar PV, secondary batteries & fuel cells and wind power.DGFEZ aims to nurture the green energy industry in the manufacture of new and renewable energyand the commercialization of their technologies.

Daegu-Gyeongbuk is the only region in Korea capable ofproducing the entire value chain of solar PV. The city ofDaegu has taken a leadership role in solar energy, hostingthe first International Solar Cities Congress in 2004 andwill also host the World Energy Congress in 2013. Localcompanies (including LG Electronics) possess advancedtechnology that has allowed them seamlessly transformproduction from LCDs to solar cells.

As part of Korea’s East Coast Energy cluster, an agglomeration of wind power companies,including Spanish company Acciona (operating a 42-turbine wind farm) are located along theeastern coast of Daegu-Gyeongbuk. Leading shipbuilding companies have entered the windpower industry and they are collaborating with electronics companies to supply wind turbines andhigh-tech components as this industry quickly expands.

- Wind Power

- Solar Energy

Green Energy Corridor

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

DA

EG

U-G

YE

ON

GB

UK

FR

EE

EC

ON

OM

IC Z

ON

E

201

One of the most ambitious projects of the DGFEZ project is the Knowledge-based ServiceCorridor. The project is designed to create synergies between knowledge-based services and localmanufacturing industries. It offers opportunities in the medical industry, software and digitalcontents, as well as education.

- National High-tech Medical Complex isdesigned to provide Asia’s best facilities forthe development of new drugs, medicaldevices and clinical testing. This complexwill be over 1 million square meters in sizeand attract approximately $4.5 billion inpublic and private funding during thelifetime of the project. Korea’s largestcluster of private bio-tech companies anduniversity hospitals operates nearby, whileelectronics companies are conducting R&Dto develop medical convergent devicesand equipment.

- Culture Industry District offers opportunities in digitalcontents industry, gaming, software development, andmultimedia broadcasting (IPTV). The Culture IndustryDistrict has already taken a big first step in itsdevelopment by securing the R&D Center of DassaultSystemes, a world leader in product lifecyclemanagement (PLM).

- Gyeongsan R&BD District which lies in Korea’s largestcollege town and near to the High-Tech Medical complexis seeking to attract foreign graduate schools and R&Dfacilities related to RFID, LED and medical equipment.

- Fashion Design District (Esiapolis) isKorea’s first fashion-themed district willutilize decades of accumulated experiencefrom Korea’s leading textile and apparelmanufacturers. In the district there is afashion college, a textile-related R&Dcenter, and commercial facilities

Knowledge-based Service Corridor

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

DA

EG

U-G

YE

ON

GB

UK

FR

EE

EC

ON

OM

IC Z

ON

E

203

- A Center for research and business development

Daegu Technopolis is designed to become a Research & Business Development hub of NortheastAsia. Various national institutes and university branches specialized in cutting-edge technology andscience from automotive, green energy, electronics and telecommunication industries are locatedhere.

In Jan. 2011, Daegu Technopolis was designated as a Special R&D Zone by the Korea centralgovernment, enabling tenant companies greater opportunities to participate in national projectsand receive increased incentives. The first stage of development is complete, making DaeguTechnopolis ready to host global R&D centers and cutting-edge manufacturing facilities.

※Major residents (2011-2012)�DGIST (Daegu Gyeongbuk Institute of Science & Technology)�ETRI (Electronics & Telecommunications Research Institute) Daegu Center�KIMM (Korea Institute of Machinery & Materials) Daegu Center�KITECH (Korea Institute of Industrial Technology) Daegu Center�Center for Energy & Environmental Policy, University of Delaware (2013)�Daegu National Science Museum�Proving Ground for Intelligent Vehicle & Transportation

- Area: 384,965m2 - Project cost: 87 million USD- Details: intelligent parts development, international standardization, electric vehicle commercialization- Specifications: high-speed circuit, steering pad, stability & durability program, virtual reality-based

simulator, adaptive cruise control, gas mileage

※Daegu Technopolis Map

Major DistrictsDaegu Technopolis

- Fuel Cells (and Secondary Batteries)Due to its close proximity to Korea’s largest manufacturers ofautomotives, ships and mobile phones, Daegu-Gyeongbuk has receivedsubstantial investments from energy companies including POSCO, ExxonMobil, Nippon Oil and GS Caltex to produce fuels cells, secondarybatteries and their components. These companies, as well as, worldrenowned universities (POSTECH) are leading the way to commercializeand advance applications for fuel cells and secondary batteries.

Research Facilities

Residential Facilities

Commercial Facilities

Central Park

Sports Facilities

High-tech Industries

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

Yeongcheon Industry District- A supply base for transportation components

Yeongcheon Industry District (1.69km2) is specialized in high-tech transportation components(auto, ship, aviation, bicycle). The district lies in the middle of the automotive and shipbuilding beltand offers easy access (500m to IC) to Korea’s largest highway (Gyeongbu Expressway).

Land prices in this district are the lowest in DGFEZ, attracting several Korean materials and autoparts companies. Construction of public infrastructure (sewage, power, etc) is underway andcompanies will begin construction of their facilities in the second half of 2011.

Gwangyang Bay Area Free Economic Zone (GFEZ) is fast becoming Northeast Asia’s most

advanced business hub. Leveraging its location at the epicenter of the region’s shipping and

logistics industries GFEZ is the flagship free economic zone in Korea, as it embraces its highly

competitive industrial infrastructure to capture the flourishing Northeast Asian market.

The Korean central government has decided to create some areas in the peninsula which offer

better business conditions to foreign investors than those given to Korean Nationals. Therefore,

GFEZ offers incentives to foreign investment

GFEZ

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

GW

AN

GY

AN

G B

AY

AR

EA

FR

EE

EC

ON

OM

IC Z

ON

E

207

Make our Treasure your own.Make it big in Gwangyang Bay.

Gwangyang Bay AreaFree Economic Zone

Today, success is something more than performance in the marketplace. To become the world's

best free economic zone our customers, colleagues, investors, business partners, and those who

live in communities surrounding us must work in complete unison. To have the best place to live,

where the ancient and the modern mix in a perfect harmony, is not only our goal but the driving

force behind all our efforts.

We are striving to make Gwangyang Free Economic Zone the best place to invest in Asia!

Why Gwangyang Free Economic Zone(GFEZ)?

Why now? We’ve been asked these questions time and again and answer is simple : today's

global companies need the best geographical location, most advantageous financial incentives,

the best available integrated logistics systems, and customer friendly one stop service center in

order to become a world leader. As soon as you set foot in our zone you will learn about the many

benefits your company could have once in move. We guarantee that you will always get a top-

notch service solution every time you need it. Come and visit us soon to see the future of

international business!

Our GFEZ has a tremendously outstanding infrastructure that is waiting for those leading

international companies who plan to become dominant in the 21st century. Our goals are to

become the new leader in Northeast Asian logistics, to take advantage of the limitless local market

potential, to keep growing our great competitive industrial edge, to utilize our highly motivated and

qualified local workforce, and to make the area the best possible living environment for foreigners.

Here at the Authority we understand that our biggest treasure is the 'beautiful people' who call our

GFEZ home. Our extraordinary natural surroundings and remarkable cultural qualities are the

attributing factors that make our people great. Everyone in Gwangyang Bay is anxiously waiting to

become a part of a splendid international community and offer their welcoming hand in friendship

to all who decide to come.

Thank you for your interest in the Gwangyang Free Economic Zone and for viewing this window

built for you. Feel free to explore out web site to learn of the many benefits we can offer your

company. www.gfez.go.kr.

Gwangyang FEZ is truly a mesmerizing land of opportunity!

- Creation of a Northeast Asia logistics hub for steel related materials and nonferrous metals

- Building Gwangyang Port to become the center of Northeast Asian cargo trans-shipment

■ Gwangyang Container Terminal(6.17km2) of 25 berths

■ Container Terminal’s East Hinterland(2.54km2) of logistics facilities

■ Container Terminal’s West Hinterland(1.94km2) for multinational logistics companies

■ POSCO Terminal CTS(0.96km2)

■ Hwanggeum Industrial Complex(2.59km2) for support facilities

■ Seonghwang Hinterland(1.02km2) for warehousing and distribution

Five districts in GFEZ are now steaming ahead to become the newregional leaders in different industrial sectors

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

GW

AN

GY

AN

G B

AY

AR

EA

FR

EE

EC

ON

OM

IC Z

ON

E

209

the main purpose of this FEZ is to create a place

where foreign businesses can truly be

successful, which can eventually help Korea to

be the center of business in the Northeast Asian

Market. Designated a free economic zone in

October 2003 (92.73km2 in the Southern area of

the Korean Peninsula between the cities of

Yeosu City, Suncheon City and Gwangyang), the GFEZ Authority has attracted a total of almost

US$8.61 billion in investments from approximately 102 companies (67 local, 35 foreign), creating

over 20,791new jobs, which has given a tremendous boost to the regional economy. In particular,

the 35 foreign investors who have established a presence in the GFEZ through investments worth

US$2.644 billion have put the Zone on a footing to serve as an international business hub.

The Gwangyang Bay Area is home to the international-level Gwangyang Port, the POSCO

Gwangyang Steel Works (the world's largest crude steel mill), and the Yeosu National

Petrochemical Complex. This last Complex accommodates some 270 tenant companies that

produce 56 percent of all domestic petrochemical output by value. It is the center of the Southern

Korean Industrial future, and it will host the Expo 2012 Yeosu and International Garden Exposition

Suncheon 2013.

GFEZ comprises five districts, each with its own mission in the overall development of the Zone.

They comprise: Gwangyang District (Logistics), Yulchon District (Manufacturing), Sindeok District

(Residential), Hwayang District (Tourism) and Hadong District (Multi-purpose).

Gwangyang District

- Development of a manufacturing state-of-the-art complex area through the inducement of new

advanced materials, shipbuilding, and steel related international industries

- Creation of industrial complex to complement Yeosu Airport and the Yulchon Container Terminal

■ Yeosu Airport(2.31km2)

■ Yulchon Container Terminal(2.15km2) for logistics

■ Yulchon Industrial ComplexⅠ(9.19km2) for high-tech materials and shipbuilding etc

■ Yulchon industrial ComplexⅡ(3.78km2) for petrochemical related industries

■ Yulchon Industrial ComplexⅢ(9.76km2) as integral support base

Yulchon District

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

GW

AN

GY

AN

G B

AY

AR

EA

FR

EE

EC

ON

OM

IC Z

ON

E

211

Characteristics of GFEZ (Competitiveness)

Major projects and how they are progressing

Optimal Location for Industrial Clusters and Tenant Companies

The Gwangyang bay area has two attractive features for companies looking for a very supportiveinfrastructure: POSCO Gwangyang Steel Works with the world’s largest capacity to roll out crudesteel and the Yeosu state industrial petrochemical complex which produces 56 percent ofdomestic petrochemicals. Another advantage is that the steelworks recently inaugurated a thicksteel plate factory with an annual capacity of 2 million tons.

Also, GFEZ is surrounded by spacious industrial complexes. A cluster of a 189-square kilometerstate industrial complex, a provincial industrial complex and swath of land open for developmentbrings synergy effect to the Gwangyang free economic zone. The zone and its surroundings takeup 14.7 percent of South Korea’s industrial territorial area, second only to Gyeonggi Province, andare 10 times and seven times as large as Incheon and Busan respectively.

Transportation Infrastructure with Maximum Efficiency

The industrial infrastructure like port, airport andtransportation nextworks is completely ready.Gwangyang Port, located at the center of GFEZ,handles the 13th largest volume of cargo in the world.In 2008, Gwangyang Port handled 217 million tons ofcargo to rank second in Korea behind Busan (242million tons).

By the standards of location and functions, Gwangyang is similar to Amsterdam, in theNetherlands, which handles the third heaviest volume of containers in the world.

International Events Attracting People from Around the World

Expo 2012 Yeosu Korea, Suncheon Bay Garden Expo2013 and other large scale international events will helpGwangyang gain more worldwide recognition whenthey raise the curtains. That should attract attentionfrom a spate of firms looking for favorable operationconditions.

Economic and demographic effects from the zone,when complete, will amount to 164 trillion won in production, 66 trillion won in value added andadditional population of 1.2 million in adjacent cities.

This year marks the seven years after the establishment of GFEZ Authority. GFEZ is in its secondstage development, which covers 12 of 22 complexes. Construction is complete for the first stagedevelopment of Gwangyang Port container terminal surroundings and POSCO terminal CTS.

- Maximization of the competitive advantages of POSCO Gwangyang Steelworks through the

inducement of ship-building and related industries

- Development of a self-sufficient manufacturing city

■ Galsa Shipbuilding Industrial Complex: 5.61km2

■ Deokcheon hinterland: 2.65km2

■ Duu hinterland: 2.64km2

■ Daesong Industrial Complex: 1.37km2

Hadong District

- Development of a piece of the ‘south coast tourism belt’ through the construction of scenic

tourism and leisure complexes

- Creation of an ‘all-year round vacation and leisure resort area’ that exceeds all international

standards

■ Hwayang Districts 9.99km2 for marina beach, forest valley, golf island, hill top and mountain top

with observatory deck and cable car system

Hwayang District

- Development of a modern support city by constructing a large cosmopolitan housing area, state-

of-the-art commercial and business complexes

- Establishment of an environmentally-friendly downtown area for a positive living experience for

expatriates and locals alike

■ Sindae-Deokrye Hinterland(13.76km2) for residential areas

■ Seonwol Hinterland(3.71km2) for growing expatriate population of Korea

■ Sindae Hinterland(3.00km2) for housing and education facilities

■ Yonggang Hinterland(1.88km2) for a multi-purpose support base

■ Haeryong Industrial Complex(0.95km2)

Sindeok District

Authority’s 6-year achievements

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

INV

ES

TM

EN

T G

UID

E

GF

EZ

201

Yulchon Industrial Complex I and nine other related complexes are now under construction.Yulchon Industrial Complex II and its nine other related complexes, which are subject to thesecond and third stage development plans starting from 2011, are either undergoing administrativeprocedures or just on the planning board. However, the authority is trying to advance Yulchoncomplex II construction schedule.

