Chungcheongnam-do

▲ Kkotji Beach, Anmyeondo Island

With the advent of the Pan-Yellow Sea Era, the value of Anmyeondo Island is rising anew.

The Chungcheongnam-do Provincial Government has set up an ambitious plan to make the Yellow Sea (aka the West Sea) the Mediterranean of Asia.

Anmyeondo Island in Taean-gun lies at the center of the plan. The Provincial Government envisions enhancing the value of Anmyeondo Island and putting up an international tourist resort there in keeping with the Pan-Yellow Sea Era.

Anmyeondo Island is a major tourist destination with beautiful natural surroundings. It also enjoys a geographical advantage, being close to the eastern provinces of China as the core of the Chinese economy.

The Provincial Government held IR sessions concerning the tourist complex on the island at both the Provincial Government Office and Taean-gun Office for the representatives of interested Chinese businesses for three days from May 7.

Said representatives included Chairman of H Corporation, which engages in real estate development, and five people from the Real Estate Chamber of Commerce under the All-China Federation of Industry and Commerce (ACFIC).

The Chinese business representatives looked around Solmoe Holy Ground and Naepo New Town in Hongseong-gun and Yesan-gun in Dangjin before attending the IR session, which included the viewing of a PR film prepared by the Provincial Government, briefing on the international tourist complex on Anmyeondo Island and industrial complexes in Seosan, Buyeo, and Seocheon, and Q&A session.

The Provincial Government has pursued strategies focusing on specific investment sectors to attract Chinese capital: ∼ large-sized tourist sites like resorts in tourist zones; composite resorts associated with academic learning and art, and; capital participation in technologically advanced businesses and M&A.

Those from the Provincial Government had held IR sessions by paying visits to H Corporation, T Group, N Corporation, C Group, L Group in December 2014 and January 2015 to fuel their interest in investment destinations in the Province.

H Corporation led by Chairman is a business operating hotels and leisure facilities and engaging in real estate development and green agriculture. It is very much interested in real estate development in foreign countries and investment in Korea.

How the IR session will turn out is something worth watching out for, since the business is known to be optimistic about the development of Taean tourist complex.

Chungcheongnam-do will focus on the attraction of Chinese capital in keeping with the current tourism development trends.