Large-Scale Development in Northern Gyeonggi 'Starts'... Goyang Ilsan and Yangju Techno Valley Groundbreaking in October-November

Location Map of Goyang Ilsan Technovalley

Goyang Ilsan Technovalley in Gyeonggi Province and Gyeonggi Yangju Technovalley will break ground consecutively at the end of October and the end of November.

The Goyang Ilsan Technovalley is an urban development project jointly undertaken by Gyeonggi Province, Goyang City, Gyeonggi Housing and Urban Corporation (GH), and Goyang Urban Management Corporation. It covers an area of 859,500㎡ (approximately 260,000 pyeong) in Daehwa-dong, Ilsanseo-gu, Goyang City, with a project cost of 850 billion KRW. The project aims to establish a location base to attract innovative companies in the bio-medical, media-content, and advanced manufacturing sectors.

Gyeonggi Province previously established the ‘10-Year Development Plan for Northern Gyeonggi’ in 2015 and formulated a plan to create the Northern Gyeonggi Technovalley as part of the Northern Gyeonggi industrial and economic development vision, aiming to provide industrial site space to lead growth in Northern Gyeonggi.

Since then, the project has been actively promoted following the announcement of the Northern Gyeonggi Technovalley site selection in 2016, with completion targeted for 2026. Once completed, the complex is expected to create 22,000 jobs and generate an economic ripple effect of 6.5 trillion KRW.

The Gyeonggi Yangju Technovalley is a project jointly carried out by Gyeonggi Province, Yangju City, and Gyeonggi Housing and Urban Corporation, covering 218,100㎡ (approximately 66,000 pyeong) in Majon-dong, Yangju City, with a project cost of 110.4 billion KRW. The project went through procedures including the selection of the second northern technovalley site in 2017, signing a joint project implementation agreement in 2019, and approval of the industrial complex plan in 2021.

Location Map of Gyeonggi Yangju Technovalley

This industrial complex development project aims to create a location base for fostering future promising new industries by upgrading the structure of traditional manufacturing industries such as existing urban-type industries, root industries, and machinery industries through service convergence and data-based innovation. It is expected to create about 4,300 jobs and generate an economic ripple effect of 1.8 trillion KRW.

Kim Dong-yeon, Governor of Gyeonggi Province, announced at the Northern Gyeonggi Special Autonomous Province Vision Declaration Ceremony on September 26 that he will awaken growth potential and open the future of South Korea through the establishment of the Northern Gyeonggi Special Autonomous Province and the large-scale development of Northern Gyeonggi, including the Goyang Ilsan Technovalley and Gyeonggi Yangju Technovalley.

Lee Gye-sam, Director of the Urban Housing Office of Gyeonggi Province, emphasized, "The groundbreaking of the Goyang Ilsan Technovalley and Gyeonggi Yangju Technovalley, leading projects of the large-scale development of Northern Gyeonggi, marks the start of the Northern Gyeonggi large-scale development and will further accelerate the establishment of the Northern Gyeonggi Special Autonomous Province. We will concentrate all of Gyeonggi Province’s policy capabilities on the development of the Goyang Ilsan Technovalley and Gyeonggi Yangju Technovalley."

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