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Investment Environment

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Business Environment
Industry Complex

Business Environment

Historically an agricultural province, Chungnam is changing into a center of high-tech industries such as IT, BT and NT. With more active participation in the business and industrial sectors, Chungnam has a bigger trade surplus than any other provinces in Korea and its proportion of production is increasing.

Industrial Structure
  • Agriculture, forestry and fisheries: 10.8% (6.8% higher than the national average)
  • Manufacturing industry: 41.2% (8.0% higher than the national average)
  • Services: 48.0% (14.8% lower than the national average)
Manufacturing Industry
  • The number of manufacturing companies: 5,544
  • The number of venture companies: 209
  • Industrial complexes: 101 locations(6 national, 21 regional, 71 agricultural and industrial, 3 others); 82,938,000m²
Distribution Industry
  • Traditional markets (permanently open): 32 places
  • Periodic traditional markets: 45 places
  • Distribution facilities: 3 department stores, 9 largescale discount stores
Features embodied in Digital Chungnam
  • Expansion of Digital Information Systems : Network among the central government, the provincial governments, city and county governments, towns, townships and dong offices
  • Regional Government Operated by a Digital System
    • Accomplishments of the electronic civil service system
    • Operation of "Knowledge Management System"
  • Construction of e-Company
    • Economic and trading companies in Chungnam: Construction of 200 web sites in English, 4,500 in Korean
    • Operating exclusive cyber market called the "Digital Department Store" (http://www.chungnamplus.co.kr)
  • Foundation of Digital Environment
    • Operation of a "Digital Room“ : 218 locations, 140,000 people
    • Creation of a model village with information systems : 22 villages
    • Internet surfing contests for different age groups : youths, homemakers and senior citizens (silver)