Pangyo Techno Valley Resident Companies Recorded 109 Trillion KRW in Sales Last Year

[Asia Economy (Suwon) = Reporter Lee Young-gyu] The total sales of companies located in Pangyo Techno Valley, Seongnam-si, Gyeonggi Province, nearly reached 110 trillion won last year.

Gyeonggi Province announced on the 4th that according to the survey conducted from April to July this year on Pangyo Techno Valley, the annual sales of all 1,697 resident companies in 2020 were found to be 109.9 trillion won.

This is a 2.5% increase compared to 107.2 trillion won (1,259 companies) in 2019. However, considering the number of companies, sales per company decreased by about 20 billion won. This sales scale was calculated by combining the sales of headquarters, research centers, and branches even if the company only had a research center in Pangyo without a headquarters there.

As of last year, about 39% of the companies residing in Pangyo Techno Valley had their headquarters in Pangyo.

By company size, small and medium-sized enterprises accounted for 87.6% (1,487 companies), medium-sized enterprises 5.7% (97 companies), and large enterprises 3.8% (64 companies).

The proportion of small and medium-sized enterprises was 85.5% (1,112 companies) in the first Pangyo Valley, which was developed earlier, and 94.5% (375 companies) in the second Pangyo Valley, which was developed later.

By industry, advanced sectors such as Information Technology (IT) accounted for 64.6%, Biotechnology (BT) 13.4%, Cultural Content Technology (CT) 13.0%, and Nanotechnology (NT) 1.1%, totaling about 92% of all companies.

The number of regular employees was 71,967, with those in their 30s and 40s making up 72.1% (49,151 people).

Among all employees, researchers accounted for 34.6% (24,902 people), female workers 27.8% (19,972 people), and new employees 16.6% (11,936 people).

Park Jong-il, Director of the Future Industry Division of the province, emphasized, "We plan to use the survey results solely as data for operational support and economic policy formulation," adding, "We will continue to provide better environments for resident companies to become a hub of not only domestic but also global techno valleys."

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