GWANGJU < invest Korea

According to Yonhap News,

Gwangju City is accelerating its efforts to evolve into a 3D convergence industrial hub by hosting the Korea 3D Convergence Industry Forum last Thursday.

Gwangju Technopark, a host of the forum, inked cooperation agreements with nine relevant companies and institutions including the Korea Photonics Technology Institute, Korea Electronics Technology Institute, Electronics and Telecommunications Research Institute, DAEJIN MEDIA TECH and Nanoomtech Corporation.

The government plans to invest a total of 326.6 billion won - 245.1 billion won, 33.3 billion won and 48.2 billion won to be financed by the central government, local governments and the private sector respectively - to cultivate 3D convergence industry by connecting relevant industries in Gwangju, Daegu and Gumi.

The 3D convergence industry is a high added value industry expanding the use of 3D technology to medical, robotics and industrial equipment sectors from its previous application in film and broadcasting industries.

Gwangju plans to invest 53.7 billion won - 40.9 billion won, 10.4 billion won and 2.2 billion won to be funded by national and local budgets and the private sector, respectively - to build the 3D Convergence Technology Support Center in the High-Tech Science Industrial Complex.

"We are aiming at becoming one of the world's top three convergence industrial hubs with the global market share of 7 percent in 2017," said Gwangju Mayor Gang Un-tae.

Source Text

Source: Yonhap News (Nov. 22, 2012)

** This is the translation of a Korean article.