(Park Jong-sae, jspark@chosun.com )
Gyeonggi Province, which encompasses Seoul, plans to set up the world's largest complex for liquid crystal display (LCD) production facilities.
Governor Sohn Hak-kyu unveiled the plan in an interview with the Chosun Ilbo on Monday. He said the ¡°LCD zone¡± would span 213 million pyeong (one pyeong equals 3.3 square meters) that would link Paju city in the northern part of the province to Pyeongteak in southern Gyeonggi, and would accommodate production firms for the cutting-edge display product.
LG.Philips LCD, one of the world's largest LCD producers, plans to build a plant in Paju.
Sohn said the province would invest W633 billion in the zone by 2008.
A complex exclusively for foreign firms is also planned to be built in the region on an shared investment by the province and the Ministry of Commerce, Industry and Energy (MOCIE), the governor said.
Gyeonggi also plans to face-lift its logistics infrastructures for the LCD zone, including a plan to increase the number of berths at Pyeongteak Port from four to eight.
The province expects that when completed in 2008, the LCD cluster zone would house 737 LCD firms for 85,000new jobs, with a turnover worth W10.25 trillion and exports of US$7.1 billion.
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