Daegyeong Gyeongjacheong Achieves 'Top Excellence' Rating in Performance Evaluation ... Changes to Suseong Medical District Development Plan
The Daegu-Gyeongbuk Free Economic Zone Authority (Commissioner Kim Byung-sam) announced that at the Economic Free Zone Committee meeting held on the 29th (Chairman: Minister of Trade, Industry and Energy), the “Amendment to the Development Plan of Suseong Medical District for Advancing ABB Industrial Base Digital Innovation Hub” was approved and reflected, and it also received the highest grade (S grade) in the “2022 Economic Free Zone Performance Evaluation.”
This amendment to the Suseong Medical District development plan aims to upgrade Suseong Alpha City into the nation’s largest advanced IT/SW cluster outside the metropolitan area by establishing a “National Digital Innovation Hub,” thereby proactively and firmly supporting Daegu’s “Next 50 Years.”
The main changes in the development plan include renaming the Daegu-Gyeongbuk Free Economic Zone Suseong Medical District to Daegu-Gyeongbuk Free Economic Zone Suseong Alpha City, and changing the development direction from knowledge-based service industries including medical/IT/SW to IT/SW knowledge-based service industries. Additionally, the medical facility site was abolished, land use plans were changed to knowledge-based industrial facility sites, and new roads and pedestrian pathways were established.
The Daegu-Gyeongbuk Free Economic Zone Authority expects that through procedures such as implementation plan amendments, infrastructure construction, and sales, the area will be reborn as a “Digital Innovation Hub of ABB Industrial Base” comparable to Pangyo Valley.
Furthermore, the Daegu-Gyeongbuk Free Economic Zone Authority achieved the highest grade, “S grade,” in the “2022 Economic Free Zone Performance Evaluation” conducted by the Ministry of Trade, Industry and Energy, targeting nine free economic zone authorities nationwide.
The Daegu-Gyeongbuk Free Economic Zone Authority analyzed that their good scores from the evaluation committee were due to active participation of CEOs’ councils by district, systematic establishment of an innovation ecosystem supporting innovative growth of resident companies in the free economic zone, and investment attraction achievements such as attracting domestic returning company Hwashin Co., Ltd. and foreign-invested company BizData Co., Ltd.
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Kim Byung-sam, Commissioner of the Daegu-Gyeongbuk Free Economic Zone Authority, stated, “We will continue to secure spaces for attracting future new industries such as the Daegu Technopolis expansion project to support the ‘Next 50 Years,’ and continuously support the improvement of living conditions and innovative growth of attracted companies, fulfilling our role as a hub for innovative growth contributing to regional development and job creation.”
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