Gyeonggi Province to Develop 20 Local Industrial Parks

Gyeonggi Province announced on the 24th that it plans to develop a total of 20 local industrial parks within the province by 2007.

According to the province, 14 local industrial parks are currently under construction within the province, and implementation plans are being established for 6 additional sites with the aim to commence construction this year.

Among the 14 industrial parks under development, Pyeongtaek Hyungok (728,000㎡), Hwaseong Balan (1,846,000㎡), Hwaseong Mado (942,000㎡), and Paju Osan (231,000㎡) will be completed by the end of this year, while Paju Dangdong (641,000㎡) and Seonyu (1,313,000㎡) are undergoing final preparations ahead of completion.

Additionally, three parks—Namyangju Geumgok (130,000㎡), Yangju Guam (41,000㎡), and Hwaseong Hwannam (207,000㎡)—are planned to commence construction this year, while Osan Gajang (444,000㎡) began construction in May.

The remaining three industrial parks—Suwon (287,000㎡), Hwaseong Jangan 1 (604,000㎡), and Hwaseong (971,000㎡)—are expected to complete by the first half of next year at the earliest, while Paju LCD Industrial Park (1,696,000㎡) will be completed by 2007.

Six parks—Anseong Songjeong (128,000㎡), Anseong Muneng (263,000㎡), Bucheon Ojeong (291,000㎡), Pyeongtaek Jinwi (499,000㎡), Gimpo Yangchon (1,681,000㎡), and Hwaseong Jangan 2 (615,000㎡)—are currently in the process of establishing implementation plans and are expected to begin construction as early as this year.

The province expects all industrial parks with implementation plans under development to be completed by the end of 2007 at the earliest.

In particular, the province plans to develop three industrial parks—Paju LCD Industrial Park, Paju Dangdong, and Seonyu—as an LCD cluster, while four parks—Pyeongtaek Hyungok and Osan, Hwaseong Jangan 1 and 2—will be developed as dedicated parks for attracting foreign advanced enterprises.

When all 20 industrial parks are completed, the number of local industrial parks in the province will increase from the current 39 (10,734,000㎡) to 59 (24,292,000㎡).

A provincial official stated, "Through the expansion of industrial parks, we plan to attract advanced enterprises from both domestic and international sources and revitalize the regional economy." <Yonhapnews>