Despite economic downturn, regulatory obstacles and other difficulties, GFEZ Authority has spedup zone development and investment attraction over the past seven years. As a result, 102companies have invested $8.61 billion, creating about 20,791 jobs.

Out of that amount, 35 foreign firms, including SNNC of New Caledonia and Hong Kong-basedMeiya Yulchon Power Co., invested $2.644 billion.

Hyundai Motor Co. initially developed Yulchon Industrial Complex I, but made little progress due tothe financial crisis in 1997. So the authority took over to finish up the rest of the complex, then 58firms, including Hyundai Steel, Samwoo Heavy Industries, SPP Group and Orient Shipyard, movedin. Now, 33 of them run their factories, with the remaining 25 either building plants or preparing todo so.

GFEZ Authority ranked second in the ministry of knowledge and economy’s performanceassessment of the nation’s six FEZs this year. The ministry gave high scores to GFEZ’sdevelopment focus on port and steel works, industrial integration around the Gwangyang bay area,programs to solve complaints from tenant companies, and support for foreign investment firms.

Since its establishment in March 2004, the authority has attracted a total of US$8.61 billion indomestic and foreign capital from 102 companies and created 20,791 jobs, greatly contributing toregional development, despite such difficult conditions, including economic slowdown both athome and abroad.

For development projects, industrial complexes were created such as the Yulchon I IndustrialEstate and the Haeryong Industrial Estate, where about 102 companies such as HyundaiEngineering & Steel Engineering and Samwoo Heavy Industries have moved in or are buildingplants, engaging in active production.

Of the 102 firms, in particular, 35 or 34 percent of the total are foreign companies, indicating thatthe Gwangyang bay area has succeeded in becoming an international trade stronghold.

Cargo volume at Gwangyang Port also increased 74 percent from 1.19 million TEU in 2004 to 2.07million TEU in 2010, playing a great role for activating the port, he said.

GFEZ’s Commissioner has this to say about GFEZ:“There are still many difficulties to overcome, but as we have stuck to our schedule and the firststage of development has not yet hit a snag, we are confident of achieving our 2020 goals of $25billion USD investment, 12 million TEUs and the creation of 240,000 jobs.”

www.gfez.go.kr

CULTURE &TOURISM

GUIDE

EUCCK Membership Directory 2011

CHANGWON CITY

GOCHANG COUNTY

GOYANG CITY

ICHEON CITY

POHANG CITY

TONGYOUNG CITY

WANDO COUNTY

YEONGWOL COUNTY

INTERNATIONAL FERMENTED FOOD EXPO

K-WATER

SEOUL ZOO

216222226230234238242246250254258

CULTURE & TOURISM GUIDE MAP

246page

234page

216page

238page

226page

258page

230page

250page

222page

242page

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

CU

LT

UR

E &

TO

UR

ISM

GU

IDE

CH

AN

GW

ON

CIT

Y

Changwon, with the tradition and history of 600 years, is a big coastal city located at the mostsouthern tip of the Republic of Korea. With its population of 1.1 million, Changwon is the largestlocal government, in Korea, except metropolitan cities. Historically, the name of Changwon wasused for the first time in July of 1408, the 8th year of reign of King Taejong in Joseon dynastyperiod. At that time, a new administrative district called “Changwon Bu” was formed by combiningEuichang prefecture and Hoewon prefecture located in southern part of Korea.In modern time, Changwon had grown as a center of Korean economic growth as Masan FreeExport Zone and Changwon National Industrial Complex were established in 1970 and 1974 withnewly developed Jinhae Free Economic Zone. As a business-friendly city in Korea with the exportof US$ 28 billion in 2010, there are 3,700 enterprises including Samsung, LG, Doosan as well asmultinational corporations such as GM and Volvo with 120,000 employees in the areas.After entering into the 21st century, Changwon has set the goal of becoming “the world-best city inthe world” and is challenging the world stage.Changwon has joined 14 international organizations, record-high within Korea, and is carrying outvarious activities. Mayor of the city is a world committee member of UCLG (United Cities andLocal Government) and Changwon has organized UMCA(Union of Machinery Industrial Cities inNortheast Asia) as well as a executive committee member of IAEC(International Association ofEducating Cities). In particular, the city is recognized as a leading city of green growth ininternational societies by actively carrying out its own “environmental capital of Korea project” and“riding bicycle campaign”. As a result, Changwon has won the “LivCom Awards” (An award ofbest city to live in the world) certified by UNEP (United Nations Environment Plan) in 2010. Inaddition, Changwon is striving to realize its dream as a central maritime and culture city of theNorth East Asia through developing waterfront of its 298km long coastal line, promoting leisuresports including marina center, water ski and yach and MICE industry and expanding internationalbusiness facilities.

※Changwon city is located at less than three hours distance by KTX(Korea Train Express) from Seoul, the capital

city of the Republic of Korea, and at about 30 minutes distance from Busan/Gimhae International Airport.

217

Changwon CityWelcome to Changwon

Changwon, a World-class City in the Southeastern Region of theRepublic of Korea

Changwon is ready to open its door for various multinational enterprises at any time. At present, inorder to attract enterprises and private capitals, 26 industrial complexes with the area of38,000,000m2 and 4 large scale SOC projects are under construction and planning. <Table-1>Attracting enterprises is concentrated on industries which can create high value addition such aslow carbon green growth industry, part & material industry, R&D and IT industry. As privateinvestment projects, there are maritime tourism industry, which is now under construction focusing

on waterfront, leisure sports industry infrastructure, groundwork for development of FreeEconomic Zone and expansion of infrastructure facilities, which can utilize unused land.Various incentives are provided to domestic and foreign people who invest in Changwon.For domestic people, various benefits including financial loan within 50% of purchasing price offactory land, exemption of acquisition tax and registration tax as well as 100% reduction ofproperty tax for 5 years.In particular, for foreigners' investment, ① Location selection support: The city provides subsidy ofthe difference amount of lot allotment price for purchasing or renting land or for supplying facilityland at low price. (Within 50% of lot allotment price) ② Employment subsidy: In case when acompany employs over 20 people newly, the city supports up to 1 million won per one personwhich exceeds 20 people within the period of 6 months. ③ Education training subsidy: In case ofproviding education training after employing over 20 people of Koreans, the city supports monthlybetween 100,000 won up to 1 million won per each one person exceeding 20 people within theperiod of 6 months ④ Facility subsidy: In case of new construction or additional construction ofplant facility over 3 billion won, the city supports up to 200 million won per one corporationwithin the scope of 2% of facility amounts exceeding 3 billion won. ⑤ In case when foreigners'school facility is constructed, project and operation cost shall be supported within 50% of the totalamounts and the city supports up to 200 million won within the scope of 20% of the project costthrough examination of investment promotion committee for facilities such as hospital, drug storeand houses. ⑥ Tax reduction: With regard to projects accompanied by high level technology andindustry support service business, individual type foreigners investment region, 100% of corporatetax and income tax is exempted for 5 years , 50% is reduced for 2 years and acquisition tax,registration tax and property tax are reduced for 15 years.Changwon city operates an exclusive department (+82-55-225-2642) for investment promotion forfast and smooth support of investment promotion business and provides ONE-STOP service byestablishing networks with chamber of commerce, trade association and complex managementadministration within the jurisdiction area.

Changwon, the Best Place to Invest and the Most Business-friendly City

<Table-1> Status of targeting enterprises and private capitals to attract

Classification Project name Business section preferable

Industrial complex

under sales of lots

Industrial complex

under development

Corporat-ions

invitation

Private financing

invitation

Changwon general industrial complexMachinery, electronics, acoustics and

communication(Total245,000m2)

Jinbuk general industrial complexMachinery equipment, metals and

electronics (Total 540,000m2)

Macheon general industrial complex Casting iron (Total 479,000m2)

Namyang general industrial complex New materials and mechatronics (Total 133,000m2)

Jukgok general industrial complex Shipbuilding devices and supplies (Total 111,000m2)

Sujeong general industrial complex Assembly of ship spare parts (Total 225,000m2)

Gyeongnam Intelligent home &High-tech industrial complex

High-tech electronics and communication (Total 73,000m2)

Innovative corporation industrial complexMetal processing, transportation equipment

(Total 1,849,000m2)

Cheonseon District general industrial complex

Metal processing, machinery equipment (Total 110,000m2)

Changwon R&D industrial complexMetal processing, machinery equipment

(Total 903,000m2)

Yongjeong District general industrial complex

Metal processing, machinery equipment (Total 156,000m2)

Gyeongnam science research compound park R&D, green growth industry (Total 8,600m2)

Siunhakbu land site developmentLand sales

Tourism complex

building

Free Economic

Zone development

Commercial and residential area (Total 192,000m2)

Myeongdong maritime tourism complex Maritime leisure,

Gunsan maritime tourism complex Maritime resort complex,

Waseong District development Building high-tech industry and leisure resort facility

Cultural District developmentRestoration of Ungcheon porcelain kiln site(Exhibition hall

and education & training rooms, etc.)

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

CU

LT

UR

E &

TO

UR

ISM

GU

IDE

CH

AN

GW

ON

CIT

Y

219

Changwon city becomes a well-known global city in the world because of its active role in variousinternational organizations and exchanging programs with many local governments of the world.Changwon city is a executive member of International Association of Educating Cities (IAEC) andthe chair city of Asia-Pacific region. And also the mayor acts as a world committee member ofUnited Cities and Local Government (UCLG) and the city is being recognized as a world-class cityglobally through joining 14 international organizations and hosting various internationalconferences.This year too, the World Bicycle Festival, UN Convention to Combat Desertification(UNCCD) COP10 and Volunteers Convention of Asia-Pacific region are hosted and 2012 International Associationof Educating Cities(IAEC) World Congress and the 4th East Asia Seas(EAS) Congress are planned tobe held in succession.

Changwon, a global city

2011 World Bicycle Festival

Changwon city, which is famous for publicbicycle ‘NUBIJA,’ environmentally-friendly greentransportation means, holds the 1st WorldBicycle Festival in joint sponsorship with ICLEI(International Council for Local EnvironmentalInit iat ives) with members of over 470organizations of 64 countries of the worldbetween October 3~4 of this year. It is expectedthat 10,000 people including 200 bicyclespecialists from 10 countries of the world willparticipate in cultural festivals such as launchingceremony of federation of international publicbicycle cities and bicycle parade. In addition,world congress of ecological transportationleague, environmentally-friendly transportationacademic congress and exhibition will be heldtogether. And various other events such asf irework show, experience booth andcelebration concert are also planned to be held.

2012 IAEC(International Association ofEducating Cities) World Congress For three days between April 26 and 28 of2012, in Changwon city, 「2012 IAEC WorldCongress」in which over 2,000 people including1,000 experts of education from 420 membercities of 35 countries of the world will be held.With the goal to recognize that cities are venuesof education and creation of environment &culture, creative urban space provide citizenswith sound and healthy venue of education, the

main topic of ‘Green Environment, CreativeEducation’ was established. In this event, posterzone and operation of cities PR booth, booksculture fest ival, EXPO and exhibit ion ofresidents' self-governing centers are planned tobe held together with the Congress, executivemember cities meeting and workshop for maintopic. Changwon city, which acts as an IAECmember country from December 2006, has lotsof attention and also invested a lot in the field ofeducation including the lifetime learning field forimproving the quality of life of citizens and forfirmly establishing the status as an educationalcity steadily.

2012 East Asian Seas Congress For five days during July of 2012, Changwoncity will host the 4th EAS Congress. Over 3,000people including ministers, high level officialsand relevant experts of 14 member countrieswill participate in the conference sponsored byPEMSEA(Partnerships in EnvironmentalManagement for the Seas of East Asia), which isa marit ime environment cooperationorganization between East Asian countries(14countries) specialized in shoreline managementsuch as total quantity management of shorelinepollution and the goal is to reinforce strategiccooperation of sustainable development withinEast Asian regions. In particular, it is planned toadopt Changwon Declaration for establishmentof sustainable shoreline management strategyand management of ocean regions with severepollution and also ministers’ forum, high levelmeetings between governments, experts’symposium on the main subject of maritimeenvironment and exhibition will be held.

Gagopa chrysanthemum festivalIf a representative spring festival of Changwon isJinhae mil i tary harbor fest ival, as arepresentative autumn festival, we can listGagopa chrysanthemum festival. Masan region,where chrysanthemum festival is held betweenOctober and November of each year, is theplace containing the history of cultivation ofchrysanthemum of the Republic of Korea andcurrently, it takes 13% of total cultivation areasof the Republic of Korea and is the Mecca ofchrysanthemum farming industry of the Republicof Korea while acquiring foreign currency ofU$400,000 annually through exporting. In orderto publ icize excel lency qual ity of Masanchrysanthemum with proper soil and mildcl imate for farming chrysanthemum anddistribution of cutting-edge technology ofcult ivat ing with nutr iculture, Gagopachrysanthemum festival is being held from 2000.Gagopa chrysanthemum festival of this year,where visitors can feel f ive colorschrysanthemum fragrance embracing full moodof autumn, is preparing over 50 kinds of eventsincluding Grand Exhibition of ChrysanthemumFragrance, various exhibitions and experience inall places of Masan. In particular, during theperiod of Gagopa festival, a work with over1,400 chrysanthemum flowers wi l l beintroduced by growing bigger ‘A Great MultipleRings Work of Woman Heart of Cheonhyang,’which was recorded in the British GuinnessBook as a certif ied work with the biggestnumber of flowers of 1,315 chrysanthemum inone stalk.Besides, in Changwon, every year, variousregional festivals are held including Changwonfestival, Junam migratory birds festival,Cheonjusan(Mt.) azalea festival with the motif ofspring f lowers, royal azalea festivals ofBieumsan(Mt.) and Jinrye mountain fortress,Masan f ish market fest ival with seafoodproducts, fireworks falling flowers festival, wartysea squirt festival, Mannal festival, which is lunar

calendar full moon's traditional cultural festival,and Sangbong festival of Namsan mountain ofChangwon, etc.

