Zhejiang Wenling Wenqiang electronic technology Co.,Ltd is the first joint venture company of China-Korea in Wenling Province that was supported by the local government.
In August 2006, the visits to Korean has been participated by all the leaders, China and South Korea has both achieved the mutual agreement, and established the friendship between the two cities, also working together in both comprehensive economics and trade parts. Through the negotiations for one year, the company has finally obtains the agreement that from: Korea side: IPSM TECH Corporation (accounts for 30% stock), China: Natural person Chen Peilin (accounts for 50% stock) and Zhejiang dongpu Agricultural development Co., Ltd. Tripartite (accounts for 20%stock) to invest together, From July,2007, Wenling Wenqiang electronic technology co, ltd is established. Korea side provides the High Tech products.