Daegu City Attracts 144 Companies to 첨복단지 and Medical Special Zone... 17 Companies Exceed Annual Sales of 10 Billion Won

130 Companies Completed Move-In with an Average Annual Employment Growth Rate of 27%

Performance of tenant companies in the 첨복 Complex. From the left: number of attracted companies, sales revenue, number of employees.

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongwook Park] Since the Daegu-Gyeongbuk Advanced Medical Complex (hereinafter referred to as the Complex) and the Daegu Research and Development Special Zone Medical R&D District began full-scale operation in 2014, six years have passed, and it has been identified that out of 144 medical companies wishing to move in, 130 companies have settled here.

According to an analysis by Daegu City of the 130 companies that completed moving into the Complex, the number of employees increased 2.6 times from 1,041 in 2015 to 2,719 in 2019 (an increase of 1,678 employees).

Among them, 61 companies (accounting for 46.9% of the companies that completed moving in) relocated from outside the region, employing 993 people, which accounts for 36.5% of the total employment. The top five companies with the highest average annual employment growth rate among the 130 companies are Bectron Co., Ltd., CSTech Co., Ltd., CM Tech Co., Ltd., Total Softbank Co., Ltd., and CIS Co., Ltd., in that order.

Regarding sales, companies that relocated their headquarters into the Complex (63 companies) recorded an increase of 159 billion KRW from 179.5 billion KRW in 2014 to 338.5 billion KRW in 2019. Among them, 14 companies relocated from outside the region had sales of 103.1 billion KRW, accounting for 30.6% of the total sales (338.5 billion KRW). The top five companies with the highest average annual sales growth rate are Incoa Co., Ltd., CoviBio Co., Ltd., Nanoray Co., Ltd., BioLead Co., Ltd., and Solarite Co., Ltd.

The resident companies can utilize Daegu’s top medical infrastructure nationwide and receive comprehensive support throughout the entire process?from move-in approval and change procedures to product commercialization and overseas expansion?which is believed to have led to research achievements and increased sales.

Surrounding the Complex are five medical schools, two Korean medicine schools, and four pharmacy schools within the Daegu-Gyeongbuk area. Companies moving into the Complex receive various tax benefits, including 100% exemption of corporate and income tax for three years followed by 50% exemption for two years, 85% exemption of acquisition tax, and 85% exemption of property tax for ten years followed by 50% exemption for two years.

Among the companies that have completed moving in, 17 companies headquartered in Daegu have annual sales exceeding 10 billion KRW, including ▲Seshin Precision ▲Korea OSG ▲Riche Bio ▲Solarite ▲Hana IT (IT) ▲Han Sung S&I ▲Hani ▲Space ▲Daeil Industry ▲Allso Tech ▲Woosung TOT ▲Okcheondang ▲3H ▲Human Hub ▲Myungseong ▲Dentis ▲CIS.

Baek Dong-hyun, Director of Innovation Growth at Daegu City, stated, "We will create a virtuous cycle medical industry ecosystem where companies in the Complex can continuously grow, invigorating the regional economy and leading job creation," and added, "We will gather all our capabilities to promote Daegu’s leap as a global hub for advanced medical industries."

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