Gov't officially scraps original plan for Sejong City for business hub
- 공보실
- 2010.01.21
- Hit 3464
Gov't plan-Sejong city
Gov't officially scraps original plan for Sejong City for business hub
By Shim Sun-ah
SEOUL, Jan. 11 (Yonhap) -- The government on Monday officially scrapped its plan to move some ministries to Sejong City and announced that it will instead turn the new city into a business and science hub with several leading South Korean conglomerates already having agreed to set up operations there.
Samsung, Hanwha, Woongjin and Lotte have signed accords with the government to launch business operations in the new city that the government aims to turn into a business and science hub, Prime Minister Chung Un-chan said Monday.
In 2005, then President Roh Moo-hyun decided to relocate nine ministries and four subsidiary agencies to the planned city, located some 150 kilometers south of Seoul, beginning in 2012 as part of a presidential campaign pledge to promote balanced regional development.
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