The Core of Northern Gyeonggi Major Development 'Gyeonggi Yangju Technovalley' Breaks Ground on the 5th

Groundbreaking Ceremony for Gyeonggi Yangju Technovalley

Following the Goyang Ilsan Technovalley in Gyeonggi Province, the 'Gyeonggi Yangju Technovalley,' which will become one of the two major pillars of the large-scale development in northern Gyeonggi, broke ground on the 5th.

Spanning 218,000㎡, the Gyeonggi Yangju Technovalley will be established as a new growth hub in northern Gyeonggi, fostering not only the smart transformation of traditional local industries but also the cultivation of cutting-edge new industries.

The groundbreaking ceremony for the Gyeonggi Yangju Technovalley, held in the Majon-dong area of Yangju City, was attended by about 200 stakeholders, including Gyeonggi Province Governor Kim Dong-yeon, National Assembly member Jeong Seong-ho, Yangju Mayor Kang Su-hyun, Chairman Lim Sang-o of the Northern Gyeonggi Special Self-Governing Province Special Committee, provincial and city council members, Kim Se-yong, President of Gyeonggi Housing and Urban Corporation, and local residents.

Governor Kim Dong-yeon stated, "Two months ago, I announced the vision for the large-scale development of northern Gyeonggi and expressed a strong commitment to promoting the Northern Special Self-Governing Province. At the core of that vision is the Yangju Technovalley," adding, "I report to the citizens of Yangju, residents of the northern region, and all Gyeonggi residents that the vision for northern Gyeonggi's large-scale development is steadily progressing step by step."

He continued, "The Yangju Technovalley will serve as the foundation for transforming Yangju into an R&D-based innovative self-sufficient city by linking with the Yangju station area, Okjeong and Hoecheon urban plans, as well as ecological culture and tourism resources," emphasizing, "I hope the groundbreaking ceremony will become a significant momentum to jointly realize the vision of the Northern Special Self-Governing Province and the large-scale development of the northern region."

Jointly implemented by Gyeonggi Province, Yangju City, and Gyeonggi Housing and Urban Corporation, the Gyeonggi Yangju Technovalley will be developed on a 218,000㎡ (66,000 pyeong) site in Majon-dong, Yangju City, making it the largest single urban high-tech industrial complex in northern Gyeonggi.

With a total project cost of 110.4 billion KRW, the project aims for land supply in 2024 and completion in 2026. Since being selected as the site for the second northern technovalley in 2017, it has undergone procedures including a joint project implementation agreement in 2019 and industrial complex plan approval in 2021.

The Gyeonggi Yangju Technovalley, the first northern Gyeonggi industrial complex to officially incorporate dedicated R&D zones, is expected to be a signal flare for the large-scale development of northern Gyeonggi by integrating IT technologies into Yangju’s specialized industries such as textiles and fostering advanced new industries like display and mobility.

It offers excellent accessibility through connections with nearby Yangju station area urban development projects, Okjeong New Town, GTX Deokjeong Station, Subway Line 1 Yangju Station, and the Metropolitan Area 2nd Ring Expressway, realizing proximity between residence and workplace.

Gyeonggi Province anticipates the creation of 4,300 jobs, a production inducement effect of 1.8686 trillion KRW, and a value-added inducement effect of 443.2 billion KRW.

Meanwhile, Governor Kim Dong-yeon declared at the Northern Gyeonggi Special Self-Governing Province vision proclamation ceremony on September 26 that he would awaken growth potential and open the future of South Korea through the establishment of the Northern Special Self-Governing Province and large-scale development of northern Gyeonggi, including the Goyang Ilsan Technovalley and Gyeonggi Yangju Technovalley.

The Goyang Ilsan Technovalley, which broke ground on October 26, covers an area of 872,000㎡ (approximately 260,000 pyeong) in Daehwa-dong and Beopgot-dong, Ilsanseo-gu, Goyang City, with a project cost of 850 billion KRW, aiming to attract innovative companies in the bio-medical, media-content, and advanced manufacturing sectors.

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