Goyang Ilsan Technovalley Land Supply Plan Approved... Phased Sales Until Next Year

Sales of Knowledge-Based Facility Sites to Begin in Second Half of Year
Land Purchase Subsidies and Employment Incentives Offered
Venture Companies Eligible for 50% Reduction in Acquisition Tax

Goyang Ilsan Technovalley, which is expected to emerge as a key hub for the fourth industrial revolution in the northern metropolitan area, is set to begin full-scale sales in the second half of this year after its land supply plan was approved on August 26, 2025.

Goyang Special City (Mayor Lee Donghwan), together with the project operators (Gyeonggi Province, Goyang City, Gyeonggi Housing & Urban Development Corporation, and Goyang Urban Management Corporation), announced plans to begin phased sales starting with some knowledge-based facility sites on the southern side of Janghangsu-ro in the second half of this year, aiming for completion of Ilsan Technovalley by 2026.

In addition, a variety of incentives will be offered to help tenant companies successfully settle in Ilsan Technovalley.

According to the "Goyang City Investment Promotion Ordinance," the city will provide companies investing in more than 3,300 square meters (1,000 pyeong) of industrial facility land with up to 800,000 won per pyeong in land purchase subsidies, as well as employment and training subsidies when hiring new Goyang residents.

In particular, if a company hires more Goyang residents than its regular workforce and provides training, it will receive subsidies of 500,000 won per person per month for six months, up to a maximum of 100 million won per company.

Additionally, following the designation of a venture business promotion district in 2024, venture companies moving into Ilsan Technovalley will be eligible for up to a 50% reduction in acquisition and property taxes, as well as exemptions from five major charges (traffic impact, development, forestry, grassland, and farmland fees).

A city official stated, "Ilsan Technovalley is an industrial complex with fast and convenient transportation, making it an excellent place for business operations. We will continue to develop it into a successful industrial cluster by providing various support measures, including investment attraction, startup support, and securing highly skilled talent."

Meanwhile, Ilsan Technovalley offers optimal industrial conditions for fostering advanced industries, including bio and advanced precision medical industries in connection with seven major hospitals and research institutes in Goyang; broadcasting and media content industries based on major broadcasting companies and the Broadcasting Video Valley; and drone and UAM industries through Korea Aerospace University, the Drone Anchor Center, and K-UAM demonstrations.

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