LH to Establish 'Industry-Academia-Research Innovation Hub' at Hanyang University ERICA Campus

On the 16th, at the main building of Hanyang University ERICA Campus located in Ansan-si, Gyeonggi-do, Byun Chang-hoom, President of LH (right in the photo), Yoon Hwa-seop, Mayor of Ansan, and Kim Woo-seung, President of Hanyang University (left in the photo), signed a basic agreement to promote the Campus Innovation Park project and took a commemorative photo. (Photo by LH)

[Asia Economy Reporter Moon Jiwon] Korea Land and Housing Corporation (LH) is creating an innovation space at Hanyang University ERICA Campus located in Ansan, Gyeonggi Province.

On the 16th, LH announced that it signed a basic agreement for the 'Campus Innovation Park Project' with Ansan City and Hanyang University at the main building of Hanyang University ERICA Campus.

The Campus Innovation Park project designates idle land within university campuses as urban high-tech industrial complexes and develops various corporate facilities and startup support facilities to foster universities as hubs of innovative growth.

The Hanyang University ERICA Campus Innovation Park will be developed on a total area of 78,000㎡. To activate the complex early, LH plans to first construct an industry-academia-research innovation hub building with a total floor area of 22,300㎡ and offer it to startup and growth companies at affordable rents.

For this, LH will initially invest about 50 billion KRW in project costs to handle complex development and construction, Ansan City will be responsible for permits and project funding support, and Hanyang University will provide the land. The leading project for the Campus Innovation Park is currently undergoing consultations for industrial complex plan approval, with construction scheduled to start by the end of this year and company move-ins beginning at the end of 2022.

Earlier, in August last year, the government selected Kangwon National University, Hannam University, and Hanyang University ERICA as leading project sites. LH, with expertise in industrial complex development, is participating as the overall project manager and signed agreements with Kangwon National University and Hannam University last August. The government expects that if the Campus Innovation Park is successfully established, it will become a world-class industry-academia-research success case like the Massachusetts Institute of Technology (MIT) Kendall Square and Stanford Research Park.

Byun Changhoom, President of LH, said, "The Campus Innovation Park is expected to become an innovation hub where young people can find good jobs nearby, and companies can more easily acquire excellent talent," adding, "We will cooperate with related organizations to further develop the Campus Innovation Park."

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