Business people from the Republic of Korea (ROK) have been pouring an increasing amount of investment into Rongcheng, a coastal city on the eastern tip of the Shandong peninsula.

The small city, adjacent to ROK, has now 220 ROK-funded enterprises with a total of 139 million US dollars.

The Pilkor Electronic Cooperation (ROK), for example, invested ten million US dollars recently in Rongcheng to establish an electronic business, with one-third of its products to be sold to the Changhong company, a household electric appliances giant in southwest China's Sichuan Province.

Statistics show that Rongcheng has used nearly 18 million US dollars of ROK funds from January to October this year, up 22 percent on a yearly basis.

The ROK-funded enterprises have become a major foreign currency earner in Rongcheng. According to statistics, the city exported 125 million US dollars of goods in the ten month period. (Xinhua)