Economy Mokpo

1 economy

1.1 commerce
1.2 companies
1.3 farming , fishing
1.4 industries

economy

the harbor began operations earlier other port cities on korean peninsula, allowing city experience growth, whereas growth in country since independence has concentrated on yeongnam area, trade japan , russia viable due access of coastal routes. addition of chinese economy local trade prospects increases city s potential trade center via yellow sea.

commerce

until late 1980s, commerce had been concentrated around original downtown near mokpo station. in late 1990s, large residential areas built in yeonsan dong , hadang, resulting in significant outflow of population of city. resulted in city council adopting bylaw support old downtown area, however, outward flow has worsened.

economic power has been notably imbalanced opening of lotte mart in 2001 , e-mart in 2002. home plus solitary large-scale market in mokpo, located in old downtown near munhwa broadcasting corporation.

the 1 exception declining economy of city fish markets of dongmyeong , north harbor have been magnet tourists , local people looking octopus or other indigenous products. economic bureau of city has spent ₩300 million on promoting market since 2009.

companies

companies operations in mokpo include bohae brewing company , haengnam chinaware. bohae brewing company produces brand of soju honam area, of best selling product maple soju (잎새주), first company utilizing maple in brewing of soju. bohae entered joint development asahi breweries in japan expand soju production operations. in 2008, bohae became first korean brewing company open wine sales in united states, exportation of rugby ball wine.

another major company haengnam chinaware, established in may 1942. headquarters in mokpo, 2 other branches, 1 in seoul design , public relations, , in yeoju production. in 1953, company first in korea develop coffee cup sets. in 1963, began trade in hong kong, exports china growing more 2 million dollars in 2008. in 2011, president signed memorandum of understanding (mou) ministry of environment of south korea develop less pollutant-emitting process. project includes publicity campaign raise public awareness on environmental issues , effect on rare species.

farming , fishing

mokpo made of sparsely populated farmland, 1,326 households under half hectare. area produces high quantities of rice, barley, , beans, greens , fruits such tomatoes, cucumbers, , oriental melons increasing in popularity since 2001.

ships harbor travel heuksando fish skate , hairtail. mokpo s yield of marine products reached 26,862 tons in 2006, consisting chiefly of fish, of shellfish, mollusks, , seaweeds contributing total. mokpo known harvest of small octopus, although has declined in recent years. number of fishermen had dropped fewer 3,000, has been rising since 2007.

industries

the regional economy relies heavily on daebul industrial complex , hyundai samho heavy industries located near yeongam. imports of merchandise support local economy of mokpo pass through harbor. halla group initial owners of heavy industries, until taken on hyundai, changed company name hyundai samho heavy industries, samho meaning 3 lakes. 2007, corporate profits amounted more 460 million, increase of 25% on 2006. south jeolla province succeeded in attracting series of investors renewable energy companies solar panels. innovation silicon ltd, invested 10bn won in developing silicon producing complex.