Shin Sangjin: "Developing a Plan for Yatap Valley High-Tech Industrial Complex After Assessing Tenant Demand and Feasibility"
Seongnam City Envisions High-Tech Industrial Complex on 28,327-Square-Meter Site in Bundang's Yatap-dong
Reviews Attracting Defense-Sector AI Transformation Firms... Discusses Industrial-Area Quota Allocation
Discusses Key Tasks, Including Gyeonggi Province's Industrial-Area Quota Allocation
Shin Sangjin, mayor of Seongnam, Gyeonggi Province, said on November 11, "We will carefully review all relevant conditions, including demand from businesses looking to move in, project feasibility and related regulations, and develop a viable plan."
Shin Sangjin, mayor of Seongnam, speaks at an interim briefing on the preliminary feasibility study and basic plan for the Yatap Valley Urban High-Tech Industrial Complex, held in the City Hall's First Conference Room on Nov. 11. Provided by Seongnam City.
View original imageAt an interim briefing held that day at Seongnam City Hall on the "Preliminary Feasibility Study and Basic Concept Plan for the Yatap Valley Urban High-Tech Industrial Complex," Mayor Shin said, "The development of the Yatap Valley Urban High-Tech Industrial Complex is an important project that will fulfill residents' long-held hopes and expand Seongnam's industrial base for the future."
The proposed site for the industrial complex covers 28,327 square meters around 4-2 Yatap-dong, Bundang-gu. Seongnam City began a study in June to assess whether an urban high-tech industrial complex could be built on the site.
At the briefing, a basic plan for the industrial complex was presented, centered on fostering artificial intelligence transformation (AX) industries in the defense sector, based on an analysis of demand from businesses looking to move in and the types of industries that could be attracted.
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Representatives from Seongnam City, the city council, Seongnam Urban Development Corporation, Seongnam Industry Promotion Agency and Korea Electronics Technology Institute attended the briefing. They reviewed the project implementation method and its feasibility, and discussed key issues for developing the industrial complex, including the allocation of industrial land in Gyeonggi Province.
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