Suwon City Approves 'Topdong Innovation Valley Land Supply Plan'

[Suwon Ilbo=Reporter Jeong Jun-seong] Suwon Special City has approved the 'Topdong Innovation Valley Land Supply Plan'.

The city approved the modified implementation plan submitted by Suwon Urban Development Corporation on June 30, and announced on July 2 that it approved the supply plan on July 1 for swift land sales.

Suwon Urban Development Corporation modified its implementation plan to include designation of a special planning zone to induce development aligned with the objectives of Topdong District development.

The Topdong Innovation Valley development project aims to create a complex business district centered on R&D; (research & development) and advanced enterprises on approximately 260,000㎡ of land in the Topdong area. It is expected to foster an industrial hub within the western Suwon region to secure self-sufficient functions, create employment, and revitalize the local economy.

Topdong Innovation Valley consists of 3 advanced business zones (105,000㎡) and 8 mixed-use business zones (64,000㎡).

The advanced business zones, for which recruitment begins July 4, can accommodate knowledge industry centers, venture enterprise complexes, software promotion facilities, and others. Plans are underway to create diverse mixed-use spaces. The city plans to gather private sector creative and excellent designs to develop it into a competitive business hub.

Land recruitment announcements can be found on the Suwon Urban Development Corporation website (www.suwonudc.co.kr), and competitive bidding can be accessed through the Korea Asset Management Corporation Electronic Asset Disposal System (Onbid).

Topdong Innovation Valley is a key area of western Suwon with excellent transportation accessibility. It takes less than an hour to reach Gimpo and Incheon airports, and is close to ports in the southern Gyeonggi region including Pyeongtaek Port, providing excellent logistics competitiveness. It is well-equipped with wide-area railway networks including KTX, GTX-C line, Shinbundang Line, Suin-Bundang Line, and National Railroad Line 1, as well as land transportation networks including Yeongdong Expressway, Gwacheon-Uiwang Expressway, and Pyeongtaek-Paju Expressway.

Suwon Mayor Lee Jae-jun stated, "Topdong Innovation Valley is the core axis of the 'Korean Silicon Valley' that Suwon City will develop," and added, "Using Topdong Innovation Valley as a springboard, I will make Suwon a leading advanced science research city and a city overflowing with quality jobs across the nation."

For inquiries regarding land recruitment: 031-369-2933, Suwon Urban Development Corporation Urban Development Division