Geoje Corporate Innovation Park Success Declaration ... "Aiming for Korea's Best Future City Integrating Culture, Tourism, Education, and Residential Life"

Gyeongnam Province, Geoje City, and local companies have jointly launched the "Geoje Corporate Innovation Park," officially announcing their commitment to building a future-oriented convergence city on November 18.

The Geoje Corporate Innovation Park is a massive project worth 1.5 trillion won, aiming to develop a future-oriented complex district in the Guyeong-ri area of Jangmok-myeon, Geoje City, covering 1.28 million square meters. The district will integrate tourism, digital, art, education, and residential functions.

The project was selected as a Ministry of Land, Infrastructure and Transport competition project in March last year, and with a recent investment commitment from Naver Cloud, the combination of tourism infrastructure and an artificial intelligence (AI)-based digital platform is expected to accelerate.

The province and city are pursuing the project with the goal of obtaining integrated development plan approval from the Ministry of Land, Infrastructure and Transport by 2026.

Attendees at the Gyeongnam Geoje Corporate Innovation Park Success Promotion Ceremony are taking a commemorative photo. Provided by Gyeongnam Province

The "Geoje Corporate Innovation Park Success Promotion Declaration Ceremony" was held at Sono Calm Geoje in Irun-myeon, Geoje City on this day, attended by Park Wansu, Governor of Gyeongnam Province, Byeon Gwangyong, Mayor of Geoje, National Assembly member Seo Iljun, and representatives from major participating companies such as Grancruise, Naver Cloud, Dasan Networks, District Korea, and Susan Industry, as well as provincial and city council members.

They presented the overall concept and implementation plans for the Corporate Innovation Park and shared the project's direction.

They also strengthened their commitment to cooperation by jointly reading the "Geoje Corporate Innovation Park Success Promotion Declaration."

Aerial view of Gyeongnam Geoje Corporate Innovation Park. Provided by Gyeongnam Province

Gyeongnam Province announced plans to actively support the success of the Corporate Innovation Park while working to expand the national transportation network and attract the Expo, and to establish a close cooperation system with Geoje City and participating companies.

Geoje City will support the project so that it can become a growth hub that citizens can feel and an innovation city where young people choose to stay.

Grancruise, the project operator, plans to maximize regional industrial competitiveness through sustainable private investment and convergent urban development, while other participating companies intend to contribute to the success of the Corporate Innovation Park by expanding investment and leveraging their innovation capabilities.

Park Wansu, Governor of Gyeongnam Province, is giving a greeting at the Success Promotion Ceremony of Geoje Corporate Innovation Park. Provided by Gyeongnam Province

Governor Park stated, "I find it very meaningful that a forum for cooperation to ensure the success of the digital convergence future city has been established," adding, "With companies possessing the best capabilities in Korea participating, expectations for the Corporate Innovation Park are very high."

He continued, "We have been working to properly develop the Jangmok Tourism Complex for the first time in 26 years. After the designation of the Corporate Innovation Park, we determined that it would be difficult to create a world-class project as a single tourism complex, so we expanded the scope and are preparing even more substantial plans."

He also said, "Geoje is Korea's future treasure city. With the Geoga Bridge, Gadeok New Airport, the southern inland railway, and highway connections, Geoje is now emerging as a transportation hub for land, sea, and air, beyond just being an island. We have also begun developing a world-class tourist destination with its beautiful natural environment."

Governor Park emphasized, "We must pursue this project with the determination to make the future city, which embraces culture, tourism, education, and residential life, the best work in Korea. Gyeongnam Province and Geoje City will provide active support. Please develop it into a city that realizes the dreams of our residents."

The attendees declared, "We will complete the Geoje Corporate Innovation Park as a model for innovative growth in future industries and tourism convergence, representing the southern region of Korea."

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