When you get to Pan-gyo IC after driving about 20 minutes on Gyungbu Highway, you will definitely encounter a huge variety and abundance of state-of-the-art skyscrapers to the east. This is so-called “Pan-gyo Techno Valley” that Gyeonggi Province is trying to build on the scale of 661,925m2 in Pangyo New Town, Seongnam by investing KRW 5,270.5 billion since 2005.
Two hundred ninety four small and medium-sized businesses in the field of cutting-edge technology are scheduled to move into Pan-gyo Techno Valley. It includes 177 businesses in the IT industry dealing with communications, semiconductors and software development. It also involves 38 businesses in the BT industry which deals with drug development and medical equipment. In addition to that 35 software developers in the game industry will be located there as well.
With Ahnlab at the head of the list, 15 promising domestic corporations such as Institut Pasteur Korea, LIG Nex1, Samsung Techwin, and SK Chemicals have already moved in. Furthermore, buildings of 15 enterprises are now under construction including famous online game companies such as NCsoft, NEXON, NHN Corporation and NEOWIZ. OCON, the producer of popular animation Pororo is situated in Pan-gyo Techno Valley too. New Bundang Line, which transports you from Gangnam to Pan-gyo in only 14 minutes, has been in service since last October, which provides a great accessibility by the public transit. Once all the businesses are settled by 2015, the place will be the biggest cutting-edge global R&D complex in Korea where about 80,000 employees will be working.
For full article see Korea IT Times.