Economy
As the backbone of Seoul in the means of manufacturing complex, Gyeonggi Province is evenly developed in various industries such as heavy industry (electronics, machine, heavy and chemical industry, steel), light industry (textile), and farm, livestock and fisheries industry. Due to the influence of recent high wages, the weight of various manufacturing industries has decreased in Korea’s economy. Gyeonggi Province is also making efforts in many ways to improve and modernize the conventional industry structure. Gyeonggi Province is unsparingly investing in the promotion of service industries related to soft competitive power such as state-of-the-art IT industry, designing, conventions and tourism, along with its great leap as a commercial hub in Northeast Asia using the Pyeongtaek Harbor. Besides this, it is famous for its special local products such as Icheon rice and Icheon/Gwangju ceramics. Also, the manufacturing base of global IT industries that represent Korea, such as Suwon Samsung Semi-conductor, Paju LG LCD Complex, and Icheon Hynix are located in Gyeonggi Province. Yeolmae Food also has its headquarters here.
Read more about this topic: Gyeonggi Province
Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)