Expansion of Jeonbuk R&D Special Zone... Creation of Daejeon Science Street

[Asia Economy Reporter Hwang Junho] The Jeonbuk Research and Development Special Zone is being expanded. A 1.5km-long science and culture street will be created in Daejeon, and a renovation plan for the Daedeok Research and Development Special Zone will be established. The Ministry of Science and ICT held the 32nd Research and Development Special Zone Committee meeting to discuss five agenda items, including the customized technology commercialization promotion strategy for small but strong special zones and the designation of the Jeonbuk Research and Development Special Zone.

First, the government prepared an implementation plan to invest the expanded budget for the Research and Development Special Zone Promotion Project, which increased by 57.3% from last year to 115.4 billion KRW. Through this, the government plans to strengthen the technology commercialization platform that leads to the transfer, commercialization, and overseas expansion of public technologies. This will enable the government to establish a region-led innovation ecosystem. A new project called 'technology commercialization to solve regional issues' will be promoted through R&BD projects planned and executed directly by the regions. The government will also focus on the growth of research institute companies, which are the representative innovation model of the special zones.

Additionally, through this discussion, the government decided to expand the Jeonbuk Research and Development Special Zone. It incorporated the 'Jeonju Agricultural Life Material Research Institute' and 'Jeonju Advanced Venture Complex,' which are close to the Jeonbuk Bioindustry Promotion Agency and the Agricultural Technology Center, laying the foundation to become a specialized R&D cluster in the Honam region. Furthermore, the boundaries of the existing special zone areas, such as the 'Jeonbuk Bioindustry Promotion Agency' and the 'Jeonju Agricultural Technology Center,' were readjusted to reflect the current situation due to some discrepancies caused by institutional expansions.

The government will create a themed street that combines science and culture in the Daedeok Special Zone by the first half of next year. 'Daedeok Science and Culture Street' will be developed along approximately a 1.5km section of Daedeok-daero, where the National Science Museum is currently located.

The government will also begin the 'Daedeok Special Zone Renovation' project to revitalize the Daedeok Research and Development Special Zone, which is celebrating its 50th anniversary in 2023. Under the vision of becoming a 'global innovation platform leading the 4th Industrial Revolution,' a detailed master plan will be established within this year.

In addition, the government will implement customized support strategies for six small but strong research and development special zones. The Gimhae, Jinju, and Pohang small but strong special zones will operate as small but strong zones based on a win-win cooperation foundation through collaboration with local private demand sources (such as large corporations). The Changwon, Ansan, and Cheongju small but strong special zones have set a policy to achieve qualitative advancement of R&BD by linking local technology commercialization support institutions at all stages of technology commercialization.

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