1622 Companies Located in Pangyo Techno Valley... 167 Trillion KRW Sales and 78,000 Employees

Types of Companies by Tenant in Pangyo Techno Valley

In Seongnam, Gyeonggi Province, the 1st and 2nd Pangyo Techno Valleys are home to 1,622 companies, employing approximately 78,000 workers. Additionally, the total sales revenue of Pangyo Techno Valley last year was 167.7 trillion KRW, marking a 38.8% increase compared to 120.8 trillion KRW in 2021.

Gyeonggi Province, in collaboration with the Gyeonggi Economic Science Promotion Agency and Gyeonggi Housing and Urban Corporation (GH), announced the results of a survey conducted from May to October targeting companies residing in the 1st and 2nd Pangyo Techno Valleys on the 31st.

According to the survey, out of the 1,622 companies in Pangyo Techno Valley, 86.4% were small and medium-sized enterprises (SMEs). Mid-sized companies accounted for 7.8%, and large corporations made up 3.8%.

In the 1st Pangyo, 83.2% of the companies are SMEs, 10.0% are mid-sized, and 5.0% are large corporations. In the 2nd Pangyo, SMEs represent 96.2% of the total 428 companies.

By industry, information technology (IT) was the most prevalent at 65.8%, followed by biotechnology (BT) at 14.0%, cultural content technology (CT) at 10.4%, and other sectors such as nanotechnology (NT) at 9.7%.

The total sales revenue of companies in the 1st and 2nd Pangyo Techno Valleys last year was 167.7 trillion KRW, with the 1st Pangyo accounting for 157.5 trillion KRW, or 93.9%. The 2nd Pangyo recorded 10.2 trillion KRW. The 2nd Pangyo Techno Valley saw an 828% increase compared to 1.1 trillion KRW in 2021, reflecting a recent rise in resident companies.

The number of regular employees was 78,751, a 7.2% increase from 73,443 the previous year. By age group, those in their 30s and 40s numbered 51,582, comprising 69.6% of the total.

Among all employees in Pangyo Techno Valley, researchers made up 30.5% (23,976 people), women accounted for 29.2% (22,971 people), and new hires represented 18.0% (14,214 people). Compared to the previous year, researchers decreased by 5.7%, while women and new hires increased by 0.3% and 0.4%, respectively.

Gyeonggi Province plans to use the results of this survey to enhance the efficiency of complex operations and to formulate economic policies.

Kim Hyun-dae, Director of the Future Growth Industry Bureau of Gyeonggi Province, stated, "Gyeonggi Province plans to use the survey results to provide a better environment for companies in the 1st and 2nd Pangyo Techno Valleys. We will continue to listen to the voices of resident companies and implement various support policies."

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