Jinhae Gunhanje(Military Port Festival) andJinhae Int'l Military Band and Honor GuardFestivalFor 10 days from April 1 to April 10 of this yearwhen cherry is in ful l blossom, JinhaeGunhangje fest ival is held in al l areas ofChangwon city. Jinhae Gunhangje festival,which was started as an event commemoratingthe soul of defending the nation by Admiral Yi,Sun-Shin who was a hero during the JapaneseInvasion of 1592, has developed as arepresentative spring flower festival of theRepublic of Korea. In particular, within thejurisdiction of Jinhae-Gu, 350,000 cherry trees,which symbolize Changwon city, are planted inall places of the city and during this period, theentire city is colored with light pink colors ofcherry blossom and remind people of a piece ofwatercolor painting. As places good for enjoyingthe feast of cherry blossom, there are Jangbokmountain sculpture park, Anmin street, YeojwaRiver, Jinhae inner water surface environmentecological park, Gyeonghwa station, ChangwonGrand Boulevard, Jungang sports park andNaval Academy and the Navy Headquarters,which are opened to the public during theperiod of the festival.In addition, from 2007, during the period ofJinhae Gunhangje festival, in a biannual system,by keeping the geographical characteristics ofJinhae as the main harbor of the Republic ofKorea, Jinhae Int'l Military Band & Honor GuardFestival is held for providing various events worthto watch such as street marching performanceand demonstrat ion performance of highlyprincipled military music bands of domestic andforeign bands, street parade, performance ofmilitary music bands and performance of Fringe,etc. This year festival will provide special eventsworth to watch for three days from April 8 toApril 10, 2011 with participation of 20 militarymusic bands of six countries including the US7th Fleet, the US 8th Army, France, Netherlands,New Zealand and Thailand as well as militarybands and honor guards of the Army, Navy andAir Force of the Republic of Korea.

Festivals of Changwon

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

CU

LT

UR

E &

TO

UR

ISM

GU

IDE

CH

AN

GW

ON

CIT

Y

221

Junam Wetlands ParkJunam Wetlands Park, which is located atWoljam-ri, Dong-eup, Uichang-Gu, Changwoncity, introduces beautiful four seasons withmigratory birds visiting every year, variousaquatic plants and insects as a representativearrival place of migratory birds in the Republicof Korea where over 150 species of variousmigratory birds visit in wide area of 602ßµ.Junam Wetlands Park was begun to be knownas several ten of thousands of birds such asspectacled teal, white-fronted goose, white-necked crane and spoonbill, etc visited regularlyfrom late period of 1970s for wintering and atpresent, it is regarded as the largest arrival placeof migratory birds in the orient which exceedsthe standard of registered wetland of RamsarConvention and in particular, it is famous forintermediate arr ival place of cranes andwintering place of white-necked cranes.At Junam Wetlands Park, there are various

ecological learning facilities. Various experienceand learning programs are under operationcentering on Ramsar cultural hal l forcommemorating the opening of Ramsar COP10 in Changwon and for continuouslyproliferating Ramsar spirit, ecological learninghall and Junam environment school and from2007, in November of every year, variousexperience programs are carried out throughJunam Wetlands Park migratory birds festival.

Moon Shin Art MuseumMonn Shin Art Museum located on a cliff ofChusan-dong overlooking the whole scenery ofMasan bay of Changwon city is the place whereart works and artistic soul of the author, MonnShin remains with nothing touched. Moon Shin,who worked in Paris, built the museum in

person for 15 years after returning to Masan,where he spent his young period, in 1980 andMoon Shin Art Museum was opened in 1994.According to his will ‘wanting to donate themuseum to his beloved hometown’ when hepassed away in one year after the opening ofthe museum, in 2003, Mon Shin Art Museumwas donated to the city and is now operated. Inaddition, Changwon city constructed Moon ShinArchetype Museum for introducing anotherworld of art works of the author of Moon Shinand it was opened in October 2010 and nowover 116 pieces of gypsum original art worksare possessed and exhibited.The museum is composed of exhibition hall 1,exhibition hall 2, outdoor sculpture exhibitionplace and Moon Shin Archetype Museum. Themuseum owns total 3,900 pieces of art worksand data including sculptures, gypsum originalshapes, oil paintings, color drawings, drawings,rel ics and tools, etc and opens varioustemporary exhibitions, operation of socialeducation programs and cultural events.

Ocean Recreation ParkThere is an ocean recreation park on the land of82,505m2 at Eumjido region of Myeong-dong,Jinhae-Gu, Changwon city. A huge warshipappears first when one enters into an oceanpark by crossing 252m long “Eumji Bridge”where splendid landscape illumination andfountain are installed. It is “Warship ExhibitionHall” which utilized ‘Gangwon Warship,’ a 2,500ton class destroyer retired in 2000 after first builtat the US New York Shipbuilding Yard in 1944and participated in Korean War in 1951 and wastransferred to the Republic of Korean Navy inJuly 1978. The hall is arranged for visitors toview 24 hours of life of the Navy on a ship

Tourist Attractions in Changwon including living features within the ship at aglance.Next to the Warship Exhibition Hall, “sea battlehistory experience hall,” which provides historyof ocean battles of the East and the West,interesting and various experience and otherthings to watch, is built in the scale of twostories of aboveground. And also there is anocean creature theme park with the scale ofthree aboveground stories containing exhibitionroom showing birth of ocean creatures andevolution processes as well as various sea shellsand experience room where visitors can enjoy

ecological world under the ocean at a glance.

Besides, in Changwon, there are various restingspace for citizens such as Mageum mountainfamous for hot spring, Muhak mountain, SiruPeak, Dotseom ocean park, Yongji Art Zonewith the scale of 33,000m2, energy environmentscience park and Jinhae dream park, etc. AndMasan bay water front, which will build Masanbay as environment friendly development in thefuture, and robot land wil l become newlandmarks of Changwon.

Ocean eel StreetOcean eel Street located at Namseong-dong,Masanhappo-gu of Changwon city is famous.Roasted ocean eel of Masan becomes delicateflavor with sincerity of preparing to permeateflavor of sauce deeply by repeating processes ofsoaking sauce and roasting two or three times.Taste of ocean eel is soft and meat is thick andtherefore, it produces simple and clear tastewhich can be felt only at this street with theharmony of chewing feel and sauce. Inparticular, there is no comparison of tasteenjoyed at restaurants located at shoreline witha good view.

Jindong freshwater eel StreetIf Namseong-dong isfamous for ocean eelfood, freshwater eelcooking at Sadong-ri,J i n d o n g - m y e o n ,

Masanhappo-gu of Changwon city is alsounbeatable. Since the past time, at HwangsanggiVillage where Deokgok River and Jindong Rivermeet and joined with ocean water had producedlots of natural freshwater eels because of theformation of natural environment well fit forhabitation of freshwater eels. Roasted eel cook ofJindong produces special taste with saucepermeating deep into the meat by repeatingprocesses of soaking sauce and roasting two orthree times. Taste of eel is soft and meat is thickand makes simple and clear taste which can befelt only in Jindong with the harmony of chewingfeel and sauce. Also, eel raw fish and cooked ricecovered with eels are the best flavor.

Odong-dong Agwijjim / Spicy Angler Fishwith Soybean Sprouts and Blowfish CuisineStreetOdongdong Agwijjim / Spicy Angler Fish withSoybean Sprouts of Masanhappo-gu,Changwon city is unassailably the best in theRepublic of Korea. Angler Fish cook, which wasoriginated from Masan area, is one of the mostfamous foods in the entire country as a eatingstuff of Agwij j im / Spicy Angler Fish withSoybean Sprouts provides refreshing tastesatisfying flavor of modern people as vegetablessuch as soybean sprouts and dropwort aremixed in large quantity. In particular, unique hottaste of Angler Fish improves one’s desire to eatand therefore, it is a very excellent food forpeople without appetite.In addition, blowfish cook is also famous atOdong-dong. Masan Bay before 1960s wasclean sea area and because it was blessedinhabitation place of blowfish with flow-in ofwater of Nakdonggang(River) and Rias coastline, it became famous for blowfish cooking.blowfish is the best quality food with chewyflavor and fragrance and refreshing taste andnutritional elements unique for blowfish cookingis well known broadly as a very good food forremoving hangover.

Besides, in Changwon, because there are rawfish restaurants centering on villages formedalongside 298km long shoreline in everywhere,you can taste fresh seafoods of Masan Bay andJinhae Bay wherever you visit any Changwonseashore.

Food Streets of Changwon

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

CU

LT

UR

E &

TO

UR

ISM

GU

IDE

GO

CH

AN

G C

OU

NT

Y

Gochang dolmen sites are the remains of the

megalithic culture that were inscribed on the

World Cultural Heritage list in 2000, and they

are the world’s largest dolmen sites.

A total of 447 dolmens with different styles

(e.g. table-shaped dolmen, modified table-

shaped dolmen, grid-pattern dolmen, and

dolmen without cover-stone) are densely

populated within 1.8 km area in Juklim-ri,

Sanggap-ri, and Dosan-ri, and there also exist quarries that show how dolmens were built. The

dolmen sites and quarries are valuable archaeological sources for understanding the origin and

development of dolmens, lifestyles of the Bronze Age, and the ancient culture in East Asia.

Moreover, the Gochang Dolmen Museum is a place where people can learn more about life and

culture of the Bronze Age, displaying various relics and artifacts of the Bronze Age, academic

sources about dolmens, pictures of World Cultural heritage dolmen sites in Korea, many different

kinds of dolmens around the world, and the remnants of megalithic culture of the world.

•Address: Dosan-ri 676, Gochang-eup, Gochang, North Jeolla Province

•Tel: (063) 560-2576 ~ 8

•Opening Hours: 09:00 ~18:00 (Closed on Mondays)

•Website: http://culture.gochang.go.kr/ http://www.gcdolmen.go.kr/

223

Gochang County World Cultural Heritage in Gochang!!

Gochang Dolmen Sites/ Dolmen Museum: World Cultural Heritage

Pansori is a genre of Korean traditional music. It’s a vocal

and percussional music performed by one singer (Korean:

sorikkun) and one drummer (Korean: gosu). The singer

makes narratives (Korean: Aniri), make gestures(Korean:

neoreumsae), and sing(Korean: chang) to the drum beats.

So it’s a sort of solo opera. The term pansori is derived

from pan(Korean, (Korean: 판, meaning “a place where

many people gather”), and sori (Korean: “소리, meaning

“sound”). So it means ‘sing together at a place where many

people gather.’

Gochang is the cradle of World Intangible Cultural

Heritage pansori. In late Joseon dynasty, Shin Jae-Hyo

established the six episodes of pansori, developed theory

on pansori, and created many different types of pansori.

Because of his work and legacy, he’s often compared with Shakespeare in England.

Currently, Dongrijungsa, the place where Shin Jae-Hyo used to live and teach pansori to his

disciples, is well preserved to commemorate his works and achievements in pansori. In Gochange,

there are the Pansori Museum, Dongri Korean Classical Music Hall, Pansori Education Center

providing various pansori education and experience programs.

•Address: Eupnae-ri 241-1, Gochang-eup, Gochange, North Jeolla Province

•Tel: (063) 560-2761 / 560-2457

•Opening Hours: 09:00 ~ 18:00 (Closed on Mondays)

•Website: http://culture.gochang.go.kr/

Gochang Pansori: World Intangible Cultural Heritage

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

CU

LT

UR

E &

TO

UR

ISM

GU

IDE

GO

CH

AN

G C

OU

NT

Y

225

Gochange mudflat(40.6 km2) was

designated as the Ramsar Wetland in

Feb, 2010 for its unexplored and

unspoiled mudflat, unique beauty,

biological diversity, ecological resources,

existence of salt plants and benthic

animals in pearl mudflats and mixed

mudflats, existence of natural

monuments and endangered species

such as Kentish plovers and Eurasian

Oystercatchers. Thus, Gochang mudflat is recognized as a place of global ecological preservation.

There are huge mudflats along coastal areas in Hajun and Mandol mudflat towns in Gochang.

Those mudflats are well known for producing the largest amount of Manila clams in Korea and

also for the beautiful scenery of several islands and rocks. Visitors can enjoy unique mudflat

ecological experiences and fishing village experiences such as mudflat bus driving, clam digging,

fixed shore net fishing experience, and sun-dried salt production experience.

•Address: Hajeon-ri 709-1, Shimwon-mun, Gochang / Mandol-ri 690-27, Shimwon-mun, Gochang

•Tel: (063) 563-0117 / (063) 561-0705

•Opening Hours: 09:00 ~ 18:00 (Closed on Mondays)

•Website: http://culture.gochang.go.kr/

Glchang Mudflat: Ramsar Wetland

Mt. Seonun Provincial Park, Seonun Temple dating back fifteen hundred years

Mt. Seonun, which is famous for its colorful foliage and camellia flowers, was designated as

Provincial Park in 1979, and is beautiful enough to be called Mt. Geumgang of Jeolla province.

There are many strange rocks and bizarre stones at Mt. Seonun, and at the foot of mountain, there

is Seonun Temple, established in the 24th year during the reins of King Wideok, Baekje(in the year

577). At Seonun Temple, there are 19 cultural heritage objects including Daewoong Jeon(Treasure

No. 290) and Gilt Bronze Seated Buddha Statue(Treasure No. 279).

•Address: Samin-ri 500, Asan-mun, Gochang-gun, North Jeolla Province

•Tel: (063) 560-2508 / (063) 561-1422

•Opening Hours: 09:00 ~ 18:00 (Closed on Mondays)

•Website: http://culture.gochang.go.kr/ / http://www.seonunsa.org/

Gochang Fortress

Gochang fortress is a natural stone fortress that residents of

Jeolla province built during the reign of King Danjong of

Joseon in order to protect the province from the Japanese

attack. It’s Historic Site No. 145 and is also called Moyang

Castle. The circumference of the fortress is 1,684m, its height

is 4 ~ 6m, and there used to be 22 building structures within

the fortress, by the size of 165,858 m2, but they were all

burned down in the fire. The restoration project has been

conducted since the year 1976, and 14 building structures

have been restored. It’s possible to visit and see the fortress

at night since there is the landscape lighting installed.

