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The more you know of it, the more you will like it !
Human Resources Securing highly skilled workforce is the key to success for companies competing in this
knowledge
- based industrial society. Not only 30,000 graduates from 39 universities and colleges, but also
Science & Technology
centers- including 123 cooperate research institutes and 226 university organizations,
fully utilize the potential of having
companies doing business in this local area.
Technology CentersTwo technology parks, four regional research centers, three technology innovation centers,
twenty eight venture business incubator centers are the core components for supporting technology transfer,
product development and market expansion. The province is fostering advanced technology industries such as IT,
automobile parts, electronics and machinery with world renowned companies.
Natural Resources Nakdong River,
the longest river in Korea, runs through the province, allowing 2,190,000 tons of water
storage in six industrial and
agricultural dams.
Gyeongsangbukdo produces 61,869,804 Mwh per year from eight nuclear power stations and two
hydropower plants.
Electricity prices are lower than in any other region in the world according to a KPMG survey.
Telecommunications The aggregation of mobile communications and the Internet services have advanced Korea to
be as a ˇ°jewelˇ± for the IT industry. Gyeongsangbuk-do is often credited for being technologically advanced and
having price competitive telecommunication systems and networks. More than 60% of the population is subscribed to
Internet services. Economic Strengths and Opportunities Gyeongsangbuk-do is one of the most
dynamic regions in
Korea. Economy and export growth rates are highest among the local governments.
The National Assembly ranked us at the top of the 16 local governments in terms of future industry growth potential.
Machinery, metals, electronics industries led double-digit increases recently. GRDP recorded US $58 billion,
which is the fourth highest in the nation. Gyeongsangbuk-do is nurturing 6 national industrial complexes,
26 local industrial complexes, and 53 regional industrial complexes. Beside its industrial capacities, the area has
huge
potential with the consumer market. The structure of the industries is healthy and each industry is large
enough to hold
diversity of economy. |
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