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| ROK invests more in NE China province |
| CCTV.COM 2003-07-08 08:07:17 |
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Investors from the Republic of Korea （ROK） have estalished more than 4,000 enterprises with a combined investment of some 1.5 billion US dollars in northeast China's Liaoning Province.
However, there were no ROK－funded enterprises in the province before 1992, and bilateral trade volume remained at only several thousands US dollars.
The province's economic development has offered an opportunity for cooperation.
TriGem Computer （Shenyang） Co., Ltd, with an investment of 25 million US dollars from the ROK, has become the largest computer manufacturer in northeast China and has been the biggest export－oriented enterprise for the last three years in Shenyang, capital of the province.
Small and medium－sized enterprises in the ROK also showed interest and confidence in investing in the province. ROK's Industry Bank signed an agreement with the Shenyang City government in November 2002, to invest in infrastructure construction, tourism, environmental protection and resource exploitation.
ROK's first industrial park was launched in Dandong City in the province and more than 40 ROK enterprises, including the electronic, textile, garments and mechanical processing industries, have planned to settle in the park.
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Editor: Xiao Wei Source:Xinhua
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