Invest KOREA

Daejeon City signed an MOU with six regional IT companies including Hitecom on the relocation and investment into the first-phase industrial facility site in Daedeok Innopolis.
 

Daejeon Mayor Yeom Hong-cheol, CEO Jang Sun-taek of Hitecom, CEO Choi Dong-jin of Dongjin, CEO Yeo Gwan-gu of Soft I Tech, CEO Jeong Hae-yeong of PRZONE, CEO Kim Yeong-ryeol of KSEEK, and CEO Kim Jeong-bin of Raytron signed the MOU.
 

Those companies will move into Jukdong District of Daedeok Innopolis and form ‘IT convergence cluster.’ They plan to utilize the infrastructure of Daedeok Innopolis, push forward joint technology development projects, exchange technologies with universities and research institutes, and hold technology seminars.
 

Daejeon City expects that the companies will contribute to the regional economy and job creation by establishing a center to nurture software professionals, developing programs to foster excellent human resources, and implementing projects to educate and train about 100 talents annually for on-site operation.
 

Raytron, a foreign-invested company which has won an award for achieving export of 10 million last year, plans to invest KRW 12 billion in Sinseong District of Daedeok Innopolis and expand its production facilities for optical semiconductors and LEDs. Other IT companies have recently made investment to expand their facilities in Daedeok Innopolis.
 

An official of Daejeon said “we expect the IT companies will generate synergy effects by moving into the Daedeok Innopolis,” and added “we will spare no support to promote Daedeok Innopolis into the Silicon Valley of Asia.”

Source: Yonhap News (Feb. 10, 2011)