The government aims to promote balanced regional development through amended state contract rules
South Korea gives bidding preference to firms outside Seoul area
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Summary
Without substantial and accelerated infrastructure expansion, experts say it will be challenging to operate the complex at capacity by 2030. However, companies involved in the project such as Samsung Electronics will need to find new energy sources to power the project, with a goal to establish it by the end of Lee’s term in 2030. The amendments also raise the ceiling for sole-source contracts for research equipment used in government-funded research and development projects to 50 million won (US$33,800) from the current 20 million won.
Furthermore, SEOUL, July 21 (Yonhap) -- South Korea will give preferential treatment to companies based outside the Seoul metropolitan area in state contract bidding in an effort to promote balanced regional development, the finance ministry said Tuesday.
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Without substantial and accelerated infrastructure expansion, experts say it will be challenging to operate the complex at capacity by 2030.
according to The Straits Times - AsiaHowever, companies involved in the project such as Samsung Electronics will need to find new energy sources to power the project, with a goal to establish it by the end of Lee’s term in 2030.
according to The Straits Times - AsiaThe amendments also raise the ceiling for sole-source contracts for research equipment used in government-funded research and development projects to 50 million won (US$33,800) from the current 20 million won.
according to Yonhap NewsSEOUL, July 21 (Yonhap) -- South Korea will give preferential treatment to companies based outside the Seoul metropolitan area in state contract bidding in an effort to promote balanced regional development, the finance ministry said Tuesday.
according to Yonhap News
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