Research on the Direction of Economic Development in Shandong

Shandong province and South Korea have close economic relationship. South Korea is the first major importer of goods and the second largest foreign direct investment in Shandong Province. Shandong province is the main trading area and tourist destination of South Korea. So the economic development of Shandong Province is of great importance on the foreign trade and economic development to both. This paper studies the present situation of the industry of Shandong province and compares it with several developed provinces in China, to find the characteristics and the future direction of the economic development of Shandong, which will provide a reference for future trade between South Korea and Shandong province.