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:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)