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July 16th, 2007
S. Korea picks three new foreign investment zones
According to the ministry, the Yeosu zone on the south coast has secured a US$200 million deal to build a marine recreational resort. Yeosu will host the 2012 World Exposition.
Osong, about 130 kilometers south of Seoul, was named an FDI zone because it has signed contracts with four U.S. and Canadian companies that planned to invest a total of $190 million into biotech, nanotechnology, environmental materials and pharmaceuticals.
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