Invest KOREA

Korea’s Gyeonggi Province will support 29 industrial zones across 10 cities and towns under its jurisdiction to host and promote innovation.

The government of the province near Seoul on Tuesday released an outline to designate a total of 10.2 million square meters as hotbeds for innovation and research.

Gyeonggi Province’s 2018 list of industrial zones include Gwangmyeong-Siheung technology research and development park, Anseong industrial cluster for small and medium-sized enterprises (SMEs), and Gomorier industrial design park.

Gwangmyeong-Siheung technology R&D park is part of Gyeonggi provincial government’s plan to develop a 494,000-square meter land across two towns Gwangmyeong and Siheung, 40 kilometers southwest of Seoul, as an industrial cluster encompassing tech firms, logistics centers and residential houses. The provincial government is leading the project together with Gwangmyeong and Siheung city governments, state-run Korea Land & Housing Corp. (LH), and Gyeonggi Urban Innovation Corp.

Anseong SME industrial park will be established on a total of 707,000-square-meter land in Anseong, about 70 kilometers southeast of Seoul. The industrial park is designed to support SMEs leading various R&D projects as well as providing trainings for employees.

Gomorier industrial design park is a 440,000-square-meter area in Pocheon, about 30 kilometers northeast of Seoul, under development to create a new Korean culture-themed town specializing in textiles and furniture. The provincial government plans to inject 800 billion won ($742.8 million) including private investments and build industrial facilities, exhibition centers, and museum.


Rendered image of Gomorier industrial design park in Pocheon [Image provided by Gyeonggi Province government]

By Hong Jong-sung and Cho Jeehyun

Copyrights Pulse by Maeil Business News Korea. All Rights Reserved.

Source: Pulse by Maeil Business News Korea (Dec. 26, 2017)