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To develop the country by regrouping it into seven economic zones, the government will invest W50 trillion over the next five years in a total of 30 projects (US$1=W1,100). They include the Saemangeum mega project and construction of a Honam (Jeolla Provinces) High Speed Railway, and other infrastructure such as roads, railways, ports and airports. To help promote key industries, the government will foster one or two universities in each zone to provide skilled manpower.
The government on Wednesday said it made the decision at the second session of the Presidential Committee on Balanced National Development chaired by President Lee Myung-bak. Strategy and Finance Minister Kang Man-soo said, "The previous administration implemented a plan to develop several small economic districts. But the current government will pursue a policy to seek balanced national development by regrouping the country into large economic zones."
(englishnews@chosun.com )
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