Departments of Chengdu municipal government and SK Group (China) signed a memorandum of understanding on Wednesday for the cooperation in creative industry.
One of the Fortune Global 500 enterprises, SK Group has established wide-range cooperation with China in the field of energy, chemical industry, telecommunications, logistics and creative industry.
The memorandum concerns a project called the New City of Cultural and Creative Industry in Eastern Chengdu, which is located in southeastern Chengdu and covers an area of 41 square kilometers. The area is designated to be the core of the city s creative industry.
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SK Group is the fourth largest conglomerate in South Korea. The SK Group is composed of 92 subsidiary and affiliate companies that share the SK brand and culture. Its services include local telephone, high-speed Internet, and wireless broadband service WiBro.