Sejong Tech Valley: Move-in Rate Lags Behind Sales Rate... 'Up to 45 Million KRW Support'

Up to 45 million KRW will be provided to companies relocating to Sejong Tech Valley to support the stable settlement of advanced technology firms.

According to Sejong City, as of last month, the occupancy rate for Sejong Tech Valley?the city's only urban high-tech industrial complex established to cluster advanced companies?stood at 98%, but the actual move-in rate was estimated at about 50%. On July 22, the city announced that, in order to revitalize Sejong Tech Valley, it had amended relevant ordinances and would implement a rental support system to attract advanced technology companies.

Eligible for rental support are headquarters, factories, and research institutes of small and medium-sized enterprises in the city's five-plus-one future strategic industries (information security, future mobility, digital content, digital healthcare, broadcasting and video media, quantum industry) that are relocating from outside Sejong to Sejong Tech Valley.

Eligible companies can receive up to 40 million KRW in rental support over two years, as well as up to 5 million KRW for office setup construction costs. However, to receive rental support for two years, companies must sign a lease agreement for a total of four years, including a mandatory two-year occupancy period.

The city plans to make final selections for support through the Sejong Technopark Rental Support Company Selection Committee, which will comprehensively review and evaluate business type, technological capability, growth potential, and employment creation plans. For more details, inquiries can be made to the city’s Investment Promotion Team or the Corporate Growth Support Team at Sejong Technopark.

Lee Seungwon, Deputy Mayor for Economic Affairs, stated, "Rental support will serve not only as simple budget assistance but also as a catalyst for attracting and settling advanced companies and building an industrial ecosystem." He added, "We will do our utmost to more actively attract promising companies in future strategic industries and enhance the city's self-sufficiency."

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