•Address: Eupnae-ri Mt. 9, Gochang-eup, Gochang-gun, North Jeolla

Province

•Tel: (063) 560-2455 ~ 457

•Website: http://culture.gochang.go.kr/

Gochang food to satisfy your five senses

Wellbeing RaspberryGochang’s Seonyeon raspberries are grown in the

Mt. Seonun region where there are sea breezes

and clean water. Raspberries are picked in and

around June and fermented to make raspberry

wine. The color of raspberry is clear red, like rugosa rose blooming in the morning haze, and its

sweet aroma is said to captivate the taste buds of the gourmets. Seonyeon raspberries contain

vitamin B and C, organic acids, having anticancer and anti-aging effects.

Healthy Poongjeon ellPoongjeon ell refers to the kind of ell that is caught in and around

the Incheon River. Gochang’s Poongjeon ell is tasty and nutritious,

and it’s also low in fat, so many people like it. Poongjeon ell and

raspberry wine go very well together and they are known to boost the metabolism in our body

and to have anti-aging and energizing effects.

Gochang sweet watermelonGochang has the perfect conditions for planting watermelon. The daily

temperature range is over 10°C even during the summer; the soil in the

area has good drainage and aeration. Because of such climate and soil

conditions in the region, Gochange watermelons taste great and are high

in sugar content.

•Tel: (063) 560-2244 / (063) 564-2009

•Website: http://culture.gochang.go.kr/ / http: / / www.gceshop.com

Gochang’s Other Cultural Heritages

Goyang, the city whose people are more beautiful than flowers

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

CU

LT

UR

E &

TO

UR

ISM

GU

IDE

GO

YA

NG

CIT

Y

The 16th Goyang Korea Flower Show will be held from April 29

to May 15, 2011 at Lake Park, Goyang, City with full of

refreshing flower scents.

For the successful flower show, 141 domestic companies with

52 overseas companies confirmed to take part in the show

including 7 national pavilions such as Ecuador, Taiwan,

Thailand, Nigeria, Kenya, Ethiopia, Bangladesh.

Goyang Korea Flower Show obtained certification as an

international event by the Ministry of Knowledge Economy and

built its reputation as Korea's best flower show by increasing

floricultural exports, promoting flower consumption and

enhancing the quality of flower culture and arts.

227

Goyang City

Eastern·Western Flower’s Fascinating Story

Fountain Garden, Bulb Garden, Topiary Garden, Eastern and Western Garden, MirrorGarden, Hanging Garden, Flower Sculpture.Colorful outdoor garden harmonized with beautiful Lake Park.

Wild Flower Hall, Bonsai Hall, Cactus HallProvide an opportunity to see charming Korean wild flowers, rare and precious bonsai, and

various cactuses with succulents.

Mosaic Culture GardenIt is a garden beautifully presented with artistic flower figurative works of flowers and leaves by

planting on the shaped metal surface.

Outdoor Exhibition

13th IHK Cup Flower Design Competition•Date: Preliminary Contest: May 3 (Tue), 2011, 13:00~18:00

•Final Contest: May 9 (Mon), 2011, 13:00~18:00

12th Korea Traditional Flower Arrangement Contest•Date: May 6, 2011 (Fri), 2011, 13:00~18:00

Flower Painting Contest•Date: May 5(Thu), 2011, 10:00~15:00

Flower Culture and Arts Event

•Date: April 29 (Fri), 2011, 10:00~18:00

•Participants: Horticulture Trading Companies, Exhibitors, Buyers,

Flower Growers, other related companies, etc

•Events: Showcase of new varieties, New product presentation,

trade consulting, seminar, etc.

Business Day

National Pavilion, Korea Flower Export PavilionDisplay with each nation’s representing and symbolizing flowers with various new varieties,

Korea’s representative exporting items to overseas countries.

Foreign and Domestic Company Hall, Organization HallHome and abroad’s flower leading companies take part in the show to extend the business and

show the status of Korea’s floricultural industry development.

Theme-based Pavilion, World Pressed Flower Art and Crafts HallTheme-based gardens such as Natural ecology garden, Water Garden, Orchid Sculpture,

Multimedia garden, Space garden, Urban garden, Panorama garden and Korea’s best pressed

flower works.

Indoor Exhibition

Spring Flowers of Bright Festival! The 16th Goyang Korea Flower Show!

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

CU

LT

UR

E &

TO

UR

ISM

GU

IDE

GO

YA

NG

CIT

Y

229

24th Goyang Haengju Culture Festival Connecting History and TraditionsIt is to commemorate the Great Victory of Haengju Battle, one of the three great victories during

the Japanese Invasions and to pay a tribute to the lofty spirits of Commander-in-chief of armed

forces, Kwon, Yul and patriotic forefathers at Haengju-Sanseong(Haengju Hill-Fort) and Oulim Nuri

Arts Center from October 8 to 10, 2011.

Starting with ancestral memorial service, which

announces the opening of the festival, it is full of

various events like a traditional parade reproduced

based on its historical study, parades of military

band, traditional marching band, and peasant band

and traditional performances like Pansori (traditional

Korean narrative songs), tightrope walking, Korean

archery contest and also events for citizens to enjoy

themselves at the spring outing.

Goyang with Various and Colorful Festivals

Peaceful rest like a piece of picture Lake ParkIt is an environment-friendly ecological park, Metropolitan area’s best resting space and a tourist

site where the beautiful scenery of four seasons can be appreciated.

Centering around the Lake, bicycle roads and Metasequoia walk are arranged and various facilities

are formed like lawn square and outdoor stage, singing fountain, nature center, pavilions. In

addition, magnificent festivals like “Goyang Lake Art Festival” and “Goyang International Flower

Fair” are held at this venue.

Breathing Nature beyond Iron Railing Janghang Wetland on the Lower Han RiverJanghang wetlands was designated as a wetland protection area by the Ministry of Environment in

April 2006 and it forms the ecology of brackish water zone that river water and sea water exchange

because the estuary of the river is not blocked by the riverbank, which is the only out of four main

rivers in Korea; of the wetlands on the lower Han River, the largest number of animals and plants

live here.

It has the largest willow stock in Korea and it is

a site for winterization of migratory birds and

about 20,000 birds of 40 kinds like white-naped

cranes designated as natural monument, the

bean goose and mallards visit the place,

thereby presenting a wonderful view.

It is a place where we can observe various

animals and plants living on the wetlands and

learn the importance of the environment since

we can see the real nature for ourselves like

small crab (Sesarma dehaani), moose, herons,

and snowy herons.

Goyang, City of Environment Unifying the Nature

Goyang, embracing the treasure of the world World Cuture Heritage Seooreung(Historic site No.198 ), Seosamreung (Historic site No. 200)

Five royal tombs of forty Joseon royal

tombs registered under the Wolrd

Cutural Heritage are located at

Seoohreung including Gyeongreung

of King Deokjong, receiving the

posthumous title of King, of the

Joseon Dynasty and Queen Sohye of

the Han family, Changreung of the

8th King Yejong and his second

lawful wife Queen Ansun from the

Han family, Myeongreung of the 19th King Sukjong and his second lawful wife Queen Inhyun

from the Min family and third wife Queen Inwon from the Kim family, Ikreung of Sukjong’s wife

Queen Ingyeong from the Kim family, and Hongreung of the 21st King Yeoungjo and his lawful

wife Queen Jeongseong of the Seo family.

IAt Seosamreung, there is Huireung of the 11the King Joongjong's second lawful wife Queen

Janggyeong from the Yoon family of the Joseon Dynasty, Hyoreung of the 12th King Injong and

Queen Inseong from the Park family, and Yereung of the 25th Cheoljong and Queen Cheol-In

from the Kim family.

Goyang, City with Masterpiece Culture and Heritage

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

CU

LT

UR

E &

TO

UR

ISM

GU

IDE

ICH

EO

N C

ITY

231

Icheon CityUNESCO CREATIVE CITY OF CRAFTS AND FOLK ART

Icheon is a transportation center that connects

the metropolitan area, Gangwon area and

Chungcheong area with one another. The

land has fertile soil and produces high quality rice and peaches.

Icheon also has a reputation for being the home of Korean ceramics.

There are many festivals and sights to see in Icheon. It is a cultural

and sightseeing city with a scent of art and culture.

Furthermore, Designation of UNESCO's Creative city in 2010 proves

that the cultural assets and competencies of Icheon have gained

international recognition with having foothold to leap into the world

cultural city.

OriginIn A.D. 936, Wang Geon, the first king of the Goryeo

Dynasty, arrived at Bokhacheon River in Icheon in his bid

to conquer Later Baekjae. Confronted with high

floodwaters, he was only able to cross the river with the

assistance of Seo Mok, an ancestor of Seo Hui, a renowned diplomat of the Goryeo Dynasty.

To show his gratitude, Wang Geon named the region Icheon(利川), in reference to a phrase from the

Chinese classic, Book of Changes(易經): “李涉大川” which means “crossing the big river was beneficial”

Icheon city(10.31,2010)•Area : 461.2km2 •Population : 202,309 •Number of Households : 78,121

•Town : 14 •Company : 751 •Cultural Assets : 34 •Crafts masters : 16

Icheon’s Attraction

Icheon Ceramics VillageThe Saeum-dong and Sindun-myeon areas

include a ceramics village with many ceramics

stores. Ceramic artists have researched traditional

manufacturing methods and reenacted the beauty

of Goryeo celadon and Joseon white porcelain

here. The village is the center of the effort to

preserve such artistic spirits.•Address: 544-23 Saeum-dong, Icheon

•Tel: (031) 633-5351

Seolbong ParkSeolbong Park is

located on the ridge

of Mt.Seolbongsan. It

is the central area

that led the 2001World Ceramics Expo

successfully and also played an important role

in the hosting of the World Ceramics Biennale,

Icheon Ceramics Festival, and Icheon Rice

Festival. The park is a culture area and a nice

place to rest with Icheon Municipal Museum,

Icheon World Ceramics Center, Woljeon art

Museum, Seolbong International Sculpture

Park.•Address: san 69-1 Gwango-dong, Icheon

Icheon World Ceramics CenterYou can see many

precious modern

ceramics pieces of

Korea and around

the world here. The World Ceramics Biennale is

held every odd numbered year.

There are traditional kilns, a mini ceramics park

called TOYA Land, several gallery related to

ceramics.

Haegang Ceramics MuseumThis is the first private ceramic museum in Korea. It

was established by Haegang Yoo Geunhyeong,

who spent his entire life researching celadon.

There are displays on the history

and development of

making porcelain from

the middle ages to

modern times.•Address: 330-1 Sugwang-ri, Sindun-myeon, Icheon

•Tel: (031) 632-7017

Hot SpringsIcheon Hot Springs has the high concentration

of natrium in its water in the nation. The water

is good for various skin diseases and is

effective for treating nerve diseases, obesity,

and various adult diseases.

There are many rooms, a wave pool, a sauna,

and fomentation rooms.

- Miranda Spa Plus•Address: 408-1 Anheung-dong, Icheon

•Tel: (031) 639-5000

•Website: www.mirandahotel.com

- Termeden•Address: 372-1 Singal-ri, Moga-myeon, Icheon

•Tel: (031) 645-2000

•Website: www.termeden.com

Ski ResortThe Jisan Forest Resort is

only 50 minutes from

Seoul, and many skiers

enjoy going there. There

are 8 slopes of varying

difficulty for both beginners and pros. The

Jisan Maple Condominiums are also located at

the resort.- Jisan Forest Resort•Address: san 28-1, Haewol-ri, Majang-Myeon, Icheon

•Tel: (031) 638-8460

•Website: www.jisanresort.co.kr

Sansuyu blossom VillageIn Dorip-ri and

Gyeongsa - r i ,

Baeksa-myeon,

Icheon, there is

a village with

thousands of Japanese cornel trees that are 100 -

500 years old.

In March and April, the flowers bloom, and in

October, the red fruits seduce tourists. There is

also a pavilion called Yukgoejeong, which is

endowed with the spirit of a wise man from

the Joseon Period.•Address: 667 Dorip-ri, Baeksa-myeon, Icheon

Icheon Global Peace VillageIcheon Global Peace Village provides living

environment of English-speaking countries for the

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

CU

LT

UR

E &

TO

UR

ISM

GU

IDE

ICH

EO

N C

ITY

233

participants. Through various activities such as

world cuisine experience, street experience and

broadcasting experience, it helps people to instill

self-confidence in English and to improve English

communicative competence with

joyfully and naturally. There are three different

programs such as regular, weekend and

vacation program.•Address: Korea UNESCO Peace Center, 868-1

Maegong-ri, Hobeop-myeon, Icheon

•Tel: (031)637-9840

•gpv.unesco.or.kr

Festival in Icheon

Icheon Ceramic FestivalThe Icheon Ceramic Festival promotes Icheon

ceramics and will be many elegant and

practical ceramic works to appreciate and to

purchase. There are various events to enjoy,

including ceramic exhibition, ceramic

demonstration, clay experience, lighting the fire

for the traditional kiln, etc.•Period : Sep 24 ~ Oct 23, 2011

•Place : Selbong Park

Icheon Rice Cultural FestivalThe Icheon Rice Cultural Festival promotes

Icheon rice and the wise agricultural culture of

Korean ancestors. There are various events,

including threshing, milling, straw crafts,

carrying rice sacks, and making rice cakes.

Enjoy the pleasure of

the harvest along with

a fall sentiment.•Period : End October

•Place : Selbong Park

Icheon Haessrae Janghowon Peach FestivalEvery year in early April, Janghowon is full of

peach blossoms.

