Sejong City Rolls Up Sleeves to Attract Cybersecurity 'Opportunity Development Zone'

Sejong City is preparing a strategy to attract a ‘Opportunity Development Zone’ that links the cybersecurity industry with the information and communication technology (ICT) industry.

According to Sejong City on the 31st, the Opportunity Development Zone is one of the means for balanced regional development, promoted to encourage companies to relocate to local areas by providing incentives such as tax reductions, regulatory exemptions, and financial support.

The reason Sejong City is focusing on attracting the Opportunity Development Zone centered on the cybersecurity industry is that major national facilities such as the Government Sejong Complex and national research complexes are concentrated in the area, and considering that the National Assembly Sejong Office Building and the President’s second office are scheduled to be established in the future, Sejong is judged to have a high potential to grow as a national core hub in the cybersecurity field.

Accordingly, Sejong City plans to foster a Sejong-type cybersecurity industry as a future new industry by attracting corporate investment through industrial complexes and joint campuses, and by cultivating talent in the field through linkage with information security departments of nearby universities.

As a preliminary step for this, Sejong City has formed and is operating a task force (TF) for the Opportunity Development Zone. Also, on the same day (31st), the first planning meeting for attracting the Opportunity Development Zone was held, presided over by Lee Seung-won, Deputy Mayor for Economic Affairs of Sejong City.

The meeting was organized to share recent government trends related to the Opportunity Development Zone following the enforcement of the ‘Special Act on Local Autonomy and Balanced Regional Development’ and to discuss Sejong City’s direction for promoting the attraction of the Opportunity Development Zone linked to industries such as cybersecurity.

Starting with this meeting, Sejong City plans to actively proceed with preparations for designation of the zone, including preliminary surveys, setting basic plan directions, attracting companies, and discovering regulatory exemptions.

Lee Seung-won, Deputy Mayor for Economic Affairs of Sejong City, said, “The Opportunity Development Zone will become a new growth engine for balanced regional development through unprecedented tax support and regulatory exemptions,” adding, “Sejong City will strive to ensure that Sejong is finally designated as an Opportunity Development Zone by linking the cybersecurity industry with regional strategic industries.”

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