Sangjin Shin Unveils 'Diamond-Shaped Industrial Belt'... "Opening the 700 Trillion Won Era of AI and Semiconductors"

Sangjin Shin, Seongnam Mayoral Candidate, Announces 'Diamond-Shaped Industrial Belt'
Declaration of Completion for the Advanced Industry Axis Connecting Pangyo, Yatap, Ori, and Wirye
Ori Station '4th Technovalley' to be Developed as a Super High-Density Zone with 800% Floor Area Ratio
Ori Station Area to Cover 200,000 Square Meters and Create 80,000 Jobs
Industrial Belt Spanning All of Seongnam to Generate Sales of 500 to 700 Trillion Won

Sangjin Shin, the People Power Party candidate for Mayor of Seongnam in Gyeonggi Province, has officially announced the 'Seongnam Diamond-Shaped Industrial Belt Completion Project' aimed at transforming Seongnam into South Korea's leading city for AI and semiconductor innovation.

Sangjin Shin, Candidate for Mayor of Seongnam. Courtesy of Candidate Sangjin Shin

On May 12, Candidate Shin unveiled his policy vision, stating, "We will organically link AI, fabless semiconductor, future strategic industries, and global R&D hubs along the advanced industrial axes connecting the east, west, south, and north of Seongnam, establishing the city as the center of Korea's future industries."

The core of this project is the 'Ori Station 4th Technovalley.' Candidate Shin defined this as the "final key piece" of the project, asserting that it will not be pursued as a simple station area development, but rather as a strategic initiative to determine the country's future.

Of particular note is the change in the project implementation method. Candidate Shin evaluated that the existing 'Urban Innovation Zone Method' could slow down the project due to the Ministry of Land, Infrastructure and Transport's approval process. Therefore, he has completely switched to the 'District Unit Plan Amendment' method, which can be executed promptly under the mayor’s authority. Through this, he aims to quickly achieve tangible results that citizens can experience within the 9th popularly-elected administration.

The Ori Station area covers about 200,000 square meters (approximately 65,000 pyeong), which is the size of 29 soccer fields and about 2.4 times the site of Lotte World Tower.

Candidate Sangjin Shin explained, "If this area is developed as a super high-density advanced industrial complex with a floor area ratio of around 800%, it will create a new innovation ecosystem that surpasses Pangyo."

He further emphasized, "According to related research and industry analyses, the 4th Technovalley alone is projected to generate up to 80,000 high-tech jobs and economic effects of up to 180 trillion won per year."

The 'diamond-shaped industrial belt' proposed by Candidate Shin envisions connecting Seongnam High-Tech Valley, Pangyo 1, 2, and 3 Technovalleys, Baekhyeon MICE, Yatap Valley, and the Seongnam Wirye POSCO Global Center as one unified axis.

Candidate Shin stated, "Once the belt is completed, the total sales of advanced companies in Seongnam are expected to conservatively reach between 500 trillion and 700 trillion won. The central axis of Korea’s advanced industries will completely shift from Seoul to Seongnam."

Candidate Shin highlighted achievements from the 8th popularly-elected administration, such as the Seongnam Wirye POSCO Global Center, KAIST Research Center, LIG Nex1 R&D Complex, Sejong University AI and Fabless R&D Complex, Sogang University Pangyo Digital Innovation Campus, and Sungkyunkwan University Fabless AI Research Center, noting that Seongnam is already prepared to emerge as a global AI innovation city.

He stressed, "We will provide world-class jobs for young people, the best innovation environment for companies, and greater pride and prosperity for citizens. I will ensure that Seongnam's next 100 years of economic growth are firmly established during the 9th popularly-elected administration."

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