Sino-ROK IC Design Center Launched in China's Shenzhen

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Last updated at: (Beijing Time) Tuesday, January 28, 2003

Sino-ROK IC Design Center Launched in China's Shenzhen

A center for designing integrated circuits (IC) jointly built by China and the Republic of Korea (ROK) has been inaugurated in the high-tech zone of Shenzhen City, south China's Guangdong Province.

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A center for designing integrated circuits (IC) jointly built by China and the Republic of Korea (ROK) has been inaugurated in the high-tech zone of Shenzhen City, south China's Guangdong Province.

SinoKorea Soc Co. Ltd., with KETI, a major state scientific research organization of the ROK, holding a controlling stake, is the first business operating at the center.

Through the center, Shenzhen would make progress in developing an information technology industry in cooperation with partners from the ROK, said Liu Yingli, deputy mayor of Shenzhen, at a ceremony to mark the inauguration of the center.

SinoKorea Soc Co. Ltd., for instance, would design and develop many new IC products, said Liu, who believed the joint venture improved Shenzhen's investment environment.

Shenzhen was home to 70 IC companies, which accounted for half of the national total, said Liu.

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