Dedicated
to the future-oriented industries of the 21st century, Daedeok Valley
will create an ideal environment for locating foreign corporations
and their expatriate personnel
Overview of the Daedeok
Techno Valley Development Project
- Location: The Tamnip, Yongsan,
Gwanpyeong, and Songgang suburban districts of Yuseong-gu, Daedok
City
- Area: Some 4.2 square kilometers
and a further 0.8 square kilometers under phase I of the development
- Development period: From
2001 to 2007. Phase I: 2001 to 2003
- Developer: Daedeok Techno
Valley Co., Ltd.
¡Ø About the
Developer
- Daedeok Techno Valley Co., Ltd.
is a consortium formed among the following private and public
sector concerns
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Hanwha Group: Funded 65 percent
of the total investment (32.5 billion Korean won, or US$27
million)
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Daejeon Metropolitan City: A
stakeholder of 20 percent of the Development Company after
committing 10 billion Korean won (US$8.34 million). Providing
administrative assistance to Project, particularly in area
of land acquisition
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Korea Development Bank: Contributed
7.5 billion Korean won (US$6.25 million) for a 15 percent
stake. Has granted the Project low-interest loans worth a
total of 110 billion Korean won (US$92 million)
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¢¡
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The Company has been one of
Korea's leading examples of private and public sector cooperation.
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1.
Daedeok Techno Valley's Strategic Location
- The Techno Valley is located 150
kilometers from Seoul and is accessible to every corner of the
country within two hours through the excellent system of expressways
that serves the region
- With the completion of the High
Speed Railway, the traveling time to Seoul will be reduced to
one hour
- The Valley is one kilometer from
Daedeok Valley IC and two kilometers from Sintanjin IC
- Flying time to Seoul is just one
hour via close-by Cheongju Airport
2. Support
Facilities
- Research: Nearby Daedeok Science
Town with its 70 research institutes powered by 16,000 highly
creative minds
- Educational: Eight prominent universities
including Korea Advanced Institute of Science & Technology
(KAIST)
- Administration: National Government
Complex, Daejeon Metropolitan Hall (nearby)
3. Development
Plan by Zone
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Category
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Area
(§´)
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Composition
Rate
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Industrial
Zone
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1,490,248
|
36%
|
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Residential
Zone
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743,802
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17%
|
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Commercial
Zone
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175,207
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4%
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Leisure
Zone
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487,603
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11%
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Public
Facility Zone
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1,342,479
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32%
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Total
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4,239,339
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100%
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¡¶ Map ¡·
4. Accommodating
Foreign Investors in Daedeok Techno Valley
- A residential area has been set
aside for foreign corporate personnel and their families with
the Techno Valley
- Adjacent to the residential area
will be a guest house, leisure and commercial amenities
- A one-stop administrative assistance
center will be built inside the Techno Valley
- A fully accredited international
school will cater to the educational needs of the children of
foreign personnel. The School will all offer all grades from kindergarten
through to senior high school
[Source: Daejeon Metropolitan City]
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