Daejeon Industrial Complex Transforms into a 'Youth Startup Activation Zone'

Daejeon City is transforming the Daejeon Industrial Complex into a ‘Youth Startup Activation Complex.’

On the 26th, Daejeon City announced that the Daejeon Industrial Complex was recently selected as a final candidate site for the Industrial Complex Regeneration Project Activation Zone (hereinafter referred to as the Activation Zone) led by the Ministry of Land, Infrastructure and Transport.

The Activation Zone project, introduced in 2016, involves redeveloping parts of aging urban industrial complexes into high-density, mixed-use complexes to create jobs for youth and attract advanced industries, transforming them into innovative spaces.

Once designated as an Activation Zone, the project can receive various supports such as relaxed floor area ratio regulations due to land use changes, priority support for regeneration project infrastructure, and housing and urban fund loan support during the project implementation process.

Daejeon City and Daejeon Urban Corporation plan to establish ▲ community facilities for industrial complex workers ▲ infrastructure such as parking lots and pedestrian-only roads ▲ support facilities including youth startup incubation centers and public data centers ▲ and complex facility sites for advanced knowledge and manufacturing convergence industries when the Daejeon Industrial Complex is designated as an Activation Zone.

To this end, Daejeon City will formulate a detailed activation plan, undergo feasibility verification, consult with related agencies, and obtain approval from the Minister of Land, Infrastructure and Transport, then designate and announce the Daejeon Industrial Complex as an Activation Zone before commencing the project.

Han Seon-hee, Director of Strategic Project Promotion at Daejeon City, said, “We will make every effort to ensure that the Daejeon Industrial Complex sheds its image as an aging industrial complex and transforms into an eco-friendly industrial complex where youth want to find employment.”

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