Seongnam City Advances Master Plan Project for Bundang Venture Valley

[Asia Economy (Seongnam) = Reporter Lee Young-gyu] Seongnam City in Gyeonggi Province is promoting a master plan project for Bundang Venture Valley.

Seongnam City announced on the 31st that it held the 'Bundang Venture Valley Master Plan Establishment Project Kick-off Meeting' on the 30th at Hannuri on the 3rd floor of Seongnam City Hall.

This project is being promoted to establish the identity of the Bundang industrial area and prepare for the next 30 years, with a total investment of 187 million KRW by February next year.

The project is being undertaken by Hana Urban Research Institute Architectural Office and Gachon University Industry-Academic Cooperation Foundation.

The main contents of the project include ▲ current status survey of the industrial characteristics and spatial structure of the target area ▲ survey of companies, workers, and demand ▲ specification of spatial scope and presentation of key introduced functions and specialized industries ▲ review of functional connectivity among adjacent development sites such as Baekhyeon MICE (Meetings, Incentives, Conventions, and Exhibitions), Gumi-dong sewage treatment plant, and housing exhibition hall.

The city plans to prepare a future vision that differentiates Bundang Venture Valley from Seongnam's major industrial spaces such as Pangyo Techno Valley and Seongnam High-Tech Valley through this project.

Once the project results are out, the city will establish a development plan for Bundang Venture Valley and enter into practical consultations with related departments to promote the project.

A city official explained, "The Bundang industrial area is home to numerous leading advanced companies based on convenient transportation, proximity to Seoul, pleasant residential environment, and abundant commercial and cultural facilities," adding, "We will develop it into an urban innovation space considering the industrial environment changes since the creation of Bundang New Town."

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