Gangwon National University Designated as Urban High-Tech Industrial Complex... Establishing a Hub for Big Data Industry

Perspective view of Gangwon National University Campus Innovation Park 'Industry-Academia-Research Innovation Hub' (Photo by Ministry of Land, Infrastructure and Transport)

[Asia Economy Reporter Moon Jiwon] The Ministry of Land, Infrastructure and Transport, the Ministry of Education, and the Ministry of SMEs and Startups announced on the 3rd that on December 31 last year, a portion of the campus area at Kangwon National University was designated as an urban high-tech industrial complex.

The three ministries, including the Ministry of Land, are promoting the "Campus Innovation Park" project, which develops idle university land into high-tech industrial complexes to foster innovation growth hubs.

Last year, Hannam University, Hanyang University ERICA Campus, and Kangwon National University were selected as pilot project areas. Hannam University and Hanyang University ERICA Campus were designated as urban high-tech industrial complexes in October last year, and with Kangwon National University completing the designation process this time, all three pilot project sites can now fully proceed with their projects.

The Kangwon National University Campus Innovation Park project is being carried out on a 66,500㎡ site within the university, with the university and Korea Land and Housing Corporation (LH) participating as joint project implementers. With this urban high-tech industrial complex designation, the existing natural green area (floor area ratio 100%) has been entirely changed to a semi-industrial area (floor area ratio 400%), allowing up to four times higher density utilization.

The "Industry-Academia-Research Innovation Hub," a corporate rental space constructed with national subsidies, will be developed with a total floor area of 22,300㎡. It is being promoted with the goal of company occupancy by 2023 and will be used as a space for work and inter-company exchange.

Kangwon National University plans to attract about 300 companies in fields such as bio and digital healthcare utilizing big data and create over 1,500 jobs, establishing itself as an intermediate hub for the big data industry.

The government plans to continue expanding the project by selecting two additional new projects in the first half of this year so that the achievements of the pilot projects can spread throughout various regions.

A government official stated, "All three pilot projects of the Campus Innovation Park, promoted by pooling government-wide capabilities, are expected to contribute to national balanced development and regional vitality," adding, "We will expand new projects to further spread these achievements."

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