Gwanggyo Techno Valley Emerges as Strong Candidate for Advanced Medical Complex

Gwanggyo Techno Valley is emerging as a major candidate site for a large-scale advanced medical complex.

On the 29th, Gyeonggi Province announced that it held an expert forum and launched a full-scale bid to attract the advanced medical complex, a large government project, to Gwanggyo Techno Valley.

As the medical industry has emerged as a core Post-IT industry, the government plans to establish an R&D-focused; advanced medical complex with a systematic support system, targeting the development of cutting-edge products such as new drugs on a global scale within the next 10 years to secure market share in competition with advanced nations, China, India, and others.

The advanced medical complex is a large-scale project covering 1 million square meters with 1.3 trillion won to be invested over the next 10 years. The government plans to complete the enactment of special legislation currently pending in the National Assembly by the first half of the year and select the final location by the second half after receiving basic data from local governments.

Gwanggyo Techno Valley, which Gyeonggi Province is considering as a candidate site, has been noted in government-led expert meetings as having optimal location conditions with superior infrastructure and ease of securing specialized personnel. Accordingly, if Gyeonggi Province enters the bidding competition, Gwanggyo Techno Valley is expected to emerge as a leading candidate.

Gwanggyo Techno Valley will complete its Phase 1 development with the opening of the Next-Generation Convergence Technology Research Institute in March.

In addition to Gwanggyo Techno Valley, Gyeonggi Province plans to comprehensively review location conditions for Gwacheon's Knowledge Information Town, Seongnam's industrial complex, Goyang's Dongguk University Hospital area, and Hwaseong's Hyungnam Pharmaceutical Complex, and make active recommendations to the government.

Gyeonggi Province held a forum on the 29th to gather expert opinions and plans to establish a comprehensive attraction strategy, including forming an "attraction promotion committee" and conducting research projects in line with the passage of the special legislation bill currently pending in the National Assembly's Government Administration Committee, thereby developing multifaceted attraction activities.