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:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)