Investment

Domestic and foreign investments attracted by Gwangyang Bay Area Free Econ

Jeollabuk-do has attracted about W8.3 trillion in investment from 427 companies since July 2006 when the governor of the province was inaugurated.

In particular, the province attracted 11 global companies with an investment of over W100 billion  during the period, greatly contributing to the regional development, Kim Wan-joo, governor of Jeollabuk-do said.

The Yellow Sea Free Economic Zone (YESFEZ) will be developed into a knowledge creative economic zone centering on key industries, a top official of the YESFEZ said.

With all the gloom and doom of the global economic crisis still crowding the headlines around the world, one would think that a trip to the Invest Korea offices at the Korea Trade-Investment Promotion Agency (KOTRA) would get more of the same.  However, Chung Tong-soo put that misperception to rest right away in an interview with the Korea IT Times.  When first asked simply how KOTRA and Invest Korea are doing, he said, "We are staying about even compared

Kuala Lumpur - Bursa Malaysia Main Board listed Green Packet Berhad ("Green Packet"), a leading developer of WiMAX products and solutions, has, via its subsidiary, Packet One Sdn Bhd, the holding company of Packet One Networks (Malaysia) Sdn Bhd, entered into an agreement with Pacnet for the transfer of Pacnet's Facilities-based Operator ("FBO") license and Wireless Broadband Access ("WBA") spectrum right to Green Packet's newly incorporated company, Packet One (S) Pte Ltd ("P1 Singapore").

Fusion-io has taken a cash investment from NAND chip leader Samsung, strengthening an existing chip supply relationship.

KT will invest a total amount of W200 billion (US$167.2 million) in the Green IT sector by the end of this year, while seeking mutually beneficial cooperation with its subcontractors for the realization of the Low Carbon, Green Growth vision and eco-friendly management.

This was disclosed during a presentation at the First IT CEO Forum held at the Grand InterContinental Hotel in Seoul on Sept. 24.

Daegu Gyeongbuk Free Economic Zone (DGFEZ) is actively pushing ahead with ambitious projects to become a hub of knowledge-based industries in Northeast Asia, a top administrator of the DGFEZ Authority said.

Under the ambitious vision of becoming a world-class city, Incheon Metropolitan City has been going all-out to prepare for the successful hosting of the Global Fair & Festival 2009 and the construction of advanced infrastructure.