Daejeon City to Develop 5 New Industrial Complexes... Completion by 2029

Samjeong District, Odong District, Bonggok District, Sindae District, Daedeok Special Zone K-Kendall Square, etc.
Concurrent Promotion of Feasibility Review by Public Enterprise Evaluation Institute and GB Release Administrative Procedures

Daejeon Mayor Jang Woo Lee is briefing on the creation of five new industrial complexes at the Daejeon City Hall briefing room on the 26th. / Daejeon=Photo by Jongmyung Park

Daejeon City announced on the 26th that it will create five new industrial complexes (1,891,000㎡, 580,000 pyeong) to realize a first-class economic city through fostering advanced strategic industries.

The planned sites for the new industrial complexes are △ Samjeong District near Panam IC in Dong-gu (218,000㎡, 70,000 pyeong) △ Odong District in Seo-gu (824,000㎡, 250,000 pyeong) and △ Bonggok District (332,000㎡, 100,000 pyeong) △ Sindae District in Daedeok-gu (291,000㎡, 90,000 pyeong) and Daedeok Special Zone K-Kendall Square near Gajeong-ro in Yuseong-gu (226,000㎡, 70,000 pyeong).

Dong-gu Samjeong District and Seo-gu Bonggok District will be specialized complexes for fostering the root industry, Seo-gu Odong District will be an advanced complex for nurturing defense, space, and aviation industries, and Daedeok-gu Sindae District will be developed as a water industry cluster. These four complexes are planned to be completed by 2029.

Location Map of 5 New Industrial Complexes / Daejeon City

Daedeok Special Zone K-Kendall Square, located near Gajeong-ro in the Daedeok Special Zone, is a multifunctional, high-density convergence innovation space project for fostering future advanced strategic industries in line with the government's plan to develop a ‘Global Cluster for Advanced Industries.’ The city began establishing the basic plan last November, aims to complete the feasibility review by the Public Enterprise Evaluation Institute within this year, and plans to request the Ministry of Science and ICT to establish a special zone development plan, targeting completion in 2028.

Among the planned new industrial complex sites, the city has started restricting development permits from today for the four districts (1,665,000㎡, 510,000 pyeong) excluding K-Kendall Square, where the Ministry of Science and ICT, Daejeon City, and other public institutions are landowners. According to relevant laws, activities such as building construction, installation of structures, and landform changes are restricted in these areas.

The city expects that after completing the five new industrial complexes, the production inducement effect will be 357.9 billion KRW, the value-added inducement effect will be 167.7 billion KRW, and the employment inducement effect will be 3,068 people.

To expedite the creation of the industrial complexes, the city plans to simultaneously proceed with the feasibility review by the Public Enterprise Evaluation Institute and the administrative procedures for lifting development restrictions.

Mayor Lee Jang-woo of Daejeon said, “We are dedicated to creating new industrial complexes to foster four core advanced industries and attract companies to create large-scale jobs for the economic development of Daejeon. Starting with the announcement of the new industrial complex sites, we will also accelerate the planned industrial complex developments.”

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