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December 2004 Volume 1, Issue 14 This issue home | Action home | Chamber home Richardson Explores Partnership Possibilities With South Korean City Attracted to Richardson because of the worldwide reputation of the Telecom Corridor® area, officials from Gwangju attended the Richardson Chamber of Commerce's annual Business & Industry Appreciation Luncheon, visited The University of Texas at Dallas (UTD) and Texas Instruments, and hosted a Gwangju Investment Road Show and luncheon at the Renaissance Hotel in Richardson. Richardson Mayor Gary Slagel also met for preliminary discussions with his counterpart, Gwang Tae Park, mayor of Gwangju Metropolitan City, at the headquarters of a Richardson company, Texas Prototypes, Inc. The Gwangju mayor and other members of his delegation delivered overview presentations on the development of a photonics cluster in Gwangju, South Korea, that includes companies, photonics R&D centers, academic institutes, industry supporting organizations, as well as significant investment by local and central governments of Korea. More than $700 million is being invested toward the goal of Gwangju Metropolitan City becoming one of the top five photonics clusters in the world by 2010. Meanwhile, Texas Prototypes is a small contract electronics manufacturing (CEM) company which specializes in quick-turn prototype production (short-run fabrication of prototype electronic circuit boards to be used in innovative new cellphones, telecommunications switching systems as well as other consumer and commercial electronic products). Working with design and engineering staff of their customers, TXP produces the prototypes and creates specific process guidelines for the manufacturing plants that will eventually fabricate and assemble the products in high volume. To meet the increasing demand of its U.S. customers, Texas Prototypes will soon be almost doubling the size of its Richardson manufacturing facilities from 14,000 to 27,000 square feet. To develop global customers and markets in Asia and Europe, Texas Prototypes will soon open an operation in Gwangju City. A linkage between the Telecom Corridor® area in North Texas and this advanced tech cluster in South Korea could be a natural partnership since advanced optical communications components are needed for the high-capacity broadband and Internet networks developed and marketed by companies here, Slagel said. Like Texas Prototypes, other Richardson and Metroplex companies may be interested in pursuing business and investment opportunities in Gwangju and other locations in Asia. As part of our business-friendly environment, we are here to support their development and growth through our agreements and connections with other tech regions around the world, he added. |
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The mayor of the City of Richardson welcomed officials from Gwangju, called the City of Light, a major metropolitan district in South Korea, to the Telecom Corridor® area on Nov. 5, and engaged in introductory discussions about possible economic opportunities that might benefit both regions.