Bundang, a widely popular suburban or satellite city on the outskirts of Seoul, was until recently a place most people usually associated with rest and relaxation.
However,christian louboutin, this is starting to change as start-up companies are heading to the city about 20-minutes away by car from southern Seoul. In doing so they are transforming what was once considered a "bed-town" into a "venture town." The trend was fueled by the government's decision three months ago to attract start-up companies in areas around Bundang stretching from Yatap to Ori. And for some already doing business there it was a natural choice.
"The air is cleaner and there's more space compared to Seoul. So I think there's a lot of merit in having an office in Bundang,christian louboutin uk," says a manager at J-tel. J-tel is an integrated communications company,christian louboutin pas cher, which chose to set up shop in Bundang for a simple,louboutin pas cger, but a practical reason; to cut down on the commute as most of its engineers live in the area.
"One of the merits of having an office here is that the major telecommunication companies like Korea Telecom,abercrombie and fitch, SK Telecom and Samsung and all the small cellular phone manufacturers are located in this area. So I think there's a lot of synergy between those companies,abercrombie," he continued.
The Bundang venture town could be trying to become the version of Seoul's dotcom oriented Tehran Valley,supra footwear, with added features attracting telecom firms that capitalize on the suburban city's high-tech infrastructure. While Tehran Valley's space considerations allow room for only office space, Bundang has the capacity to build factories.
Overall,christian louboutin, the number of venture firms around Kyonggi Province,abercrombie and fitch france, where Bundang is located,louboutin, grew by more than four times last year compared to three years ago. And it's bound to increase as the district is expected to lure some 1,supra,000 venture firms by 2005.