Seongnam City Accelerates Creation of "Yatap Valley" Urban High-Tech Industrial Complex... Project to Begin in May

28,000 Square Meters... Expected to Become the Core of the 'Diamond-Shaped Industrial Belt' Connecting Pangyo and High-Tech Valley

Accommodating 1,000 Resident Employees and a Floating Population of 7,000

Driving Local Economic Revitalization and Job Creation

Seongnam City, Gyeonggi Province (Mayor Shin Sang-jin), is set to accelerate a preliminary feasibility study and the establishment of a basic plan for the creation of the “Yatap Valley Urban High-Tech Industrial Complex” in the Yatap-dong area of Bundang-gu. The city decided to commission the project on April 27 and plans to commence the work in May.

Aerial photo of Yatap Valley. Provided by Seongnam City

This project is being promoted in proactive response to the implementation of the Ministry of Land, Infrastructure, and Transport’s “Operational Guidelines for Alternative Designation of Industrial Areas” that came into effect on April 13.

Seongnam City had already undertaken preliminary preparations, including the submission of a demand survey for alternative designation of industrial areas to Gyeonggi Province in January 2026. Through this project, the city aims to respond to discussions with Gyeonggi Province regarding securing industrial zoning quotas and to systematically proceed with the industrial complex designation and development process.

The target site covers approximately 28,000 square meters at 4-2 Yatap-dong, Bundang-gu. The city will also review potential linkages and synergy effects with surrounding areas, focusing on this site.

The main tasks include: analysis of the site and surrounding conditions; establishment of a basic plan for the industrial complex; analysis of target industries and industrial demand; and review of economic and policy feasibility.

Seongnam City envisions Yatap Valley as a bridgehead for advanced industries, connecting Pangyo Techno Valley and Seongnam High-Tech Valley. Once the industrial complex is established, it is expected to create an industrial and residential complex accommodating approximately 1,000 resident employees and a floating population of about 7,000, thereby promoting business attraction, job creation, and revitalization of the local commercial district.

Additionally, Yatap Valley is projected to strengthen the connectivity of the “diamond-shaped industrial belt” linking Pangyo, Seongnam High-Tech Valley, Wirye, and Ori, solidifying its position as a key axis for expanding the future industrial base of Seongnam City.

Based on the results of this project, Seongnam City plans to proceed with consultations with Gyeonggi Province on industrial area designation in the second half of 2026 and, depending on the outcome, will establish step-by-step development plans for the industrial complex to ensure systematic project execution.

A Seongnam City official stated, “We have laid the foundation for project implementation through a prompt response to the institutional changes,” adding, “We will develop Yatap Valley into a hub for advanced industries to drive future growth engines, thereby revitalizing the local economy and creating jobs.”

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