Gyeonggi Province to Attract Advanced Science-Focused University to Third Pangyo Tech Valley...Target Opening in 2030

[Suwon Ilbo=Reporter Kim Gap-dong] A university centered on advanced academics such as semiconductors, artificial intelligence (AI), and robotics is expected to be established in the Third Pangyo Tech Valley by 2030.

Gyeonggi Province and Gyeonggi Housing & Urban Development Corporation (GH) held a 'Third Pangyo Techno Valley Advanced Field University Recruitment Briefing' at the Pangyo Global Biz Center on the 7th and shared this information.

The Third Pangyo Techno Valley is a public-private integrated knowledge industry center to be developed on a 73,000㎡ site within the 'Seongnam Geumto Public Housing District' with a total floor area of 500,000㎡, using 1.7 trillion won in project costs, and is scheduled to begin construction next year.

Gyeonggi Province Governor Kim Dong-yeon presented the 'blueprint for the Third Pangyo Techno Valley' in January as 'work (職), residence (住), leisure (樂), learning (學)—a place where you can work, enjoy, and learn where you live' and a 'startup paradise,' and announced plans to attract advanced academic departments from domestic and international universities for stable talent acquisition and enhanced specialization.

The sales target is 33,000㎡ (including underground levels) within the Seongnam Geumto Public Housing District, and only schools among universities located in the Seoul Metropolitan Area's congestion-restricted zone that have plans to relocate departments related to advanced industries such as semiconductors, robotics, artificial intelligence, gaming, and information and communications technology (ICT) can apply.

The Seongnam Geumto Public Housing District is designated as a congestion-restricted zone under the Seoul Metropolitan Area Readjustment Planning Act, and universities in the zone can be located only when they obtain approval from the Seoul Metropolitan Area Coordination Commission.

Accordingly, the briefing session was attended by 12 universities including Konkuk University, Kyung Hee University, Korea University, Kwangwoon University, Sangmyung University, Sogang University, Sungkyunkwan University, Sejong University, Soongsil University, Ajou University, Hankuk University of Foreign Studies, and Hansung University.

The province is considering the relocation of relevant departments for the 'Pangyo Fabless (semiconductor manufacturing design and development specialized company) Integrated Complex' being jointly promoted with the Ministry of Trade, Industry and Energy.

Previously, the province announced on July 17 that it would supply self-sufficient facilities land to attract leading companies (anchor enterprises) in advanced industries such as system semiconductors and artificial intelligence (AI) to the Third Pangyo Techno Valley, and would conduct related public solicitations.

The province plans to conduct public solicitations for the selection of priority negotiating universities and leading companies in August and September, with selections to be made by November at the latest.

If selected as a priority negotiation target university, the university will establish a relocation and establishment plan and begin procedures for approval from the Ministry of Education. University relocation plan approval is expected to be possible by late next year at the earliest. Once the university relocation plan is approved, a school building sales contract will be signed between Gyeonggi Housing & Urban Development Corporation and the university, and Gyeonggi Housing & Urban Development Corporation will directly construct and supply to the school by 2029. The province aims to open in 2030 and establish a learning center for approximately 1,000 university students and graduate students.

Park Hyun-seok, head of the province's Urban Policy Division, said, "We expect it to be developed into a genuine global convergence cluster by introducing universities as a leading force, leading companies, research institutes, mid-sized enterprises, and startup cultivation and support measures," and "Following the Third Pangyo, we will transplant it to the third new cities and Gyeonggi-Techno Valley to make Gyeonggi Province the capital of advanced industries."