In September, when the

peaches are harvested,

people gather to enjoy the

peach festival. Janghowon

peaches are sweet, and their

high quality is recognized

around the nation.•Period : Mid September

•Place : Cheongmicheon, Janghowon-eup

Icheon Baeksa Sansuyu Blossom FestivalThere is a Sansuyu habitation around the

Dorip-ri, Gyeongsa-ri, and Songmal-ri areas of

Baeksa-myeon. In the spring, the village

becomes yellow.

Spring in Icheon begins with the Sansuyu

Festival and the Sansuyu blossom.•Period : Early April

•Place : 667 Dorip-ri Baeksa-myeon

Wonderful Experience

Buraemi VillageThis is a small agricultural village in Yul-myeon,

Icheon. It has about 30 households. There are

various programs, including pungmullori, learning

mask dances, yellow soil dyeing, ceramics,

making soft dubu (tofu), and other

seasonal programs. The village offers rest and

romance to travelers and many pleasurable

experiences for children.•Address : 50 Seoksan-ri, Yul-myeon, Icheon

•Tel. (031) 643-0817

Jachaebanga VillageYangnyeong Daegun, the oldest son of King

Taejong, traveled around the nation, but he

spent 16 years at Jachaebanga Maeul. Many of

Yangnyeong Daegun’ relics are in the village.

Folk activities that princes used to engage in

are held here, and

visitors can experience folk music and also visit

the mill museum here.•Address : 506-2 Gullyang-ri, Daewol-myeon, Icheon

•Tel. (031) 643-0817

Seolbong Seowon(Confucian School)Seolbong Seowon is

a Confucian School

that was established

by Jeong hyeon, city

official at that time, at

the entrance of the current Seolbong Park in

February,1564 (the 20th year under the reign of

King Myeongjong). It was destroyed in

1868(the 5th year under the reign of King

Kojong) according to the abolition of confucian

schools by Heungseon Daewongun. It was

rebuilt in 2007, is used as a lecture hall for

teaching Chinese classics, loyalty and filial piety

for youths.•Address : In Seolbong Park

•Tel. (031) 632-6564

Icheon’s speciality and taste

CeramicsIcheon has many kinds

of ceramics, from

art to tableware

representing Korea ceramics. There is a

ceramics village around Saeum-dong and

Sugwang-ri, Sindun-myeon near National Road

No. 3. You can look at ceramics or purchase

ceramics at reasonable prices.

Icheon Boiled RiceIcheon rice which used to be served to the

king is so glutinous and tasty that eat without

side dishes. you can taste king's table with

soybean paste stew, fish, meat, vegetable etc.

and find great Korean-style restaurant

throughout the city.

Janghowon PeachesJanghowon peaches are large with a high water

content. They are the best taste

peaches in Korea because of their high sugar

content. They are very precious since they are

only harvested once a year, from mid

September to early October.

Sansuyu FruitsSansuyu fruits produced

in Sansuyu Village,

Baeksa-myeon are used

as medicinal ingredients

since they are good for relieving fatigue,

constipation, diabetes, and high blood

pressure, increasing the appetite, and reducing

fevers.

Icheon Korean beef cattle

Icheon Korean beef cattle are

raised in clean area. They are

pure Korean beef cattle which

are managed by blood management system.

Icheon Korean beef cattle with top quality, is

one of the representative Icheon’s local

specialties with rice.

Dodram PorkThis is a brand created by

pork farmers to produce

and sell quality pork.

The brand is recognized

in the Korean pork market and even in the

Japanese market.

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

CU

LT

UR

E &

TO

UR

ISM

GU

IDE

PO

HA

NG

CIT

Y

Homigot Sunrise FestivalHomigot where located in Far East in Korean Peninsula, shape of tiger’s tail. It is where the first

sunrise start, Homigot as the land of hope will rank forever with the spectacular sunrise from the

dark blue East Sea.

235

Pohang CityThe Place where the sun rises earliest inthe Korean Peninsula

FESTIVAL

Location•Homigot sunrise plaza, Homigot-Myeon, Nam-ku

Period•Dec. 31 ~ Jan. 1

Telephone•82-54-270-2114

Website•http://festival.ipohang.org

Major events•Eve Festival - Guamegi Festival, Welcome Show

•Sunrise Festival - Sunrise Concert, Sharing

Tteokguk (rice-cake soup)

•Others - To fly a balloon of hope, To fly a kite, etc.Location•Pohang Bukbu (Northern)-beach, Hyeongsan River

side Sports Park, and others

Period•July ~ August (within a week)

Telephone•82-54-270-2114

Website•http://festival.ipohang.org

Major events•Diverse firework show

•Famous entertainer’s show

•Local food market

Pohang International Fireworks & Lights FestivalIts theme has the Light is a symbol of Pohang and the Fire is a symbol of POSCO. This unique

festival created by the people of Pohang in which they become one through participation.

Pohang International Seashore Theatrical FestivalThe Seashore theatrical festival, which the famous national and foreign theaters participated, will be

meeting the blue sea of Youngil-bay and the night view of POSCO. It’ll be developed to the

international festival.

Location•Hwanho haemaji (sunrise viewing) - park

Period•July ~ August (for 10 days)

Telephone•82-54-270-2114

Website•http://festival.ipohang.org

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

CU

LT

UR

E &

TO

UR

ISM

GU

IDE

PO

HA

NG

CIT

Y

237

Homigot - Where the sunrise earliest in the Korean PeninsulaHomigot, which place where the

easternmost tip of the Korean Peninsula.

A scholar on Korean literature Choi

Nam-seon (1890-1957) depicted that the

shape of the Korean Peninsula was like

a tiger scratching the Maritime Province

of Siberia with its forefeet and told of

Korea. As it is said that a tiger runs and

commands a group using its tail is

symbolic of the prosperity rise and

peace the nation. For this reason, when

Korea was under the rule of Japanese

imperialism, the Japanese government

attempted to suppress the spirit of our

nation by driving iron piles down here and compared the shape of the Korean Peninsula to a

weak rabbit, calling this place a rabbit’s tail. According to the data of the Korea Astronomy

Research Institute, the sunrise is 7:32 AM as of January 1, 1999. Therefore, Homigot is a place

where the sun rises the earliest in the Korean Peninsula. Homigot, where grand sunrise awaking

the Korean Peninsula starts earliest and which is filled with the spirit of Korea, will last forever with

the grandly rising sun.

MAJOR SIGHTSEEING

Location•Homigot sunrise plaza, Homigot-Myeon, Nam-Ku

Jukdo MarketJukdo Market has shared the joys and sorrows

of Pohang over the centuries. At least 30-year

ago, when having three meals a day was

considered as a luxury life. It was where

people made their living, supported their

families and paid for their children’s education.

This is where sadness, despair, and happiness

dwelt side by side. It has been both home and

a place of work for the people of Pohang,

where much sweat and many tears have been

shed. As the biggest traditional market along

the East Coast of Korea, it is an important part

of economy area in Pohang. Jukdo Market,

inextricably associated with Pohang, is deeply

ingrained into the history of the city.

Location•Jukdo 1-Dong, Buk-Ku

Nearby Attractive View Point•JungAng Shopping District Brooklet

Information•054) 242-7373, 054) 246-3825

Website•www.jukdosijang.co.kr

Naeyeon-san Mt.Naeyeon-san Mountain is one of the most beautiful mountains in Korea with over 12 waterfalls,

small or big swamps - Seonil-dae and Hakso-dae. Yeonsan Falls are the largest falls in Naeyeon-san

Mountain at 30m high, 40m wide, and 2m deep. It is located just above the Gwaneum Falls.

Viewing the rushing water ceaselessly pour down Yeonsan Falls to the bottom of the grand Hakso-

dae Cliff, cools the body thanks to cool air and grand appearance of water flowing down from the

falls.

Location•Jungsan-Ri, Songra-Myeon, Buk-Ku

Sea Level•930m

Nearby Attractive View Point•Bogyeong-sa Temple

Oeo-sa TempleOeo-sa Temple was built during the reign if

Kong Jinpyeong, the 26th King of Silla Dynasty.

It was used to be called “Hangsa Temple,” the

name of which was derived from a tale of two

famous Buddhist Monks studied in this temple,

Wonhyo and Hyegong. They made a contest to

make the captured fish return alive to a stream

nearby using their own religious power. They

each insisted that the fish returned alive was his

own fish. The word ‘Oeo’ means “my fish.”

Location•Hangsa-Ri, Ochen-Eup, Nam-Ku

Nearby Attractive View Point•Unje-san Mountain

Information•054) 292-2083

POSCOPOSCO, founded in 1968, has become one of the world’s major steel manufactures, with an annual

production capacity of 28 million tons. It manufactures hot-rolled steel, cold-rolled steel, thick steel

sheet, wire rod, electric steel sheet, and stainless steel products at the Pohang factory and the

Gwangyang factory.

Location•Hangsa-Ri, Ochen-Eup, Nam-Ku

Nearby Attractive View Point•Unje-san Mountain

Information•054) 292-2083

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

CU

LT

UR

E &

TO

UR

ISM

GU

IDE

TO

NG

YE

ON

G C

ITY

Tongyeong is one of the most beautiful and famous cities in Korea in the field, culture, art, tourism,

history and tradition. It is situated in the heart of Hallyeo Marine National Park, a coastal area,

blessed with 250 gemlike magnificent islands and mild weather all year round. A variety of affluent

fishery products harvested in the US FDA-certified clean sea of Tongyeong has made this town as

the front-runner of fishing industries in Korea.

In line with today's globalization trend, Tongyeong wishes to share its taste and beauty with the

world.

Backed by the enactment of the Special Act for the Development of Western, Eastern and Southern

Coastal Areas, Tongyeong has distinguished itself as the hub of the national and provincial

southern coast development plan of Korea.

We are primed to leap into becoming a world-class tourist resort by establishing infrastructure for

yachting, other marine leisure sports and golf club too. Furthermore, the construction of Daejeon-

Tongyeong Highway and Geoga Bridge - a state-of-the-art bridge between Busan and Geoje-

ensures easy access to our world-class tourist attractions.

It is my firm belief that Tongyeong, as the center of the southern coast area, will be transformed as

the land of promise and opportunities in the 21st century.

You are invited to a city of art, Tongyeong which gave birth to numerous prominent artists such as

world renowned music composer Isang Yun and great writer Kyung-ri Park

Mayor, Tongyeong City

239

Tongyeong CityWorld-class Marine Tourism and Resort City

Greetings

Important Strategic Point of Maritime Transportation

•Tongyeong is 415km away from Seoul and 131kms away from Busan

•The completion of Daejeon-Tongyeong

Highway has facilitated the access

to Tongyeong

•The establishment of Geoga

Bridge in 2010, connecting

Busan and Geoje, is designed

to attract more tourists by

enhancing accessibility.

Location

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

CU

LT

UR

E &

TO

UR

ISM

GU

IDE

TO

NG

YE

ON

G C

ITY

241

Tongyeong Profile

•Population : 140,297 (As of Dec. 31, 2010)

•Land Area : 238.834km2 (2.3% of Gyeongsangnam-do)

•Budget : ￦404.9billion (Fiscal Year 2010)

Natural Resources and Geography

•Average Annual Temperature : 14.6°C (mild climate all

year round)

•Hub of Hallyeo National Marine Park

•250 Picturesque Islands (44 inhabited and 206

uninhabited islands)

•Seoul ⇔415km TToonnggyyeeoonngg 131km ⇔Busan

•Easy accessibility to the airport, Daejeon-Tongyeong Highway,

Geoga Bridge(connecting Busan and Geoje)

City of History and Art

•Historic Naval Headquarters governing three provinces(Gyeongsang, Jeolla, Chungcheong) in

Korea for 300 years since 1604

•Prosperity of the local economy for 300 years.

•Venue of the Great Sea Battle of Hansan, one of the four greatest sea battles in the world.

•The Great Sea Battle of Hansan Festival in honor of the victory of the Hansan Sea Battle in 1592

•Hometown of numerous prominent artists

•Tongyeong International Music Festival in honor of world renowned musician Isang Yun

Potentials of Tongyeong Special Local Products

•Fresh Fishery Products recognized by the US FDA

•400years of Craft Work

Reenactment of Battle of Hansan Tongyeong International Music Festival

Sea Cucumber Oyster Abalone

Eel

Mother-of-pearlLacquerware

Small woodenfurnitures

Metal Hinges Tongyeong Blinds TongyeongNubi(Quilting)

Anchovy Live Fish

Main Industries and Competitive Edge

•Treasury of Fishery Products

•Affluent fishery products harvested from the clean sea

•Korea's front-runner fishing industry

•Mecca of Shipbuilding Industry

•Tongyeong is a suitable place for shipbuilding(appropriate sea depth and

temperature)

•It has five greatest shipyards among the top 50 in the world

(Seongdong, SPP, SLS, Samho, 21ST Century)

•Rapid Increase of Tourist Arrivals

•Co-existence of fantastic nature scenery and culture & art

4,365,000Year 2006

4,648,000Year 2007

5,568,000Year 2008

6,315,000Year 2009

6,500,0002010(estimated)

➔ ➔ ➔ ➔

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

CU

LT

UR

E &

TO

UR

ISM

GU

IDE

WA

ND

O C

OU

NT

Y

243

Wando CountyBuilding a marine technopolis and Opening new marine era

Wando, Sinji, Gogeum, Yaksan Island

Open Drama Set of “Haesin”’God of the sea Chang, Po-Go (Wando-eup, Gonoe-myeon)This open drama set was created and used in the

making of the Korean drama “Haesin”, the

historical novel by Choi, In-ho. The Korean drama

“Haesin” contains 50 episodes and shoot film in

Korea and China. This drama was televised

throught Korea from November 2004 to May 2005

(six months) on KBS 2TV in Korea.

∙Exhibition Hour: am. 9:00~pm. 6:00

∙Tel: 061)550-5881(Sillabang drama set)

061)555-4500(Cheonghaepogu drama set)

Fishing village folkways pavilion (jungdoli, Wando-eup)

Fishing village

Folkways Pavilion

was started as a

collateral exhibition

of Wando Chang pogo Festival in 1996. We

opened “World Ocean Plants and animals

exhibition” in one pavillon and after that, we

opened Fishing Village Folkways Pavillon for the

last time in Korea in May 2002. We exhibit the

fishing goods which the people from 12 towns in

Wando donated and are gathered by Wando-gun.

