|
|
Article: KOREA'S DANAM GROUP OPENS COMPUTER HARDWARE PLANT IN PHILIPPINES.
- Article from:
- AsiaPulse News
- Article date:
- November 10, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
MANILA, Nov 10 Asia Pulse - A group of South Korean investors has set up a computer hardware plant at the Laguna Industrial and Technology (LIT) Zone in Calamba City, Laguna.
The Danam Group of South Korea said an optical disk drive plant, which is now operational at the economic zone, is its third manufacturing plant in the area.
The new company, Danam Electronic Laguna, Inc. put up P23.33 million paid-up capital. Five other individuals -- three Korean, an American and a Filipino-- each bought two shares.
Danam Electronic was granted an income tax holiday for four years by the Philippine Economic Zone ...