Goyang JDS and Ansan Science Valley to Promote 'Gyeonggi Economic Free Zone'

by Lee YeongKyu

Published 15 May.2023 07:09(KST)

Updated 15 May.2023 10:40(KST)

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Goyang JDS and Ansan Science Valley to Promote 'Gyeonggi Economic Free Zone'

Gyeonggi Province has launched a study service to establish a development plan (revision) for the additional designation of 'Economic Free Zones' covering a total area of 30.4㎢ in two districts: Goyang JDS and Ansan Science Valley. The study period is from May 10 this year to April 9 next year.

During this period, Gyeonggi Province plans to establish a development plan (revision) for the two districts, Goyang JDS and Ansan Science Valley, totaling 30.4㎢, and apply to the Ministry of Trade, Industry and Energy for designation as Economic Free Zones, the province announced on the 15th.

As the need for additional designation of Economic Free Zones to secure new growth engines has been steadily raised, Gyeonggi Province conducted a public contest targeting cities and counties within the province last year.

Subsequently, after evaluation by a private evaluation group based on the criteria for additional designation of Economic Free Zones, Goyang JDS district and Ansan Science Valley were selected as target sites.

The Goyang JDS district has excellent accessibility to Incheon Airport and Gimpo Airport and includes outstanding media and cultural infrastructure such as KINTEX, Goyang Broadcasting Video Valley, and Goyang Tourism and Culture Complex, as well as the Ilsan Technovalley.

Gyeonggi Province and Goyang City plan to create an advanced industrial cluster including semiconductors and bio-industries in the JDS district to lead economic growth in northern Gyeonggi.

Ansan Science Valley is located in the southwest of Seoul and is close to Seoul and Incheon Airport. Centered around Hanyang University, it is specialized in research and development fields such as the 'Hanyang University ERICA Innovation Park' for fostering innovative companies and creating jobs, and the designation of the Ansan Gangseo Development Research Special Zone. The province and Ansan City plan to additionally establish a 'Global Cloud Data Hub' combined with renewable energy sources such as tidal power, solar power, and wind power in this area.