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Gwanggyo Techno Valley Reveals Its Potential

Currently 80% complete with completion set for next year ... emerging as Asia's leading advanced technology belt

Gyeonggi Province is bringing to completion the Gwanggyo Techno Valley, which will provide the foundation to leap Gwanggyo New City into a nexus of cutting-edge knowledge industries in the 21st century and establish an industrial-academic-research cluster where universities, private enterprises, and support institutions collaborate and provide 24-hour backing. Completion is now within sight.

With over 80% progress underway and completion expected next year, the Gwanggyo Techno Valley is drawing keen anticipation over what synergy effects it will bring upon completion.

Linked with the Pangyo IT Business District, Bundang, Samsung Electronics Complex, and universities including Ajou University and Kyung Hee University, the Gwanggyo Techno Valley will serve as the core of Asia's most advanced technology belt. Once a 230,000-pyeong advanced R&D; complex is established, it is expected to play a pivotal role in cutting-edge industries—BT, NT, IT, and others—that will lead South Korea's future.

Gwanggyo Techno Valley is a project in which Gyeonggi Province has invested a total of approximately 5.7 trillion won over an area of approximately 230,000 pyeong in the Yi-ui-dong area of Yeongdeungpo-gu, Suwon, from 2004 through next year, developing the complex with facilities including the Small and Medium Business Comprehensive Center (30,000 pyeong), Nano Device Specialized Fab Center (10,000 pyeong), Bio-organ Center (5,000 pyeong), Gyeonggi Bio Center (10,000 pyeong), and Next-Generation Convergence Technology Institute (30,000 pyeong).

Gwanggyo Techno Valley is positioned near Sungkyunkwan University, Ajou University, and Kyung Hee University, which serve as infrastructure for research personnel development and workforce training, with a support system from the central government, Gyeonggi Province, enterprises, and universities. This enables strategic R&D; support through selective concentration, and the complex is expected to function as a center for securing and developing foundational core technologies and business-focused research.

A Gyeonggi Province official stated, "Following the completion of the Nano Device Specialized Fab Center in April last year, the Gyeonggi Bio Center is scheduled to be completed in February this year, and the R&DB; Center in April," adding, "Once all Gwanggyo Techno Valley facilities are completed, they will lead advanced science and technology."

◇ Next-Generation Convergence Technology Research Institute

The Next-Generation Convergence Technology Research Institute, scheduled for completion in February next year, currently shows 30% progress. Gyeonggi Province is constructing it with a total project cost of 99 billion won at a scale of 17,712 pyeong in gross floor area, two underground levels, and 16 above-ground floors, aimed at fostering advanced industry workforce that is difficult to develop through existing educational systems.

Seoul National University is expected to manage operations, with expected tenant companies including Samsung Advanced Technology Institute, Viromed, and the Automotive Parts Research Institute.

Seven research institutes will operate across convergence technology fields: nano, bio, next-generation automotive, human tech, digital content, environment, and ubiquitous computing. Seoul National University faculty and research personnel can be utilized, and collaboration with the Nano Device Fab Center and Bio Center is possible.

◇ Nano Device Specialized Fab Center

The Nano Device Specialized Fab Center, which Gyeonggi Province constructed with a total project cost of 198 billion won at a scale of 15,170 pyeong in gross floor area, two underground levels, and 16 above-ground floors, was completed in April last year.

Its business purpose is to provide nano-technology services including product manufacturing through industry-academic-research collaborative nano-technology R&D;, specialized workforce training, and startup support.

The specialized fields are the establishment of non-silicon-based nano device R&D; foundations centered on compound materials and provision of nano-technology services. Companies such as KIST, PSIA, Samsung Corning, and Itzwell are tenants.

The Nano Device Specialized Fab Center (Foundation) manages operations and has built a nano-technology R&D; network with Seoul National University, Hanyang University, Sungkyunkwan University, Ajou University, KIST, and others, fostering hands-on nano-technology workforce based on cutting-edge equipment.

◇ Gyeonggi Bio Research Center

The Gyeonggi Bio Research Center, currently showing 98% progress, is scheduled for completion in February.

The center, which Gyeonggi Province is constructing with a project cost of 64.6 billion won at a scale of 9,687 pyeong in gross floor area, two underground levels, and 15 above-ground floors, will establish a bio-industry research facility cluster and technology innovation foundation, emerging as a hub for domestic and international bio-industry networks. It will establish an industry-academic-research collaborative research and development foundation for the bio-industry and support new drug development and commercialization.

Specialized university research centers including Gyeonggi Pharmaceutical Research Center (Sungkyunkwan University), Cellular Medicine Center (Ajou University), and Bio-New Material Industrial Technology Center (Kyung Hee University) are expected to be tenants.

◇ Gyeonggi Small and Medium Business Comprehensive Center

The Gyeonggi Small and Medium Business Comprehensive Center was constructed at a scale of 14,717 pyeong in gross floor area, three underground levels, and 16 above-ground floors. It was completed in September 2001 and serves as a comprehensive support center for small and medium enterprises located in Gyeonggi Province.

Companies such as Korea Air Products and Dong-A ENG and related institutions including the Korea Trade Association, Korea Trade-Investment Promotion Agency, and Korea Occupational Safety and Health Agency are tenants.
It comprehensively supports business, marketing, and other management aspects for enterprises while implementing Gyeonggi Province's industrial and science and technology policies.

◇ R&DB; Center

The R&DB; Center is scheduled for completion in April this year. Gyeonggi Province is constructing it with a project cost of 47.8 billion won at a scale of 9,727 pyeong in gross floor area, two underground levels, and 7 above-ground floors, to establish an R&D; hub and attract cutting-edge research institutes to serve as an engine for technology innovation and transfer.

It will support overseas expansion using the overseas trade and marketing channels of the Gyeonggi Small and Medium Business Comprehensive Support Center and plans to support technology transfer and technology development funding through state-of-the-art information and communications infrastructure and seminars and forums. Samsung Thales, Samsung Electronics, and IGSystems are expected to be tenants.

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