Seongnam City Promotes 'Pangyo Game and Content Culture Special Zone'

[Asia Economy (Seongnam) = Reporter Lee Young-gyu] Seongnam City in Gyeonggi Province is promoting the creation of the 'Pangyo Game and Content Culture Special Zone.'

On the 19th, Seongnam City announced that it held the 'Pangyo Area Game and Content Culture Special Zone Basic Plan Establishment and Designation Implementation Plan Service Kick-off Meeting' attended by Eun Soo-mi, Mayor of Seongnam, and others.

The Korea Institute for Industrial Economics and Trade, commissioned by Seongnam City, will prepare basic survey data on game and content companies, current status analysis data, specialized project analysis and plans, the scope and operation plan of the special zone including Pangyo 1st and 2nd Techno Valleys, and more.

The city plans to submit an application for designation of the special zone to the Ministry of SMEs and Startups based on the interim service results expected in September.

If the Pangyo area is designated as a special zone within this year as planned, benefits such as extension of foreign employees' stay period and simplification of visa issuance procedures related to the promotion projects will be provided, making it easier to secure excellent talent.

It also expects deregulation on road occupancy and outdoor advertising during game-related festivals or events. In particular, together with the e-sports stadium to be built in Sampyeong-dong by the end of 2023, it is anticipated to rise as a game mecca, significantly contributing to the increase of domestic and international visitors and revitalization of the local economy.

To enhance synergy effects, the city will invest 1.9 billion KRW to create the 'Pangyo Content Street' along a 750m section of the central passage of Pangyo 1st Techno Valley (from Samhwan Hipex to Nexon) by November, featuring sculptures, specialized lighting, and experience facilities.

Jeon Dong-eok, the city's Asia Silicon Valley Officer, explained, "The designation of the Pangyo Game and Content Culture Special Zone and the creation of the Content Street are part of the Asia Silicon Valley Seongnam Project."

This content was produced with the assistance of AI translation services.