Pangyo Techno Valley Explained

Pangyo Techno Valley (PTV) is an industrial complex in the city of Pangyo, Seongnam, Gyeonggi Province, South Korea. It is also known as the Silicon Valley of Korea.[1] The complex focuses on information technology, biotech, cultural technology and fusion technology. One of the benefits of the diversity of fields and businesses is the maximized growth potential in the field of high-tech technology through exchanges between the companies. The location within a major metropolitan area creates synergy effects because of the proximity to other techno valleys or adjacent knowledge-based infrastructure clusters in the province. The business environment of the PTV is supported by the government of the Gyeonggi Province through the implementation of various support facilities as for examples a R&D center or public support center.[2] [3]

Techno Valleys in Korea are playing an important role in innovation, creating new jobs and as hubs for technology start-ups. They are supported by the government through policy measures as for example tax-cuts, low interest loans or an expansion of the infrastructure.[4] [5]

Construction

Opened in 2011,[6] Pangyo Techno Valley covers an area of about 661,000 m2 in total. The general research site covers about 267,000 m2. This site has direct researching facilities, research developing facilities, and school-work linked researching facilities. The research supporting site covers about 118,000 m2. This site has guest houses, dormitories, a specialized graduate school, and a job training center. There has also been established a Global R&D center that covers about 46,488 m2 (building) and 12,578 m2 (land). It provides e.g. conference and education rooms. The parking lot covers 21,716 m2.[7] [8] [9]

After the success of the Pangyo Techno Valley a second Pangyo Techno Valley is under construction. The second Pangyo Techno Valley covers about 425,760 m2 in total. The first phase is expected to be finished in December 2019. The second phase is scheduled to be completed in June 2019.[10] [11] [12] There are also plans for a third Pangyo Techno Valley that should be implemented until 2022 according to the region's governor. It will be built on a 583,581 m2 site in Geumto-dong, Seongnam, Gyeonggi.[13]

Companies

Economy

The Pangyo Techno Valley also affects the economic development of Pangyo and Bundang significantly.[26] In 2011, when the Techno Valley was established 88 companies had offices in this area. In 2017 already more than 1300 companies were based in the Pangyo Techno Valley, generating over 77.4 trillion Korean Won in sales.22 percent of the province's gross domestic product is generated in the Pangyo Techno Valley.[27] Due to the Shinbundang Line and various other transportation links the techno valley is well connected to Seoul and the Pangyo Station's business district will grow in size.[28] [29]

Transportation

Subway: Pangyo Station[30] is the closest subway station to the Pangyo Techno Valley. Visitors and workers exit through Number 1 and travel for two blocks to reach the Pangyo Techno Valley.[31]

Bus: Pangyo Techno Valley has two different bus stops in front of the valley. The closest bus stop is number '320'. The second bus stop, which is numbered '380' and '4000', is across the road in the valley.

