Bucheon City to Establish Sangdong and Daejang as Growth Hubs: "We Will Create a Platform for Enterprises to Thrive"

Building Ecosystems for AI, Content, Semiconductors, and Future Mobility
Mayor Cho Yong-ik Outlines Business Growth Strategy at Bucheon Chamber of Commerce Lecture

Bucheon City in Gyeonggi Province has decided to focus on establishing the Sangdong Special Planning District and Bucheon Daejang Urban High-Tech Industrial Complex as its two primary growth hubs, while also strengthening support for local businesses.

According to the city on August 20, Cho Yong-ik, Mayor of Bucheon, laid out this business growth strategy during an invited lecture hosted by the Bucheon Chamber of Commerce and Industry the previous day, stating his ambition to “redraw the economic map of Bucheon and create a platform for enterprises to thrive.”

The city plans to foster the Sangdong Special Planning District and the Bucheon Daejang Urban High-Tech Industrial Complex to restructure Bucheon’s industrial landscape. The former Sangdong Video Culture Complex, now the Sangdong Special Planning District, will be developed into an “AI Compact City” integrating artificial intelligence (AI), K-Content, and advanced industries. The city intends to establish a one-stop system that supports everything from content creation to distribution and create a self-sustaining industrial ecosystem that combines industry, culture, and residential life.

The Bucheon Daejang Urban High-Tech Industrial Complex will be positioned as a hub of advanced industries such as semiconductors and future mobility, anchored by the presence of Korean Air and SK hynix. The city aims to begin general sales in 2029 and will offer preferential status to local companies to increase their chances of relocation.

Mayor Jo Yong-ik of Bucheon is giving a lecture titled "Bucheon Changing for Businesses" at an invited lecture by the Bucheon Chamber of Commerce and Industry on the 19th. Provided by Bucheon City

The city is also working to strengthen the growth foundation of local enterprises. To begin with, an additional 252 parking spaces will be added at the Samjeong 2 and 3 public parking lots, and the city plans to improve infrastructure, such as parking and roads, in industrial zones tailored to their specific conditions.

Additionally, the city will apply AI and advanced technologies to its five key specialized industries—molding, lighting, robotics, packaging, and ceramics. The area around Bucheon Sports Complex will be developed as a specialized industry AI transformation (AX) hub. To support this, the city will connect local research and development institutions and businesses to facilitate the adoption of AI technologies and the training of skilled professionals. The beauty industry will also receive enhanced technical support and global marketing to nurture it as a strategic sector.

Financial support for businesses will be expanded as well. In collaboration with IBK Industrial Bank of Korea, the city will support joint assistance agreement loans for small and medium-sized enterprises totaling KRW 90 billion. For startup companies investing in equipment, interest subsidies and additional interest rate reductions will be provided. Furthermore, a “Bucheon Citizen Growth Fund” will be created using profits from the first venture fund, with the goal of fostering promising venture and startup companies.

To attract businesses, the city believes that expanding metropolitan transportation networks and cultivating future industrial talent are essential to enhancing urban competitiveness. Accordingly, special educational curricula connecting Bucheon Science High School with the five specialized industries, R&D institutions, and businesses will be offered, and an industry-academia-research cluster will be established to nurture talent for future industries.

Additionally, Sosa Station is expected to become a triple transfer station connecting the Gyeongin Line, Seohae Line, and KTX-Eum; Daejang Station will become a quadruple transfer station connecting the Daejang, Hongdae Line, and GTX Line; and Bucheon Sports Complex Station is projected to grow into a fivefold transfer station.

Mayor Cho emphasized, “We will ensure that local companies gain sales from corporate investments, that the growth of new industries leads to fresh business opportunities, and that the inflow of outstanding talent boosts business competitiveness.” He added, “We will actively resolve inconvenient regulations and difficulties faced in the field that hinder business activities.”

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