29 Local Industrial Complexes to Be Developed in Gyeonggi Province by 2007

By 2007, a total of 29 local industrial complexes with a combined area of 5.04 million pyeong will be newly developed throughout Gyeonggi Province.

Upon completion of these industrial complexes, the number of industrial complexes in the province will increase from the current 45 complexes spanning 15.29 million pyeong to 74 complexes spanning 20.33 million pyeong.

According to the province on the 18th, currently 9 industrial complexes (2.23 million pyeong) are under construction in the province, 11 industrial complexes (1.70 million pyeong) are scheduled to break ground as early as this year, and 9 industrial complexes (1.11 million pyeong) are undergoing administrative procedures to be designated as industrial complexes.

Among the 9 industrial complexes under construction, 5 complexes are expected to be completed by the end of this year: Pyeongtaek Hyungok (220,000 pyeong), Hwaseong Balan (560,000 pyeong), Hwaseong Mado (290,000 pyeong), Paju Osan (70,000 pyeong), and Anseong Yongwon (20,000 pyeong).

The remaining 3 industrial complexes—Suwon Suwon (90,000 pyeong), Hwaseong Jangan 1 (180,000 pyeong), and Hwaseong Hwaseong (300,000 pyeong)—are scheduled for completion in the first half of next year at the earliest, while the Paju LCD Industrial Complex (510,000 pyeong) will be completed by 2007.

The 11 industrial complexes of Bucheon Ojeong (90,000 pyeong), Pyeongtaek Jinwi (40,000 pyeong), Namyangju Geumgok (40,000 pyeong), Hwaseong Hwanan (60,000 pyeong), Paju Dangdong (190,000 pyeong) and Seonyou (400,000 pyeong), Gimpo Yangchon (510,000 pyeong), Anseong Songjeong (40,000 pyeong) and Mungeung (80,000 pyeong), Yangju Guam (10,000 pyeong), and Osan Gajang (130,000 pyeong) are currently undergoing procedures for approval of implementation plans and groundbreaking, with full-scale development expected to commence as early as this year.

Additionally, the 9 industrial complexes of Pyeongtaek Oseong (400,000 pyeong), Hwaseong Jangan 2 (190,000 pyeong), Namyangju Palya (80,000 pyeong) and Yeonpyeong (60,000 pyeong), Gimpo Daegot (100,000 pyeong), Yangju Namyeop (90,000 pyeong), Dongducheon Dongducheon 2 (60,000 pyeong), Yeoncheon Hwangji (120,000 pyeong), and Yeoju Gangcheon (20,000 pyeong) are in the process of designation as industrial complexes.

The province expects that the industrial complexes undergoing implementation plan approval procedures or scheduled for designation will all be completed by the end of 2007 at the earliest.

Notably, the province plans to develop 3 industrial complexes—the Paju LCD Industrial Complex and the Dangdong and Seonyou complexes—as an LCD cluster, and plans to develop 4 industrial complexes—Pyeongtaek Hyungok and Oseong, Hwaseong Jangan 1 and 2—as exclusive complexes for attracting foreign advanced enterprises.

Additionally, the province plans to develop 9 industrial complexes with specialized industries at their core: Hwaseong Hwaseong and Pyeongtaek Jinwi for electronics, Yangju Namyeop and Yangju Guam for textiles, Gimpo Daegot for aerospace materials and parts, and precision machinery and other mechatronics industries.

Through this expansion of industrial complexes, the province plans to attract advanced domestic and foreign enterprises and revitalize the regional economy, while actively supporting installation costs for public facilities such as roads, green spaces, and water supply facilities within each industrial complex.

The province also plans to expand childcare facilities and will support commuter bus services for workers in the Banwol and Sihwa National Industrial Complexes.

A provincial official stated, "No matter how good a company wants to relocate to our province, without industrial land like industrial complexes, it is like a picture of a cake," adding "The province plans to actively develop industrial complexes in the future to revitalize the regional economy."