Through them we show you the life history of

fishing village, condition of agriculture, history of

ship development, stuffed fishes, actinozoan and

selfish. You can experience the fishing village life

with these stuffs.

Wando Arboretum (109-1, Daemun-ri, Gunoe-myeon) The Wando

Arboretum is

green all year

round. It is

au togene t i c

one of the best

and largest

plantation in the world. There were 169-family of

3,449 types of animals and plants in 1,050ha. The

main facilities are forest exhibition hall, tropical -

subtropical greenhouse, observatory house,

observatory road, water garden, observatory,

campsite and basketball court etc. You can stroll

through the woods and enjoy hiking every

season.

Chang, Po-Go Memorial Hall (186, Jangjwa-ri, Wando-eup)

This memorial hall

honors Ambassador

Chang, po-go who

traded goods with

Korea, China and Japan. His hometown is

Wando, therefore, Wando is full of actual facts by

ancient data and documents of 3 countries for

sport light of the oceanic cultivation spirit. The

permanent exhibition is for four zones of history

such as origin, creation, empire, and sailing, in

providing the historical view of Chang, po-go’s

life and northeast trade activity and ocean

cultivation for our 21st new oceanic insights.

Jando Cheonghaejin, Historical Site(Historic Spot No. 308/809, Jangjwa-ri,Wando-eup)

Jangdo island located on front of Jangiwa-ri village,

which was established Chenghaejin by the God of

the Sea Chang, po-go in 828. It is the first trade

advance base with China, Shilla and Japan. And

also, it is military strategic spot in Korea The area is

about 126,000m2. On this island visitors can also

view ancient remains of Cheonghaejin, Chang po-

go’s castle, the wooden fence built to protect the

fortress, a stone hand mill used to grind grains, a

shrine honoring Chang, po-go, two gates and a

watch tower. The Gates and watch tower were

rebuilt by Wando County.

Wando Tower at Dadohae Ilchul ParkAt the top of Wando Tower,

you will have a chance to

appreciate the spectacular

view of sun rising at dawn

and the scenery of a

beautiful archipelago. You

may see Jeju Island clearly

from here.

Jeongdo-ri, Guheydeung (Scenic Spot NO. 3/1652, Jeongdo-ri,Wando-eup)

This pebble beach was known as a royal family’s

garden back in the United Shilla Dynasty. It has

nine layers (known as steps) of various sized

beautiful pebble. Watching the sunrise and sunset

from this beach is a breath-taking and memorable

experience. There is a walking path surrounding

this pebble beach containing various evergreen 40

kinds of tree, which are over 100 years old such

as pine tree, oak tree, holly and hackberry etc.

Myeongsasimni Beach (797-20, Sin-ri, Sinji-myeon)Myeongsasimni is Korean for “sand crying”. This

beach is the center of Dadohae Oceanic National

Park. It is 150 m wide and 4km long of silver

sand. The waters off Myeongsasimni beach are

not deep and therefore, safe for families with

children. Especially, the sand bath is really good

for aged persons’ degenerative arthritis and

neuralgia. The rocks on the seashore around here

are also popular for plentiful fishes as like sea

bream, cabrilla , bass and flatfishes.

Sillabang drama set

Cheonghaepogu drama set

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

CU

LT

UR

E &

TO

UR

ISM

GU

IDE

WA

ND

O C

OU

NT

Y

245

Chang, po-go Festival Chang, po-go Festival

is held in May of

every year. It reflects

the historic meaning

of Chang, po-go and

Wando’s boastful nature and beauty. It is one of the

best marine culture festivals of Korea.

Cheongsan Island- First designated the “Citta-slow”(Slow-sity)in Asia.

Ji-Ri Blue pine tree beach (970, Ji-ri,Cheongsan-myeon)The blue pine tree seashore is renowned for its

sunsets. It is most

beautiful sunset place

in Korea. It is 100m

wide and 1km long

and is more than 200

years old. Visitors can enjoy the cooling shadows of

more than 500 pine trees during the day and

watching the waters of the river seemingly changing

from red to black at sunset. Seafood such as sea

bream, cabrilla and bass of high grade fish is also

plentiful here.

Spring Waltz Movie Pack (323-2,Dangnak-ri, Cheongsan-myeon)This open European drama set was created and

used for a Korean dram “Spring Waltz” This drama

depicts two Korean youths falling in love each other

in sprint time, as planned as the last theme of a

series of four seasonal dramas, which includes

“Winter Sonata”, “Summer Scent”, and “Autumn in

my heart”. Many scenes from the drama were filmed

on Cheongsando island including the European

style set, which is open to the public. The location is

also home of the “Dong-ri stone wall street” where

the Korean movie “Seopyeonje” and soap opera

“Haeshin (God of sea) were filmed. Visitors can

enjoy Hwarangpo beach and Beom stone, which

offer a panoramic view of a barley field and an

expansive rape seed flowers. Each spring visitors

can enjoy the legendary beauty of the yellow rape

seed flowers set in 300000m2 space by the blue

ocean.

∙Direction: Wando ~ Cheongsan island a passenger

boat (4times a ay, Peak Time 8 times, Takes 40

minutes)

∙Tel: 061)552-9388, 550-6495

Seopyeonje Movie Pack (656 Dangnak-ri,Cheongsan-myeon)[ Ari Arirang ~ Seori Seorirang, - Arariga Natne... what

is this ridge of Munkyeongseje. It is tear... ] Dang-ri

village is a location famous for the movie

“Seopyeonje”, which was the movie that passed the

1,000,000 audience mark for the first time in the

history of movie making in Korea. Cheonsando island

is celebrated throughout Korea for its stunning natural

beauty and the place where multiple movies, drama

and operas have been filmed.

In every April, enjoy Cheongsando’s CittaSlow Walk Festival

Cheongsando’s

specially designed

walking paths of

total 42.195km in

11 courses will

provide you the

greatest moment

of your life in thinking, enjoying and appreciating the

surrounding landscape filled with yellow rape

blossoms and blue barleys. This paths were recently

recognized as “Citta Slow Path” by the International

Slow City Union.

| Wando Country Tourism Guide Map

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

CU

LT

UR

E &

TO

UR

ISM

GU

IDE

YE

ON

GW

OL

CO

UN

TY

“The 10 Views of Yeongwol” are ten selected spectacular sights that represent Yeongwol. In the

10 Views, there are Donggang River (Eorayeon) that is noted for its scenic beauty,

Cheongryeongpo, the Byeolmaro Astronomical Observatory, Korean peninsula features,

Jangneung, Gossi Cave, Seondol, Kim Satgat Valley, Beopheungsa Temple and Yoseonjeong

(Yoseonam) to look around natural beauty and scenes that are spread throughout Yeongwol.

With clear and fresh four seasons of Yeongwol, the places present novel ambience and new

panorama of nature whenever you visit the 10 Views of Yeongwol. These will add abundant sights

to see and joy of travel whomever you may go with.

247

Yeongwol CountyA Good place whenever you visit, abeautiful place whenever you see“The 10 Views of Yeongwol”

Nature’s river that contains ancientmysteries Donggang River (Eorayeon)

Donggang, the river where stream from theBaekdoodaegan follows a snake-like pathsplitting the chiseled cliffs of Gangwon-do andcovers an area of 60 km. Many tourists whovisit the area surprised by the spectacular viewof the Donggang River that any other river ofKorea can’t have. The Eorayeon is the mostbeautiful place in Donggang River, that callesSamsunam or Jeongjaam which means theplace for mountain wizard come down andplay. It’s the river that contains ancientmysteries, Unlike other tourist resorts in Korea,it has lack of tourist facilities or informationboard but that’s why Donngang River keepsmore beautiful views. There are king of theview with panoramic sight that holds thestreams of Donggang River that is Eorayeon.

Travel Point: It is hard to access some parts ofDonngang River along with Eorayeon becausethe road is not unpaved. To see the DonggangRiver in a day is difficult. Recently, theDonggang River is spotlighted by trekkingcourse.

•Traffic Guidance: Automobile - 10km from Yeongwol

downtown, takes 10 minutes. Urban Bus - 5 trips per

day, takes 15 minutes (It’s an Environmental

Conservation and Development Area. Please park

your car before crossing over Geowoongyo Bridge.)

•Reference: Donggang River Management Office,

Gangwon-do 033-375-5377, 1577-0545

Exile place of young King Danjong,Cheongryeongpo

Cheongryeongpo is located on the upper sideof the Namhangang River, Gwangcheon-ri,Nam-myon, Yeongwol-gun and was exile place

of King Danjong. It’s surrounded by a river tothe north, south and east side. In the west side,it has steep cliff called Yungnukbong. It’s likean island that can’t access without a boat.Cheongryeongpo where the King Danjongwho died at the young age of seventeen wasstayed consists most of a pine forest andgravelly field now. The Gwaneumsong whichlocated in the middle of the pine forests has 30-meter-height and 600-year-old. When Danjongwas banished here, he rested under this pinetree. It is good to see Cheongryeongpo itself butit is famous for geographical features of amountain and river around Cheongryeongpo,especially the crystal clear river that can see theriver bottom.Travel Point: Historical site that related to KingDanjong, Jangneung and Gwanpongheon isnearby to look around. If you are lucky, youcan see the mysterious views of Cheongryeo-ngpo covered with wet fog early in themorning.

•Traffic Guidance: Automobile - 5km from Yeongwol

downtown, takes 5 minutes. Urban Bus - takes 10

minutes.

•Reference: Cheongryeongpo Information Center

1577-0545

Constellation travel on the most high andclear place, Byeolmaro AstronomicalObservatory

The ByeolmaroA s t r o n o m i c a lObservatory isplaced on the topof Bongraesan Mt.Yeongwol -eup,which located in800m above sealevel and has best

conditions for observing among the privateobservatories in Korea. Byeolmaro is acompound word of star (byeol), top (maru),and silence (ro) and means the silent top of themountain that can see stars. You can take anastrophotography by yourself on a clear night.The Astronomical Education Center next to theobservatory has an audio-vision room,exhibition room and Constellation hobby classand astronomical lecture. It also preparedgroup and family rooms for lodging. The movie‘Radio Star’ has shot there and you can take inthe grand view of Yeongwol City and that

makes you feel like home. You can’t use publictransportation to go there; the road isconnecting to the Donggang River.Travel Point: It looks like a crane which flies upinto the sky when you see the night view ofYeongwol from the observatory. You can seethe sunrise and cloud and mist of BongrarsanMt. in the morning. Don’t forget to take yourcamera.

•Travel Guidance: Automobile - 10km from Yeongwol

downtown, takes 15~20 minutes.

•Opening Hours: Summertime 15:00~23:00,

wintertime 14:00~22:00(Closed very Monday, the day

after legal holidays and national holidays)

•Reference: Byeolmaro Astronomical Observatory

033-374-7460, Homepage http://www.yao.or.kr.

How look alike! Seonam Village KoreaPeninsula Feature

The Korean Peninsula feature which located inOngjeon-ri Seo-myeon Yeongwol-gun lookslike the actual country, having water on threesides and high eastern area and lower westernarea. Walk along with the 600m unpaved road,exuberant pine trees and roses of Sharonwelcome the tourists. The clear and clean water flow makes theKorean Peninsular feature looks even better.The village called Seonam because of itsmoderate physical aspect of a mountain and‘Sinseonbawi’ that stretches away like a wall.You will be surprised by the shape of the areawhen compare to satellite picture of Koreaexactly same so far as sticking out tail ofHomigot.Travel Point : Restaurant and convenientfacilities are not available. The road is partiallyunpaved.

•Travel Guidance: Automobile - 25 km from Yeongwol

downtown, takes 25~30 minutes. Urban bus -11 trips

per day, takes 50 minutes.

•Reference: Culture and tourism section, Yeongwol-

gun Office 1577-0545

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

CU

LT

UR

E &

TO

UR

ISM

GU

IDE

YE

ON

GW

OL

CO

UN

TY

249

Where to meet the sprit of King DanjongJangneung Royal Tomb(World Heritage)

Jangneung is thegrave of KingDanjong whosnatched his thronefrom his uncleSuyangdaegun. Hewas banished to

Cheongryeongpo and killed at age of 17. Thereis a saying that those who worship inJangneung will have good luck.Every April, a religious service is held in Hansikand where Danjong Culture Festival is heldeach year since 1967. Since 2007, there is arecreation of National Funeral. The pine treesaround the grave site turn their branches likethey are bowing to King which creates themysterious sight. Travel Point: Historical sites related withJangneung are Cheongryeongpo andGwanpongheon, they are located 2~3 minutesaway by car to take a look.

•Traffic Guidance: Automobile ? 2 Km from Yeongwol

downtown, takes 2 minutes. Urban bus- services by

20 minutes, takes 5 minutes.

•Opening Hours: Summertime 09:00~18:00,

wintertime 09:00~17:00

•Reference: Information Center 1577-0545

The cave with a 4 hundred million yearnatural mystery Gossi CaveThis cave is named from the hiding place ofthe Go family during Imjinwaeran. It’s locatedon the riverside of Jinbyeol-ri Hadong-myeonYeongwol-gun. It was created 4~5 hundredmillion years ago and is a lime cave which is 3km long. It is an inclined underwater caveshaped like a wide letter ‘W’. Inside the cave,there are stalactites like icicle and stalagmitesfrom the ground. In the old days, people used

to ride a ferryboatand crossed overNamhangang Riverof 130m in width toget to the caveentrance which isnow connected bya bridge. Unlikeother caves, variousrare creaturesinhabit in GossiCave and the cave

is separated by open and closed sections. Onlydeveloped 1 km has been explored and therest of cave was designated as precious naturaltreasures in 1969.Travel Point: The cave maintains a constanttemperature of 15 degrees Celsius. When youget inside, it feels like refrigerator. There areJoseon Folk Art Museum, Muksan Art Museum,Kim Satgat Culture Hall, Kim Satget Valley andRemains Site nearby.

