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Yantai China-S Korea Industrial Park explores “Two Nation Double Park” mode

2015/9/18 16:42:18   source:sdchina.com

  With the official signing of the China-South Korea FTA, the China-South Korea Industrial Park, one of China’s key projects to cooperate with South Korea, is formally contained in the framework of the China-South Korea FTA.

  Thanks to the specific geographical superiorities, dramatic strategic advantages, convenient transportation and broad market, the China-South Korea Industrial Park chooses to be located in Yantai. It lies at the intersection of the Pacific Rim economic circle and Northeast Asia economic circle, and it is also a central city in the east of the Bohai Economic Rim and one of the most dynamic traffic hubs in the Northeast Asia. Because of these advantages, the economic ties between Yantai and South Korea develop rapidly.

  Yantai has formed trillion pillar industries in machine manufacturing, electronic information, food processing and modern chemical engineering, cultivated emerging industries including high-end equipment manufacturing, energy saving and environmental protection, bio-technology and animation design, in which Yantai can cooperate with South Korea in a comprehensive and in-depth way.

  China and South Korea will reinforce cooperation in the establishment, operation and development of the China-South Korea Industrial Park. The two sides will be committed to promoting the mutual investment in designated industrial parks.

  According to Yantai Municipal Bureau of Commerce, Yantai China-South Korea Industrial Park will adopt the “Two Nations Double Parks” mode and cooperate with Sae Man Geum, the only national park management institution designated by Korean central government. Yantai China-South Korea Industrial Park and Sae Man Geum will develop together using the free trade area preferential policies.

  Currently, Yantai is accelerating the construction of the China-South Korea Industrial Park, endeavouring to build a demonstration park of the China-South Korea cooperation, a comprehensive international logistic hub of the Northeast Asia, a cooperative platform of the “One Belt One Road” strategy and a wise livable area highlighting South Korean elements. With a planning area of 398 square kilometers, the park consists of advanced manufacturing industrial area, modern logistics zone and modern service industry cluster.

  Renowned real estate developers and construction enterprises from South Korea will contribute to the construction of the park, at the same time to develop industrial real estate, commercial real estate, endowment real estate, making the park with more features.

  To coordinate with the national strategy, Yantai endeavors to promote the rapid development of the China-South Korea Industrial Park by learning from other parks, taking aggressive reforms and adopting innovative measures. Currently, Yantai is drawing up the planning of the industrial park and mulling over an all-round cooperation with South Korea in various fields.

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