Issues and development plan for Korea Water Cluster

Abstract

The Korean Ministry of Environment and Daegu Metropolitan City are establishing the Korea Water Cluster, which will focus on promoting and escalating Korean water industries. The water industry, a future-oriented and promising business sector, is continuously growing each year worldwide, so the project is very timely. In reality, however, challenges still need to be addressed, such as accessibility, logistics systems, social infrastructures, and attracting good companies. For the Korea Water Cluster to be successful, those issues should be solved, but it is difficult to untangle the matters only with efforts of the Korean Ministry of Environment and Daegu Metropolitan City since some issues will require a great deal of both money and time. Therefore, it is important for the Korean federal government to administer support and finances for certain parts of the project, and for the Korean Ministry of Environment and Daegu Metropolitan City to take on other issues to ensure the Korea Water Cluster is successful long-term. The success of the Korea Water Cluster project will result in the Korea Water Cluster becoming a global hub for the future water industries.