•Traffic Guidance: Automobile-11 km from Yeongwol

downtown, takes 10 minutes. Urban bus- 5 trips per

day every 30 minutes, takes 30 minutes.

•Opening Hours: 09:00~18:00 At least enter before

17:00.

•Reference: Gossi Cave Management Office 1577-

0545

The place of black-and-white paintingSeondol

A large rock about 70m high is located on theSeogang River riverside that is Seondol.Seondol is called Sinseonam and has a picture-like view with a blue river and a rocky cliff.Seogang River flows between Seondol whichstands grand at the gateway of Yeongwol,Sonagijae Summit Rest Place, to admire itsmagnificent view.It was known as the location where the movie‘Gaeulro’ was filmed and the wooden steps tothe summit were prepared for children and theelderly and the feeble without destroyingnature.Travel Point: Seondol has characteristic viewsof four seasons. It’s good to see Seondol in thebeginning or end of your trip to Yeongwol.

•Traffic Guidance: Automobile - 5 km from Yeongwol

downtown, takes 4~5 minutes. Urban bus - 30 trips

per day, takes 10 minutes.

•Reference: Culture and tourism section, Yeongwol-

gun Office 1577-0545

A perfect place for family trip Kim SatgatValley

Kim Satgat Valleylocated on the roadto Nango KimB y e o n g y e o n ’ s(popular nameKim Satgat) graveWaseok-ri Hadong-myeon Yeongwol-gun. Kim Satgatcalled this placeArcadia; it has a

beautiful scene with abundant water flow onfantastic rocks and stones summer days. Whenfall comes, it has a colorful view with tingedautumnal leaves. There are the Joseon Folk ArtMuseum and the Muksan Art Museum in themiddle of the valley. Kim Satgat Remain Siteand Nango Kim Satgat Culture Hall are at theend of the valley. It is a perfect place for familytravel.Travel Point: With clear and clean water, thereis frequent contact with tourists in the holidayseason. Water flows under the shadow of thetrees and minnows are hiding in the rocks; it isa good place for children to play.

•Traffic Guidance: Automobile - 35 km from Yeongwol

downtown, takes 35~40 minutes. Urban bus - 4 trips

per day, takes 50 minutes

•Reference: Culture and tourism section, Yeongwol

gun Office 1577-0545

The representative temple of Gangwon-do Beopheungsa Temple in Sajasan Mt.

B e o p h e u n g s aTemple is a templelocated in front ofSajasan Mt.,Beopheung-ri Suju-myeon Yeongwol-gun. It’s the one of5 eokmyeolbogung

which enshrined Jinsinsari of Buddha in Korea.Jajangyulsa has established and enshrinedJinsinsari of Buddha inside of temple. There areJeokmyeolbogung, Jinghyodaesa Bointapbi,Jinghyodaesa Budo, Heungnyungseonwonji,Geukrakjeon, Mandnrajeon, Samnsunggak,beomjonggak, Cavern and Surimji in thetemple. It has a great view with curb valleyroad to Jeolgol and thick pine trees road withnative rock stairs.

Travel Point: Beopheung Valley with clearwater and 9 summits (Gubongdae) located infront of the temple creates a fantastic view. It iseasy for hiking within Baeduksan Mt. andGubongdaesan Mt.

•Traffic Guidance: Automobile - 42 km from Yeongwol

downtown, takes 45 minutes. Cross-country bus -

Yeongwol~Jucheon, Jecheon~Jucheon takes

40minutes for each. Wonju~jucheon takes 50

minutes.

Urban bus - Jucheon~Beopheung temple takes 30

minutes.

•Reference: Suju-myeon Office 033-372-8001.

Beopheungsa Temple 033-374-9177

The place where a Taoist hermit playedYoseonjeong (Yoseonam)

A superb site that admired from the age ofJoseon kings, to enshrine the poems andtablets of king Sukjong, Youngjo and Jeongjo,people built the pavilion and called the placeYoseonjeong. Next to the Yoseonjeong, there isa Maaebul sitting with its legs crossed and ahigh cliff is located back. Beneath the cliff, twowater flows meet down there that isYoseonam. Yoseonam got its name fromBongrae Yang Saeon was an officer ofPyeongchang, who was attracted by its scenicviews and graved the word ‘Yoseonam’ inSeonnyeotang rock. It is a group of granitewhich has unique pitted rock shapes which gotits name from place that a Taoist hermit played.Travel Point: In front of Yoseonjeong, the waterfrom Chiaksan Mt. and Beopheungcheoncreatea a clear valley, that is good place forfamily-unit-tourist. There are BeopheungsaTemple, Hoya Museum of Geograph,Yeongwol Seogan Art Museun and FossilMuseum nearby.

•Traffic Guidance: Automobile - 37 km from Yeongwol

downtown, takes 40 minutes. Urban bus - 4 trips per

day, takes 1 hour.

•Reference: Culture and tourism section, Yeongwol-

gun Office 1577-0545

Jeonju International Fermented Food Expo is the world’s first EXPO, specializing in fermentedfoods since 2003. It is an industrial EXPO whose purpose is to provide hope to culture andindustry communities through fermented foods of secondary processing industry, promoting thehealth, and vitalizing the economy. Every October, IFFE has held an annual event in Jeonju,Jeollabuk-do, where they represent traditional Korean food industry and culture in Korea.

IFFE provides a platform for wide cultural commu-nication and exchanges of worldwide culturalheritage of fermentation which has an affect on the life and culture of the nation. It has promo-teda various range of cultural events related to fermentation and has int-roduced newly developedplans on an annual basis.

IFFE holds fermentation exhibitions and supports B2B, marketing, overseas exhibitions, academicconferences for broadening the global networking to promote fermentation culture and industry.We also provide a wide range of educational programs to establish the groundwork offermentation food and the slow food trend which is now becoming more recognized.

- A rapid growth in marketing, B2B,and reorganization of IFFE since 2008- Re-joining of past participants (2010): Overseas 81%, Domestic 92%

IFFE Edu-tainmentInternational Fermentation Town Solidarity (InternationalFermentation Conference for consulting and contracting)

B2B ConsultingIFFE Marketing and Exhibition

Title International Fermented Food Expo 2011 (IFFE 2011)

Period 20th Oct.~24th Oct, 2011 (5days, The overseas exhibition hall runs until the 23rd)

Venue Meeting Plaza of Jeonju World Cup Stadium

size 270 Organizations & Companies, total 400booths from 18 countries

(Domestic210, Overseas 60)

Total size Exhibition Halls Conference Edu-tainment

15,000m 8,500m2 5,400m2 1,100m2

Special Exhibition

Fermentation IndustryExhibition

IFFE Excellent

B2B / B2C

Academic Symposium

International FermentationTown Solidarity Meeting

Fermentation LivingCultural Program

Cultural Programs

Well-being Cafe

Co-hosted Event“Korean Food & TourFestival”

Section Contents

Special Overseas Fermentation Foods Exhibition

Marketing for Fermentation Industry- Introduces and exhibits products of fermentation industry from 270 companies

in the world

Introduces and exhibits excellent fermented food and products selected by IFFE

By networking between buyers, companies, and consumers, it develops aintegrated marketing place, and seeks for invigoration of fermentation industryand entails manufacturing, distribution and sales

Holds international symposium and promotes exchanges between the nationsthrough R&D and new technologies in fermentation industry

Improves cooperation cross-border relations in fermentation culture and civicexchanges

Educational experiences in fermentation food and culture

Various experiences of fermentation culture through art and music

Food services and rest areas themed in fermentation

Accommodates various programs to enjoy the taste, excitement and pleasure ofKorean culture through this unique even led by Visit Year CampaignPlease refer http://www.koreafoodfestival.or.kr:8080/

Outline

Participation information: Please refer our official website www.iffe.or.kr

Programs

500

400

300

200

100

0B2B Performances

[one hundred million won]Exhibition Size [Booths] Visitors [Thousand]

2003

2004

2005

2006

2007

2008

2009

2010

2011(예상)

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

CU

LT

UR

E &

TO

UR

ISM

GU

IDE

INT

ER

NA

TIO

NA

L F

ER

ME

NT

ED

FO

OD

EX

PO

251

IFFE“Fermentation, Source of Vitality”Jeonju International Fermented Food Expo(IFFE)

Previous IFFE Performances

Korea Food and Tourism Festival is an event of Visit Year campaigns led by Korean government toinvite you to share the unique culture of Korea. Traditionally, Koreans have believed in “Food ismedicine, and Eating is work of heaven.” This festival show how Koreans devoted to prepare foodand loved to share the food in community sprit.

This festival will take you to experience the authentic traditional food, Hanok which is lodging andHanbok which is a traditional dress in Korea. We all invite you to join festival where you can makehave an unforgettable memory in the beautiful fall weather of Korea by having trips to Jeonjuwhere is the most Korean city.

※Official web site: www.koroeafoodfestival.or.kr

Located in the south western area of Korean peninsula, Jeonju dates back to the Baekje Kingdom.Jeonju became the capital city of post Baekje Kingdom and a birthplace of Joseon Dynasty later.Jeonju, where is the most Korean city, still keeps the traditional heritages such as Hanok Villagewhere preserves 750 old styled houses, Hanji which is a traditional paper and Hankbok which is atraditional dress.

The most well-known aspects of Jeonju is the food. One of the Korea’s most famous foodsoriginates from this area, Jeonju bibimbab. Korean traditional course cuisine and a bean sproutsoup are also known for their excellent tastes.

Jeonju is well known for traditional crafts such as Jeonju Hanji, Hapjuksun which is a Koreantraditional paper fan and Pansori, a narrative singing which was designated as an intangible culturalproperty by UNESCO.

Title Korea Food Festival 2011 (KFF 2011)

Period 20th,Oct.~24th,Oct,2011(5days)

Venue Meeting Plaza of Jeonju World Cup Stadium Jeonju hanok Village, restaurants and tourist attractions in province

Korea Food and Tourism Festival in 7 themes

ThemeⅡThemeⅠ

ThemeⅦ

ThemeⅦ

ThemeⅣ ThemeⅤ ThemeⅥ

ThemeⅢ

wellbing

Opening

Tourism

Tourism

Hansik

Culture

ExperienceIndustry

You are free to the level you Know! Understand the ceremony and food!

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

CU

LT

UR

E &

TO

UR

ISM

GU

IDE

INT

ER

NA

TIO

NA

L F

ER

ME

NT

ED

FO

OD

EX

PO

253

Korea Food Festival 2011In this coming October, enjoy the tastes, excitement and pleasure of Korea!

Jeonju-si, Jeollabuk-doThe most Korean city of history of traditional food and culture, Jeonju!

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

CU

LT

UR

E &

TO

UR

ISM

GU

IDE

K-W

AT

ER

(GY

EO

NG

IN A

RA

WA

TE

RW

AY

)

South Korea’s newest landmarkSapphire waterConvergence of environment and IT

The Gyeongin Ara Waterway, spanning 18km, will be South Korea’s first eco-friendly inlandwaterway connecting the Han River with the Yellow Sea. It is expected to create a new waterfrontculture and an eco-friendly, green paradigm of leisure and tourism in the 21st century.

255

K-waterA future-oriented waterwayA new green paradigm for South Korea

(Gyeongin ARA Waterway)

The beautiful encounter of the Han River and the Yellow Sea

2011 will witness the creation of South Korea’s first inland waterway.This 18km waterway connecting the Han River with the Yellow Sea will open SouthKorea’s next millennium.

The creation of the Gyeongin Ara Waterway has long been a cherished dream of Koreans. Theefforts to build this waterway began during the reign of King Gojong of the Goryeo Dynasty in the13th century, and continued through the Joseon period; however, they failed to realize the project,due to the circumstances during those times and their lack of technology.In 2011, however, the country will eventually see the opening of the Ara Waterway, which isexpected to write a new chapter in South Korea’s history. In line with the Gulpocheon StreamSpillway project, floodgates, navigation channels, harbors, bridges, and water-friendly culturalspaces will be constructed using high-tech methods. The waterway will control flooding, useinnovative logistics, and carry out tourism and leisure related functions.

A waterway that looks to a new millennium

The Gyeongin Ara Waterway, which is being built using cutting-edge technologies andwill be South Korea’s first eco-friendly inland waterway. It will represent a new vitalstep for South Korea for the innovation of its logistics systems and in creating water-friendly spaces to improve the quality of life of its people.

Preventing flood damageThe Gulpocheon Stream basin has sustained hugeflood damage because 40% of its area is low-lying.The Gyeongin Ara Waterway will serve as both anordinary waterway and as a spillway during flooding.

Ensuring eco-friendly, innovative logisticsThe Gyeongin Ara Waterway, compared with otherinland transportation infrastructures, is envisioned tobe an eco-friendly transportation infrastructure that

meets the low-carbon, green-logistics requirements. Its energy efficiency is expected to be ninetimes higher than that of a road and 2.5 times higher than that of a railroad.

Creation of water-friendly cultural spacesWater-friendly cultural spaces are being created along the beautiful waterway from the Han Riverto the Yellow Sea. The parkway, to be built along the eight spectacular waterfront views and theblue waterway, will present a new waterfront culture to the waterway visitors.

Vitalization of the regional economiesThe various facilities and waterfronts that are being created along the waterway will attract touriststo the famous sightseeing resorts and will contribute significantly to boosting productivity andemployment, thereby vitalizing the regional economies.

A future-oriented waterway that interacts with the world

The Gyeongin Ara Waterway will be made into an ubiquitous eco-waterway bycombining intelligent high-tech facilities, the latest logistics systems based onnetworks, and green information technology. It will thus become South Korea’s green-growth engine.

Combining state-of-the-art information technologiesSafe and smooth logistics will be secured using radars, intelligent CCTVs, ships’ automaticidentification systems, etc. The operation of all facilities related to the Ara Waterway will be totallyintegrated via wired and wireless networks, and harbor logistics will be activated via terminal gateautomation systems.

