Chengdu Hi-Tech Zone: Establishing the China-South Korea Innovation & Entrepreneurship Park

CHENGDU, China, Nov. 16, 2015 /PRNewswire/ -- On October 31^st, Li Keqiang, Prime Minister of China, and Park Geun-hye, the President of South Korea, announced the set up of the China-South Korea Innovation & Entrepreneurship Park in Chengdu when Li visited South Korea. Depending on two nations' innovation and creative institutions, such as Chengdu National Innovation Demonstration Zone and the Gyeonggi Center for a Creative Economy and Innovation in S. Korea, the park will be established as a landmark project of cooperation between China's Mass Entrepreneurship and Innovation and S. Korea's Creative Economy.

On November 10^th, during the Chengdu Consensus Round Table Meeting on Global Innovation & Entrepreneurship, Fan Yi, the director of Chengdu Hi-tech Industrial Development Zone management committee, expressed that the China-South Korea Innovation & Entrepreneurship Park had finally settled on a site of Chengdu Hi-Tech Zone. The foundational plan is to create the park that adheres to the mode of "Innovation & Entrepreneurship Incubation Platform + Industrial Park", including promoting the construction of the China-South Korea innovation & entrepreneurship carrier and China-South Korea high-end industry base as well as supports of mechanism, policies, fund, etc.

In June this year, Chengdu Hi-tech Zone was approved to construct a national innovation demonstration zone. Development is to be based on the strategic positioning of "A leading area in innovation-driven development, a high-end industry cluster area, an open innovation demonstration area, and a new pole for growth in central and western China" designated by the State Council. As one of the first national high-tech industrial development zones by the State Council in 1991, Chengdu Hi-tech Zone ranks 4th among over 140 counterparts with its capability of innovation and entrepreneurship.

Recent years witnessed intensive international cooperation with Chengdu's High-Tech Zone. The economic extroversion of the Chengdu High-Tech Zone has also ranked first in various parks in western China over a long period of time. Besides the China-South Korea Innovation & Entrepreneurship Park, the China-Cuba Biochemical Industrial Park and the Singapore-Sichuan Hi-tech Innovation Park have set up shop in the Chengdu Hi-tech Zone. The EU-China Business and Technology Cooperation Fair has been successfully held for 9 sessions here. So far, 104 enterprises of the world's top 500 enterprises such as Intel, GE, Novartis, Siemens and Phillips, and over 60 research & development centers of enterprises renowned both at home and abroad have been gathered here. In 2014, the total import and export volume of the Chengdu High-Tech Comprehensive Bonded Zone reached USD 28.5 billion.