Pangyo Techno Valley Archives | Be Korea-savvy
Second Pangyo Techno Valley to Accommodate 1200 Startups by 2022

Second Pangyo Techno Valley to Accommodate 1200 Startups by 2022

SEJONG, Dec. 12 (Korea Bizwire) — The South Korean government has announced plans for a second Pangyo Techno Valley by 2022, which will provide office space to nearly 1,400 businesses at affordable prices to boost promising startup companies. Under the startup complex project plan revealed on Monday, a new industrial complex will be built in addition [...]

South Korea’s Answer to Silicon Valley Sees Rapid Growth

South Korea’s Answer to Silicon Valley Sees Rapid Growth

Gyeonggi Province, Aug. 9 (Korea Bizwire) — Pangyo Techno Valley in Gyeonggi Province is growing rapidly, with annual economic output estimated at 77 trillion won last year. According to data released by the Gyeonggi Provincial Government on Tuesday, more than 1,300 companies had moved into Pangyo Techno Valley, also known as PTV, an industrial complex located [...]

KT to Develop 5G Technology Complex in Pangyo

KT to Develop 5G Technology Complex in Pangyo

SEOUL, March 31 (Korea Bizwire) — Pangyo district in Seongnam city will be developed into a 5G networked model complex by KT. Upon the completion of the Gyeonggi Creative Economy Innovation Center, KT’s support center for ICT venture companies, the company decided to establish a 5G network in Pangyo Techno Valley. KT will also establish facilities [...]

Korean Government to Allow Large Conglomerates to Run Casinos

Korean Government to Allow Large Conglomerates to Run Casinos

SEOUL, Jan. 19 (Korea Bizwire) – The South Korean government announced a plan to create a business friendly environment by revising laws limiting investment this year. According to the plan, two new integrated resorts with casinos, an additional 5,000 hotel rooms and four duty-free shops (three in Seoul and one in Jeju) will be constructed [...]

[Quote] Pangyo to Become Korea’s Silicon Valley…Finance Minister

[Quote] Pangyo to Become Korea’s Silicon Valley…Finance Minister

“South Korean government will nurture Pangyo as a Silicon Valley of Korea, will create a space for industry, academy, and research communities to interact with each other in Pangyo Techno Valley, while forming a fund for dedicated R&D projects.” “We have to create a new success formula in response and that can be found in creative economy. [...]

Korean Student’s Start-up Induces Silicon Valley’s Venture Capital Investment

Korean Student’s Start-up Induces Silicon Valley’s Venture Capital Investment

SEOUL, Aug. 28 (Korea Bizwire) – A Korean start-up venture set up by a university student received a huge amount of capital investment from Silicon Valley venture capitalists. IAMCOMPANY, a firm operating a free education information app “IAMSCHOOL,” succeeded in inducing 1.5 billion won (US$1.48 million) from three venture capital firms. Its app funnels school announcements [...]

Plumline to Set Up DNA Vaccination R&D Center in Gyeonggi Province

Plumline to Set Up DNA Vaccination R&D Center in Gyeonggi Province

SEOUL, Aug. 6 (Korea Bizwire) – A bio-pharmaceutical company armed with DNA-based vaccines and therapies for animals will set up a research center in Pangyo Techno Valley and develop vaccines for horse-related diseases in cooperation with the Gyeonggi provincial government and Hankyong National University. Gyeonggi Province announced on August 3 that it signed an agreement with Plumline [...]