U-eco navigation channelShips’ locations will be automatically traced, and their movements within the navigation channelwill be monitored. Water will also be monitored viawater pollution prevention and real-time water-monitoring systems, thereby ensuring an ubiquitouseco-waterway.

Use of low-carbon, green energyState-of-the-art solar systems and geothermal heatpumps will be introduced to the operating terminal,the passenger terminal, etc. These eco-friendlysystems will ensure a low-carbon, green life.

Combining the Environment and IT

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

CU

LT

UR

E &

TO

UR

ISM

GU

IDE

K-W

AT

ER

(GY

EO

NG

IN A

RA

WA

TE

RW

AY

)

257

The first encounter with the Gyeongin Ara Waterway is very much anticipated. WhenKorea’s long-cherished dream becomes a reality, the beauty of the vital and culture-oriented eco-friendly waterfront spaces will be revealed.

Eight Spectacular Waterfront SceneriesGyeongin Ara Waterway will create water-friendly spaces with the theme of eight spectacularwaterfront views.

No. 1 view: the beautiful Yellow SeaNo. 2 view: an island village theme park that blends well with Yellow Sea’s spectacular sunsetNo. 3 view: city waterfront with Sicheon Bridge at its centerNo. 4 view: Riverside Park’s waterfalls, and Great Gorge ObservatoryNo. 5 view: traditional spaces associated with Korean sceneriesNo. 6 view: Dumulmeori Eco-ParkNo. 7 view: theme park of marinas and yachtsNo. 8 view: Han River-the lifeline of the Korean people

A parkway and its linear beautyA parkway is being created south of the Gyeongin Ara Waterway to provide people with aconvenient way to access the waterway and to provide them with diverse relaxation and eco-friendly ecological spaces. It will thus serve as a hub of culture.The parkway will consist of ecological tidal flats, a beachfront filled with wildflowers, citywaterfronts, a fog gorge, a terrace of wildflowers, a windy waterfront road, and a field dock forviewing the sceneries.

A more abundant lifestyleThe small-yet-attractive pocket park and the ecological park where one can observe diverseecological environments will offer natural relaxation spaces. Moreover, the people’s happiness andenrichment in their lifestyles will be enhanced by waterfronts, walking trails, bike roads, andwaterfront performance stages.

Sapphire Waves of Korea’s Dreams and HopesThe Gyeongin Ara Waterway, which will connect the Yellow Sea with the Han River, willchallenge South Korea to go even more global. The Gyeongin Ara Waterway, which isbeing created with a combination of the natural environment and cutting-edgetechnologies, is envisioned to become yet another landmark of South Korea.

South Korea’s low-carbon, green-growth engineThe Gyeongin Ara Waterway is expected to lead the way for South Korean low-carbon initiativesand green growth. It will realize green logistics, which is a key to green growth, presenting a newparadigm of tourism and leisure, and will transform Seoul into a port city.

The new logistic hub of Northeast AsiaGyeongin’s Port and its logistics complex, with the backing of the largest-spender in the GreaterSeoul Area, is expected to interact with its neighboring ports and airports and to make a giant leaptowards becoming the new logistics hub in Northeast Asia, carrying out transportation, economic,and tourism functions.

Creation of a 21st century eco-friendly waterfront cultureThe Gyeongin Ara Waterway will be recognized as an international tourist attraction and will createa new eco-friendly waterfront culture.

The Gyeongin Ara Waterway: South Korea’s 21st century landmark

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

CU

LT

UR

E &

TO

UR

ISM

GU

IDE

SE

OU

L Z

OO

The Goddess of flowers descends upon Seoul The Botanical Garden of Seoul Grand Park is to hold the ‘Spring Flower Festival’ in spring. Signs of

spring have yet to appear as the nation has been blanketed in snow, even in the middle of March.

While we are ready to meet spring, the general feeling has been one of never ending snowfall,

strong winds and yellow dust. This has led some to joke that the frogs waking up from their long

winter sleep, after Gyeongchip, one of the 24 lunar year terms indicating the start of spring, might

simply return to their caves. Compared with other years,

However, there is a place where you can enjoy the scent of spring in the midst of beautiful

flowers. The Botanical Garden of Seoul Grand Park launched the ‘Spring Flower Festival,’ during

the spring season, with around 8,700 flowers from 250 species on display. The flowers on

exhibition have great artistic value to the extent that some have described them as the ‘art of

flowers.’ The organizers of this event have also deftly combined the flowers with fairly tales or

myths. The exhibition has been categorized according to four themes.

259

Spring Flower Festival at Seoul Grand Park

Seoul Grand Park in Gwacheon is hosting a world folk culture festival May through June at its

botanical park. Various countries from four continents are participating in the celebration of world

folk cultures that feature performances and unique handicrafts.

In 2008, from Brazil came the “Tribal Fusinn’,” the most popular dance from the land of samba.

Also from Brazil is the highly addictive dance, “Afro-Brasileira” which is surely have everybody

moving to the beat of the music. Mask dance from China’s Sichuan Province presented a magical

show that had performers change a succession of masks and costumes at the blink of an eye. An

acrobatic team with a 52-year history also performed at the festival. A four-member team from

Ecuador played folk music of the Andes.

A fair of handicrafts from the 15 participating countries also took place during the festival period.

Antiques and handicrafts were on display and visitors also were able to see craftsmen at work on

site. Among the items exhibited are Venetian glassware, Majorca pearl accessories from Spain,

black wood sculptures from Senegal, Pakistani carpets, handcrafted Indonesia furniture, Alpaca

products from Peru and leather goods from Ecuador.

Seoul Grand Park hosts world folk culture festival

1. Escaped Sun Bear-December 2010A baby Malayan Sun Bear that escaped from itscage in a zoo on the outskirts of Seoul on Dec.6 was captured Wednesday after having eludedpolice officers and zoo staffers for nine days.Seoul Zoo said its search team climbed Mt.Cheonggye at 5 a.m. Wednesday morning tocheck traps. At around 8:30 a.m., the teamfound the 6-year-old male bear caught insideone of the traps. The bear, nicknamed“kkoma,” meaning a little boy in Korean,appears to be healthy, officials said. The zoohad installed seven traps containing honey,wine and fish-the favorite food of the missingblack bear-in the areas surrounding all thepeaks of the mountain range.“The bear appears to be in good shape. Wethink he was lured into a trap by food and wasthen locked inside the moment he stepped in.The animal was immediately given ananesthetic to calm it down,” a Seoul Zoo officialsaid. But in the process, zoo staffers faceddifficulty in anesthetizing the bear as the drugwas initially frozen, due to low temperatures,the official said. “The animal was then transferred to aveterinary hospital at the zoo by a militaryvehicle for a medical checkup. The bear will bemoved to a cage if he has no health problems,”he said.Over the past nine days, the bear was spottedseveral times by police helicopters at the top ofthe mountain, but police officers and zoo staff

failed to catch him. On Monday morning, a food cart selling instantnoodles, snacks and beverages to mountainclimbers at the top of the mountain was foundto have been damaged, apparently by therunaway bear. Police at first banned peoplefrom entering the mountain area immediatelyafter the bear’s escape. But on Dec. 10,climbers were allowed entry to the mountains.Since Monday, a 30-member search team hadbeen combing the mountains, with a team offour zoo staff to catch the bear.

2. High Birth Rate of Rare Animals-October 2010

There are 3000animals of 320kinds of rareanimals. During2010 among themtotal 303 babies of59 kinds of rearanimals were born.

Among them, the animals designated as natural

10 Top headline news of Seoul Grand Park

SEOUL ZOO

EUC

CK

Me

mb

ers

hip

Dire

cto

ry 20

11

CU

LT

UR

E &

TO

UR

ISM

GU

IDE

SE

OU

L Z

OO

261

monuments by the international convention arethere. The remodeled zoo at Children's GrandPark plays a good role of building the SeoulEcological Zoo, which is designed to create anenvironment similar to the natural habitats of itsresidents so that nature, animals, and humanscan coexist. Besides, had great happiness tohave

3. 2 Elephants from Sri Lanka-October 2010Sri Lanka do-nated two babyelephants toSeoul Metropo-litan city autho-rity at a grandceremony heldat the Seoul

Zoo Wednesday. Minister of EconomicDevelopment Basil Rajapaksa who is currentlyon a four-day official visit to the Republic ofKorea made this donation. Sri Lanka’s donationof two elephants has earned wide publicity andgoodwill about Sri Lanka among the people ofKorea. After the elephant handing overceremony, Minister Basil Rajapaksa called onPrime Minister and the Acting Minister ofStrategy and Finance of Korea. Two elephantsfrom Sri Lanka will become surely the celebrityof Seoul Zoo.

4. Special Winter Guest from Russia-November 2011-02-11

One of the most endangered animal, polar bearvisited Korea to spend 4 long cold winter. He iscalled as Samson. He will stay till February2011 and leave for another country. Seoul Zoohas not prepared sufficient budget to keep apolar bear since a male polar bear called as“Minkook” has passed away in last 2008.Samson will have best festival time in SeoulZoo before leaving for the third country.

5. Endless Love Story of Cranes-August2010

Red-crownedCrane is a largecrane and is thesecond rarestcrane in theworld. In thespring andsummer, theRed-crowned Crane breeds in Siberia andoccasionally in northeastern Mongolia. Later, inthe fall, it migrates in flocks to Korea and othercountries in East Asia to spend the winter. Thelove story of two red-crowned cranes of SeoulZoo was a hot topic. Even if both of them arefemale, they lay 2 unfertilized eggs in last endof June. The birds can lay eggs without mating.The eggs were immediately removed from theirnest but their love is endless.

6. Special ECO World-Animal behaviorenrichment program-March 2010

Animals in the wild spend most of their timeand energy looking for food, keeping theirterritory, evading predators or building homes.On the other hand, in the limited space of thezoo where they cannot contact real nature,animals are provided with a regular diet andexhibited near other animals that they wouldnever meet in the wild. In this aspect,chimpanzees and tail monkeys enjoy warmwinters without fences. The environment that animals have in the zoois largely different from that of nature, whichcauses lots of stress and various abnormalbehavior patterns, the most common of whichis called Stereotypical Behavior. It defines allabnormal behavior such as repeating the sameaction in the same space or rocking the bodyforward and backward like a dance, andincludes self-inflicted injuries such as biting

limbs and pulling out hair or feathers. Inaddition to those abnormal behaviors, obesityis another serious problem to animals in thezoo since it may cause various kinds ofdiseases. As a result, we’ve developed the‘Behavior Enrichment Program’ so that we mayinduce the wild animals in the zoo to behaveas they would in nature and reduce abnormalbehavior by providing them with a similarenvironment to that of nature.

7. Have a baby Campaign of Gorilong-April 2010

The year 2010 isthat of Gorilla inSeoul Zoo, incoping with themotto of theWorld’s LifeDiversity of 2010.There are only twolowland gorillas in

Korea. Gorilong, the male lowland gorilla ismore than 43 years old. Though he has beencohabiting for mover 20 years with Gorina, afemale gorilla (38-year-old), they haven’t hadany babies, to our regrets. This campaign willboost the happy mating of two gorillas byvarious thematic programs and special dietaryfood.

8. Birth of baby seal-Baekryungdocampaign-July 2010

Water seal of Baekryungdo is unique from 30kinds of seals in the world. There existed about8,000 seals in 1940’s but actually 300 areobserved. They are really endangered. On last24 of February, a baby water seal was born atSeoul Zoo. For the felicitation of this birth, aninvited professor specializing in marine animalsprovided the interesting lectures about habitat,migration, breeding and other characteristics.

9. Rhinoceros Hornbill from Rain Forest-September, 2010

The RhinocerosHornbill of Indo-nesia rainforestwere introducedto the public onthe 1st of August2010. This bird

has a mainly white beak and casque, but thereare orange places here and there. After theeggs are laid the male collects mud, and themale and female pack that mud, food, andfeces to ‘mud-up’ the tree cavity entrance. Thiscreates a very small hole, only large enough forthe male to feed the female (and later chicks)and for the female to defecate out the hole.Seoul Zoo will open the largest-scaled ‘BirdTheme Park’ of worldwide rare birds in 2011.

10. White-handed Gibbon-September2010

The White-handed gibbon,as one of themost endangeredanimals, of SeoulZoo gave birthevery year. Therange of the

white-handed Gibbon historically extendedfrom southwest China to Thailand and Burmadown the whole Malay Peninsula in primaryand secondary tropical rain forests. White-handed gibbons swing by the arms, frombranch to branch horizontally and vertically.Their long, strong arms enable them to quicklychange direction in flight and to catch ahandhold if they fall. The White-handedgibbon, like the gorilla, chimpanzee andorangutan, is an ape, not a monkey. The chiefcharacteristics distinguishing apes frommonkeys are the absence of a tail, their moreor less upright posture and the highdevelopment of their brain, and are classifiedas one of the most endangered animal andprotected. Seoul Zoo had successful births of 5 gibbonssince 2006 by improved ecological environ-ment.

2011MEMBERSHIP DIRECTORY

Edited by the European Union Chamber of Commerce in KoreaPublished in January 2011 by the European Union Chamber of Commerce in Korea

| SEOUL OFFICE

21st Floor, Hotel Kukdo, #310 Euljiro 4-ga, Jung-gu, Seoul 100-849, Korea

Tel: 82-2-725-9880~5

Fax: 82-2-725-9886

| BUSAN OFFICE

B2 Floor, Paradise Hotel (Main Bldg.) 1408-5, Jung-dong, Haeundae-gu, Busan 612-846, Korea

Tel: 82-51-744-6711~3

Fax: 82-51-744-6714

| EUROPE OFFICE

92 rue Baudin 92300 Levallois Perret, France

Tel: 33(0)1. 80. 88. 99. 18

Fax: 33(0)1. 80. 88. 99. 19

Websaite: www. eucck.org

E-mail: admin@eucck.org, eupa@eucck.org KRW 120,000 / EURO 80

Copyright © 2011 by the EU Chamber of Commerce in Korea

Registered in 1998. 5. 22 2-2574 Ho

THE EUROPEAN UNION CHAMBER OF COMMERCE IN KOREA