Economic Cooperation Complex Creation - Economic Cooperation Complex
Creation of Korea's first Transnational Economic Cooperation Special District
Creation directions of special districts
- Creation of cross-border special economic cooperation districts based on FTAs with multiple countries and expansive land available
- The special economic cooperation districts can be situated anywhere in the Saemangeum area.
The concept and vision of the special economic cooperation districts
- Concept: : A joint economic zone created through cross-national cooperation at all stages including planning, development, and company attraction
Development directions by district
Analysis of promising industries in the mid- to long-term trade structure → Identification of target companies
Industrial Research Hub [Industry + Research] - Creation of a joint research R&D complex for high-tech industries and a food processing complex
International Cooperation Hub [Economic Cooperation + Joint Tasks] - Creation of nation-specific cooperation complexes using Korea’s FTA network
Creation of Korea-China Economic Cooperation Complex
Materialize the Korea-China Economic Cooperation Complex and use it as a bridgehead for entry into China before expanding the model into the US, the EU, and Japan, etc.
Attraction of Chinese businesses aspiring to tap into the Chinese government’s abundant foreign reserves (US$4 trillion) and efforts toward overseas expansion by highlighting the competitive edges of Saemangeum and granting benefits such as more expedient customs and quarantine clearance through bilateral cooperation
"The two sides have agreed to continue to discuss and conduct research on the Saemangeum Korea-China Economic Cooperation Complex in the future."
"双方同意就新万金中韩经济技术合作区进一步沟通，并开展相关研究。"
