Daegu-Gyeongbuk Free Economic Zone Authority

Vol.15 - Newsletter - DGFEZ, launches 2 development projects

2020-12-29 10:07:14

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The Yeongcheon Hi-Tech Park district is 1.22 million square meters (370,000 pyeong) in Daegi-ri, Jungang-dong, Yeongcheon-si, started the development on November 10 and is scheduled to complete the construction in March 2024. It plans to focus on high-tech automation industries such as transportation equipment, robots, and high-tech bio-industries such as bio-medicine and textiles.

The Daegu-Gyeongbuk Free Economic Zone Authority held the groundbreaking ceremony for the second phase of the Gyeongsan Knowledge Industrial District on November 27 with about 100 attendees including Governor Lee Chul-woo, Mayor Choi Young-jo, National Assemblyman Yoon Doo-hyun, heads of related agencies, businessmen, construction officials and local residents.

While the first stage of the development project currently has a process rate of 98% and the sales rate of industrial land reaches 80% (140 companies) and six national projects, the second stage of the development project (98,000㎡) is developing industrial land centered on the high-tech medical and medical equipment new materials industry with the goal of 2022.

Gyeongsan Knowledge Industrial District is 5km away from Cheongtong Wachon IC and is able to enter Daegu-Pohang Expressway within 5 minutes, and public transportation accessibility is improved due to the Daegu Subway Line 1 extension project.

It can utilize 120,000 talent from 12 universities in Gyeongsan, has excellent research institutes such as Gyeongbuk Techno Park and the Korea Institute of Production Technology, and is the largest free economic zone in Gyeongbuk Province with a balanced transportation and regional innovative talent infrastructure.