Chapter 408
Once the Saemangeum development plan was confirmed, the companies that had been waiting and watching were now in a frenzy, all clamoring to get in.
The Saemangeum International Forum was swarmed with business leaders and investors. Requests poured in for investment briefings to be held overseas as well.
"Since Kang Jin-hoo has invested, won't Saemangeum become the next Silicon Valley or Pudong?"
"Putting aside making a profit from business operations, just buying the land itself would be incredibly profitable."
"If not now, we might not get another chance."
To purchase land, companies were required to build factories and buildings and make a concrete investment. If they failed to conduct business activities or did not fulfill the specified period, they would have to return the land to the state.
Vying to secure the best plots of land first, companies rushed to submit their investment proposals to the Saemangeum Development Corporation. Global hotel chains like Hilton, Ritz-Carlton, and Marriott also began constructing hotels, anticipating the future increase in tourists and business demand.
Investments from OTK Company's affiliates also followed.
First, CarOS decided to build an electric vehicle factory along with a massive circuit for driving tests. The facility would be on par with those capable of hosting F1 races, with plans to attract domestic and international motorsports events in the future.