Gov't, IT Firms Join Forces to Target Asian Mart

Article excerpt

Korean info-tech firms and the government are pushing for a nationwide network of Internet business.

The Korea Internet Corporations Association (Kinternet), a body of major domestic Internet start-ups, held a meeting with Information and Communication Minister Ahn Byung-yub yesterday and decided to jointly implement the e-Park project for localized e-business promotions.

Lee Kum-ryong, president of Kinternet, proposed the e-Park project to Minister Ahn in a bid to nurture the growing Internet ventures in partnership with local administrations.

Lee said the government and Kinternet will set up special industrial zones in nine provinces and five major cities so that local Internet start-ups can specialize in specific themes customized to their areas.

``The project will find and support promising local Internet ventures through tax breaks and support systems which will contribute to the budget of local administrations,'' Lee noted.

To that end, Kinternet will organize a variety of seminars with local government and state-run agencies to draw up a master plan for the project under the aegis of the Ministry of Information and Communication.

During the meeting with Minister Ahn, Kinternet also urged the ministry of support high-powered domestic Internet firms to make inroads to the fast-growing Internet market in Asia. …