Founded: 57 BC
Head of Government: Mayor Mr. Kang Un-Tae
Area: 193.58 sq. mi
Elevation: 102 ft
Main Industries: Auto manufacturing, Information Technology
The capital city of the Chollanam-do Province, Gwangju is an important governmental, cultural, and artistic center. The city boasts extensive remains from both the Paekje culture and the artistic and scholarly accomplishments of the Chosun period. Mt. Mudung, on the southeastern side of downtown Gwangju, hovers over the city’s 1.3 million people like a guardian. Along the slopes of this majestic peak, visitors can witness the beauty of Yongchu Falls and several ancient temples. These monuments, along with Confucian academies located throughout the region, are reminders of Korea’s Confucian tradition. The city is also the site of the world famous Bienale Arts Festival, a bi-annual festival that runs for three months and showcases the best in international contemporary art.
Gwangju’s economy plays a major part in South Korea’s record growth and integration of the high-tech industry. Success in this economy is due to close government and business ties such as import restrictions, support of specific industries, a strong labor force, and directed credit. The current South Korea GDP is estimated in excess of $1.196 trillion averaging a real growth rate of around 5% annually.
Gwangju has five industrial parks covering over 7 million square meters. At the junction of several major highways, Gwangju offers many incentives to foreign companies looking to establish a base in South Korea.
Additional internet resources:
Gwangju City Seal