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Innovative Growth R&D Special Zone
Date
2025.12.18
Views
11
Innovative Growth R&D Special Zone
- Project Period: March 10, 2021-March 9, 2026.
- Project Content : Support for technology commercialization through the discovery, investment, and transfer of public technologies, linking with demand-driven companies, as well as supporting startups and investment connections for the establishment of research institute-based companies and advanced technology companies.
- Designation status(Date of Designation : August 28, 2020)
- Location/Area : Eonyang-eup, Ulju-gun / 3.01㎢(910,000 pyeong)
- Specialized area : Future-oriented batteries (advanced battery core materials, lightweight materials, and smart components)
| Key institutions | Hinterland | ||
|---|---|---|---|
| District | R&D Promotion District (UNIST) | Transfer Commercialization District (Bancheon General Industrial Complex) | Startup District (High-Tech Valley Industrial Complex) |
| Location | Banyeon-ri, Eonyang-eup | Bancheon-ri, Eonyang-eup | Gacheon-ri, Samnam-eup |
| Area | 1.02k㎡ | 1.23k㎡ | 0.76k㎡ |
| Function | R&D | R&D Demonstration, manufacturing, and production | |
Layout
Main Incentives
To promote the dissemination of public technology outcomes and foster the growth of businesses, the following tax benefit, administrative and financial supports are provided to the region:
| Content | |
|---|---|
| Tax Benefits | ▸ Tax reductions for research institutes, advanced technology companies, foreign-invested companies, and foreign research institutions. - [National Tax] 100% corporate tax reduction for 3 years, followed by a 50% reduction for 2 years. - [Local Tax (City Tax)] Exemption from acquisition tax. -[Local Tax (County Tax)] 100% reduction in property tax for up to 7 years, followed by a 50% reduction for 3 years. |
| Financial Support | ▸Budget support through the Research and Development Special Zone Promotion Program. * ‘2024 national budget: 22.4 billion KRW (1.6 billion KRW per special zone). ▸Establishment of a research and development special zone fund to focus investment within the special zones. * ’As of 2023, approximately 170 billion KRW is being managed in the special zone fund. |
| Regulatory Exceptions | ▸Provision of regulatory exceptions for the demonstration of new technologies in all fields to public research institutions and businesses within the special zones. |