See also

References

  1. Web site: Lee. Suh-yoon. IT firms rushing to hire software developers. The Korea Times. 13 April 2018 . 27 April 2018.
  2. Web site: Characteristics of the Pangyo Techno Valley. Pangyo Techno Valley. 27 April 2018.
  3. News: 웅기(Ung Gi). 최(Choi). 한국판 실리콘 벨리, 판교 테크노벨리 입주 본격화(Korean edition Silicon valley, Pangyo techno valley's move in grow up). 26 June 2013. SBS News. 2013-06-12.
  4. Web site: Lee. Hyun-jeong. Techno valley -- Korea's start-up hub. The Korea Herald. 15 July 2016 . 27 April 2018.
  5. Web site: Yonhap. Korea nurtures 2nd Pangyo techno valley. The Korea Herald. 11 December 2017 . 27 April 2018.
  6. News: [Weekender] Techno valley -- Korea's start-up hub]. The Korea Herald. 15 July 2016.
  7. Web site: Pangyo Techno Valley. K-Startup Grand challenge 2018. 26 April 2018.
  8. Web site: Global R&D Center. Pangyo Techno Valley. 27 April 2018.
  9. Web site: Pangyo Techno Valley Overview. Pangyo Techno Valley. 27 April 2018.
  10. News: Park. Sungmin. The future of Korea's Silicon Valley. JLL. 24 January 2018 . 27 April 2018.
  11. Web site: Chung. Sean. Second Pangyo Techno Valley to Be Built at the Cost of $650 Mil.. The Korea Bizwire. 26 April 2018.
  12. Web site: YonHap. Korea nurtures 2nd Pangyo techno valley. The Korea Herlad. 11 December 2017 . 26 April 2018.
  13. Web site: Hong. Jong-sun. Lee. Eun-joo. S. Korea's new tech valley to be built in the innovation cluster in Pangyo by 2022. Pulse by Maeil Business News Korea. 26 April 2018.
  14. "http://www.abn.co.kr/html/index.html.Nexon."
  15. "http://www.ahnlab.com/kr/site/main/main.do.AhnLab Inc. 경기도 성남시 분당구 삼평동 673번지 (Gyeonggi-do Seongnam-si Bundang-gu Sampyeng-dong 673)"
  16. News: 유미(Yu Mi). 이(Lee). 창립 18주년 안랩, 글로벌 기업 도약 다짐(18th anniversary, Anlab, decided global objective). 26 June 2013. 이데일리 뉴스(E-daily news). 2013-03-14 .
  17. "http://www.chamc.co.kr/html/main.aspx.CHA group.CHA group's official web page"
  18. News: 미래에는 판교신도시! "판교실리콘밸리"(Future is in Pangyo techno valley). 성규(Sung Gyu). 박(Park). 2010-03-31. 이뉴스 투데이(E-news today). 26 June 2013.
  19. "http://navercast.naver.com/magazine_contents.nhn?rid=1499&contents_id=75010.가비아 판교 사옥
  20. News: 소정 (So Jung). 김 (Kim). 카카오 '판교 시대' 열었다 (Kakao opens 'Pangyo Life'). 26 June 2013. 한국경제 (Korea economi). 2012-09-17.
  21. News: 인진(In Jin). 최(Choi). 판교신도시 대한민국 게임메카로 부상 (Pangyo grow up with Korea game's mecca). 26 June 2013. 경향신문(Kyung Hyang news). 2013-05-29.
  22. "Web site: S K C H e M I C a L S . 2013-05-03 . dead . https://web.archive.org/web/20130630184603/http://www.skchemicals.com/kr/main.asp . 2013-06-30 . .SK-Chemical. 경기도 성남시 분당구 삼평동 686번지 (Gyeonggi-do Seongnam-si Bundang-gu Sampyeng-dong 686)"
  23. News: 영수(Young Su). 이(Lee). SK케미칼 판교 사옥 호평(Sk-chemical's pangyo stage going popular). 26 June 2013. 국민일보(Kookmin news). 2013-03-19 .
  24. http://www.skplanet.com/eng/prroom/press_view.aspx?seq_num=175 SK Planet Announces Relocation of Corporate Headquarters to Pan-gyo
  25. "http://www.yuracorp.co.kr/.YURA corporation."
  26. News: 은정(Eun Jung). 오(Oh). 신분당선, 테크노벨리 우리 지역에 미치는 영향은?(What will happen when Shin Bundang line and Pangyo Techno Valley start race?). 26 June 2013. 내일뉴스(Naeil-news). 2011-10-01.
  27. Web site: Lee. M.H.. South Korea's Answer to Silicon Valley Sees Rapid Growth. Korea Bizwire. 27 April 2018.
  28. News: Park. Sungmin. The future of Korea's Silicon Valley. JLL. 24 January 2018 . 27 April 2018.
  29. News: 수아(Su A). 문(Moon). 신분당선 개통, 주변 부동산시장 숨통 트이나(Sin-Bundang line will effect on commercial supremacy). 26 June 2013. 건설경제 뉴스(C-news). 2011-10-31.
  30. "pageID=/dxline/dxline1.jsp&open_main=1&open_sub1=3&open_sub2=0."(http://www.shinbundang.co.kr/img/dxline/bg_dxline2.gif)Pangyo station. Since 2011. "판교역 신분당선(Pangyo Station. Shin Bundang line)"
  31. News: 특집기획팀(special issue plan team). 판교테크노밸리, 창조경제 신호탄 쏜다(Pangyo Techno Valley start creative economy system). https://archive.today/20130628032552/http://realestate.joinsmsn.com/news/read.asp?pno=109897&ref=naver. usurped. June 28, 2013. 26 June 2013. 중앙일보(Jung Ang news). 2013-06-24.

External links

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