[THE INVESTOR] Gyeonggi Province on June 29 announced the construction of a new tech complex, tentatively called “North Gyeonggi Techno Valley,” in Ilsan, Goyang City, to attract some 1,900 tech companies from 2020.
The new facility is the fourth of its kind to be built in the province, following two in Pangyo and one in Gwanggyo.
“The Pangyo Techno Valley has exceeded 70 trillion won (US$60 billion) in revenue last year with some 72,000 jobs being created. Its success story will be revived at the Ilsan complex,” said Gyeonggi Gov. Nam Gyeong-pil in a press conference.
Gyeonggi Province Governor Nam Gyeong-pil speaks at a press conference.
According to the governor, the complex will be created as a technical hub for virtual reality contents and advanced medical industry. With the construction set to start in 2018, the province plans to inject 1.6 trillion won into the facility.
By Lee Ji-yoon (
jylee@heraldcorp.com)