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Key points in trade and investment promotion measures

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Published : 2014-08-12 10:20
Updated : 2014-08-12 10:20

The following are key features of the measures that the government unveiled Tuesday to boost trade and investment. They are focused on easing regulations and removing road blocks that hamper investment in service sectors. 


- Provides support for the opening of for-profit foreign hospitals on Jeju Island and in free economic zones

- Expands the daily stock price change limit from 15 percent to 30 percent

- Establishes technology credit bureaus (TCBs) and a tech database (TDB)

- Creates 3 trillion won (US$2.91 billion) in funds to promote seven promising service industries

- "Master plan" by year-end to give clear policy directions on establishing resort complexes

- Resumes efforts to attract an international theme park to Hwaseong

- Develops areas along the Han River bisecting Seoul into tourist attractions

- Lures world-class foreign education facilities in such fields as fashion, hotel management and music

- Designates "special areas" in mountains to allow the construction of hotels

- Provides support for construction of environment-friendly cable cars in mountain areas such as Mount Seorak and Mount Nam

- Opens a home shopping channel to exclusively sell farming goods and products manufactured by small and midsized companies

- Develops 10,000 new small and midsized exporters by 2017

- Increases exports through e-trade by 10-fold to $300 million by 2017

- Boosts the country's exports of processed foodstuff that use locally produced farm products

(Yonhap)

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