Gyeonggi-do to Announce Results of Attracting Advanced Departments to 3rd Pangyo Tech in April

Gyeonggi Province will hold a public contest starting from the 17th to attract a university focused on advanced departments to be established in Seongnam Third Pangyo Techno Valley, with the results to be announced in April.

On the 5th, Gyeonggi Province shared this information at the ‘Final Project Briefing for the Selection of the University for Third Pangyo Techno Valley’ held at the Pangyo Global Business Center.

The Third Pangyo Techno Valley is a public-private integrated knowledge industry center developed on 73,000㎡ within the ‘Seongnam Geumto Public Housing District,’ with a total floor area of 500,000㎡ and a project cost of 1.9 trillion KRW, scheduled to break ground in 2026.

The university space for advanced departments within the Third Pangyo Techno Valley covers 33,000㎡ (including basement floors) within the Seongnam Geumto Public Housing District. Only universities located in the metropolitan area’s overconcentration control zone that have plans to relocate departments related to advanced industries such as semiconductors, robotics, artificial intelligence, gaming, and information and communication technology (ICT) are eligible to apply.

The Seongnam Geumto Public Housing District is designated as an overconcentration control zone under the Metropolitan Area Readjustment Planning Act, and universities within this zone can only open if they pass the review by the Metropolitan Area Readjustment Committee. Accordingly, three universities located in the overconcentration control zone?Sungkyunkwan University, Ajou University, and Eulji University?attended the briefing session.

Image of 3rd Pangyo Techno Valley

Gyeonggi Province plans to conduct a public contest on the 17th to select the university for preliminary negotiations and aims to finalize the selection by April at the latest. In May, a ‘Win-win Agreement for the Creation of the Third Pangyo Techno Valley Advanced Industry Global Cluster’ will be signed, involving Gyeonggi Province, Gyeonggi Housing and Urban Corporation (GH), leading (anchor) companies, and the selected university.

Once selected as a university for preliminary negotiations, the university will establish a relocation and establishment plan and begin the approval process for relocation with the Ministry of Education. It is expected that the university relocation plan approval could be obtained as early as the end of 2026. After approval, a sales contract for the school buildings (structures) will be signed between Gyeonggi Housing and Urban Corporation and the university, and the corporation will directly construct and supply the facilities to the school by 2029. Gyeonggi Province aims to open the university in 2030, creating a learning environment for about 1,000 undergraduate and graduate students.

Son Im-seong, Director of the Urban Housing Office of Gyeonggi Province, stated, "Starting with a university focused on advanced departments, we will combine support measures for leading companies, research institutes, mid-sized companies, and startups to develop the Third Pangyo Techno Valley into a global convergence cluster. We will expand this model to techno valleys throughout Gyeonggi, including the Third New Town, to make Gyeonggi Province a hub of advanced industries."

Meanwhile, on January 15, Gyeonggi Governor Kim Dong-yeon announced at the ‘Gyeonggi Fabless Industry Leap Communication and Empathy Talk’ held at the Seongnam Global Convergence Center, "To enhance global competitiveness in the system semiconductor sector, including fabless, we will establish a fabless-centered semiconductor ecosystem in the Third Pangyo Techno Valley."

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