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:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)