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ROK Becomes Top Investor in Shandong

The Republic of Korea (ROK) has become the leading foreign investor in east China's coastal province of Shandong by funding 9,167 projects in the province.

The figure accounted for one-fourth of the total foreign-financed enterprises in Shandong and one-third of the projects funded by ROK firms in China by the end of September this year, according to governmental statistics.


Shandong had used US$8.36 billion of ROK investment by the end of September, accounting for 20 percent of the total amount of used foreign investment in the province, or two-fifths of the total ROK investment in China.


Sources said that great potential exists in Shandong-ROK cooperation in the fields of electronics, semiconductor, automobile, ship-building and petrochemical industries.


It is learned that more than 6,000 of the 300,000 small and medium-size manufacturing enterprises in ROK have the intention to expand their businesses in China's eastern coastal areas, especially in Shandong Province.


(Xinhua News Agency November 10, 2003)

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