Korea-Style Silicon Valley to Be Developed in Suwon

The Open Our Party on the 10th formulated a 'New Metropolitan Seoul Area Development Plan' with differentiated industrial clusters to be nurtured by region in the capital area, planning to announce it in conjunction with an alternative for the new administrative capital around January of next year.

The Open Our Party held a countermeasure meeting at the National Assembly Members' Hall with attendance from Kim Jin-pyo (金振杓), chairman of the Subcommittee on Metropolitan Development under the Special Committee on the Administrative Capital; committee members Shim Jae-deok (沈載德), Jang Kyung-soo (張炅秀), and Woo Je-hang (禹濟恒); and other metropolitan area legislators. Through this meeting, the party consolidated its position.

In the case of Gyeonggi Province, taking into account transportation networks and characteristics by city, a provisional plan has been established to nurture industrial clusters in digital electronics, biotechnology, and port logistics across seven sub-regions: the northwest (Goyang, Paju, Gimpo), west (Bucheon, Ansan, Siheung, Gwangmyeong), and south (Suwon, Yongin, Osan, Hwaseong, Pyeongtaek, Anseong).

In particular, for southern Gyeonggi Province, an advanced knowledge industry complex will be established based on Samsung Electronics, and to this end, a blueprint has been prepared to nurture 1.1 million pyeong in the Tae-an and Dongtan areas of Suwon and Hwaseong cities and surrounding areas of Yongin and Giheung as a digital electronics cluster.

Our party has also established a policy to relocate the Suwon Air Force Base within the next 20 years and develop a 3.8 million pyeong-scale Korea-style Silicon Valley connecting Suwon city's research and development (R&D) center, Samsung Electronics complex, and the former airfield site (2.7 million pyeong).

According to the metropolitan area development plan currently being conceived by our party, Seoul will have differentiated industrial clusters by region such as Cheonggyecheon, Guro, Eulji-ro, Dongdaemun, Hongneung, Teheran-ro, and Yeouido, while Incheon will focus on revitalizing the Namdong Industrial Complex and maximizing the ripple effects of the economic free zone, as well as forming a Northeast Asian logistics hub city.

Our party will establish a task force composed of private sector experts from each metropolitan area by the end of December this year to concretely finalize the metropolitan area development plan, and will prepare a 'New Metropolitan Area Development Plan' around January next year, planning to announce it in conjunction with the alternative for the new administrative capital.

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