A Study on the Development Strategy of Huizhou’s Korea-China Industrial Park

Abstract

The 2015 Free Trade Agreement between South Korea and China included the establishment of Korea-China industrial parks. Three cities (Yantai, Yancheng, and Huizhou) were confirmed as Chinese industrial park.Among the three cities in China, Huizhou will be developed through the “Yuegang’ao Greater Bay Area” plan as China’s Silicon Valley with nine main cities in Guangdong province. Therefore, Huizhou's Korea-China industrial park also has great growth potential. The advantages of the Huizhou Korea-China Industrial Park are as follows.First, Huizhou's infrastructure is good and cheaper than other major cities in China and is becoming better. On the other hand, Huizhou has two development zones of national level; the Zhongkai National High-tech and Dayabay National Economic and Technological Development Zones. Zhongkai government said that it would develop social infrastructure and services further such as railways, roads, education, and medical services. Second, the geographical advantage of Huizhou is good to use. The Huizhou Korea-China industrial park can be a stepping stone for exporting to other countries and entering the Chinese market. Third, it offers a good environment for research centers and start-ups as well as large corporations. This study’s purpose is to investigate the development of this industrial complex.