673.8 Billion Invested in 'Gyeonggi Goyang Broadcasting Video Valley' Groundbreaking on 17th

Aerial View of Gyeonggi Goyang Broadcasting and Video Valley

[Asia Economy (Suwon) = Reporter Lee Young-gyu] A domestic broadcasting and video industry valley will be established in Goyang, Gyeonggi Province. It will be the third domestic broadcasting and video industry hub following Yeouido and Sangam-dong in Seoul.

Gyeonggi Province announced on the 16th that it will begin the first infrastructure construction for the 'Gyeonggi Goyang Broadcasting and Video Valley Urban Development Project' on the 17th.

The Gyeonggi Goyang Broadcasting and Video Valley urban development project covers an area of 701,000 square meters with a project cost of 673.8 billion KRW to create a broadcasting and video specialized complex in Janghang-dong, Goyang City. The project is jointly implemented by Gyeonggi Province and Gyeonggi Housing and Urban Development Corporation (GH).

The province and GH designated the area and approved the development plan in 2019, followed by the designation of the project implementer. In April 2021, they announced the implementation plan approval and proceeded with compensation for losses. In January of this year, they completed the contract with the construction company (Dongkwang Construction Co., Ltd.), and construction is scheduled to be completed by June 2026.

The province is conducting related strategic research to attract major broadcasting companies to the Broadcasting and Video Valley. Through this, they plan to establish measures to discover actual corporate demand, specialized and revitalized land supply and marketing strategies, and operation management plans.

Additionally, in connection with the surrounding conditions of the 'Gyeonggi Goyang Broadcasting and Video Valley,' such as the nearby Hallyu World, K-Culture Valley, and Ilsan Techno Valley, the plan is to foster it as 'a representative broadcasting and video cluster of Korea and a center of the media industry.'

Lee Seok-beom, Director of the Culture, Sports and Tourism Bureau of the province, emphasized, "With the full-scale promotion of the Gyeonggi Goyang Broadcasting and Video Valley urban development project, we will create a broadcasting and video complex responsible for future growth engines, aiming to become the second Sangam."

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