The purpose of this study is to analyze the locational factors and comparative advantages for the venture firms in Kyongsan City and Chilgok County (Kyong-Buk Province). These factors include : research and development, high quality human resources, ...
The purpose of this study is to analyze the locational factors and comparative advantages for the venture firms in Kyongsan City and Chilgok County (Kyong-Buk Province). These factors include : research and development, high quality human resources, financial capital, concerned industry cluster, transportation systems, urban functions, sustainability and convenience. The results showed that both locations are good, but Kyongsan City is superior, especially for research and development and high quality human resources. Therefore, Kyongsan City is the most suitable location for a venture firm complex. So in order to develop venture industries Kyongsan City should establish a new venture industrial district.