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SOUTH KOREA TO CREATE INDUSTRIAL COMPLEXES TO MAKE NEW CARS.
SEOUL, June 8 Asia Pulse - The South Korean government said Sunday that it plans to set up two industrial complexes in the country's southern region as part of efforts to establish an infrastructure for the manufacture of next-generation vehicles.
The complexes will be built in the cities of Daegu, 302km southeast of Seoul, and Gwangju, 329km southwest of Seoul, the Ministry of Knowledge Economy said.
It added that the complexes would be used to produce next-generation automobiles that include intelligent cars and clean-burning diesel vehicles.
Factories operating in the complexes will enjoy state funded financial support and deregulation in construction and expansion, the ministry said.
Work on the Daegu complex is slated to start in 2011 at the latest, the ministry said, adding it is conducting a second feasibility study on the ...
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Source: HighBeam Research, SOUTH KOREA TO CREATE INDUSTRIAL COMPLEXES TO MAKE NEW CARS.