Kamco-Changwon City, Development of Corporate Residency and Startup Spaces, National Sports Center

731 Billion KRW Invested in Small and Strong R&D Special Zones
Expected to Boost Local Economy and Improve Resident Benefits

[Asia Economy Reporter Park Sun-mi] Korea Asset Management Corporation (KAMCO) signed a consignment and trust contract worth a total of 73.1 billion KRW for the 'Changwon Small Giant R&D Special Zone Enterprise Occupancy Space' and the 'Yeoja District National Sports Center' development project with Changwon City Hall on the 10th. Attendees included Moon Sung-yu, President of KAMCO, and Heo Seong-mu, Mayor of Changwon.

KAMCO plans to invest 37.7 billion KRW to revitalize the Changwon Small Giant R&D Special Zone by constructing a new building with a total floor area of 14,600㎡, consisting of 10 above-ground floors and 2 basement levels, to provide occupancy space for research institute companies and venture companies as well as startup incubating spaces.

Through this project, KAMCO expects to resolve the shortage of occupancy spaces within the R&D special zone and contribute to regional economic revitalization and new job creation by enabling research institute companies and venture companies to commercialize their research and development achievements and technologies in a stable research environment.

Additionally, KAMCO will invest 35.4 billion KRW in the Yeoja District of Changwon City, currently under urban development, to build a multi-purpose National Sports Center with a total floor area of 8,500㎡, consisting of 5 above-ground floors and 1 basement level. The center will include a swimming pool, gymnasium, fitness center, and indoor rock climbing facilities. The construction of the National Sports Center is a life SOC national subsidy project and will serve as a sports and cultural facility to enhance the convenience of research institute company employees and local residents in the Yeoja District.

Moon Sung-yu, President of KAMCO, stated, "I hope this entrusted development project will contribute not only to the revitalization of the R&D special zone and the improvement of residents' convenience but also to regional economic development." He added, "Going forward, KAMCO will actively support local government development projects such as life SOC complex projects to enhance the social and economic value of public assets."

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