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Economy of Daegu

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class="apple-converted-space"> grown around the city is renowned around Korea. Many companies such as Daegu Bank, Korea Delphi, Hwasung corp., and TaeguTec are situated in this city, and Samsung and Kolon were founded here. Numerous factories are located in the industrial complexes situated in the west and north sides of the city including the Seongseo Industrial Complex, West Daegu Industrial Complex and the Daegu Dyeing Industrial Complex.

The city is the economic and industrial core of the Daegu-Gyeongbuk region, one of the major industrial areas in Korea. It accounted for as much as 94 percent of Korea's trade surplus in 2006. The electronics industries in Gumi and the steel industries in Pohang provided great services to that surplus. World-leading manufacturing facilities for Any call (Samsung Mobile) and POSCO's main factories are located near the city. Daegu and its neighbouring cities were designated for the

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