Pangyo Techno Valley

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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[edit]

The 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 ㎡ (building) and 12,578 ㎡ (land). It provides e.g. conference and education rooms. The parking lot covers 21,716 m². [6] [7] [8]

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. [9] [10][11] 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 build on a 583,581 m² site in Geumto-dong, Seongnam, Gyeonggi. [12]

Companies[edit]

  • ABN (Arem Broadcasting Network)[13]
  • AhnLab Inc,[14] founded in 1995, is a security software provider in South Korea. AhnLab means 'Ahn-laboratory' and was constructed by Ahn Cheol-soo. Today AhnLab sells computer software such as antivirus software, online security software for online games and the Mobile Web.[15]
  • CHA group consortium[16] 'CHA group' is a hospital and R&D group for human health sciences. 'CHA' was named after its owner's first name.[17]
  • Gabia Inc,[18] Internet domain registrar and hosting provider in South Korea.
  • Kakao, a mobile app and Internet website developer [19]
  • Nexon, a video game developer and publisher[20]
  • Paymentwall, a global payment service and technology provider.
  • SK-Chemical [21] was constructed by SK Group in 1976. SKC is now a chemical-research company in Korea. SKC requires 'green chemicals' and 'life sciences' for the health of humanity.[22]

Economy[edit]

The Pangyo Techno Valley also affects the economic development of Pangyo and Bundang significantly.[25] 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. [26]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. [27] [28]

Transportation[edit]

Subway: Pangyo Station [29] 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.[30]

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.

Pangyo Techno Valley Festival[edit]

Pangyo Techno Valley Festival
Genre Electronic music
Dates October
Location(s) Pangyo Techno Valley, South Korea
Years active 2014

The electronic music festival Pangyo Techno Valley was first held in 2014.[31]

Pangyo Techno Valley Festival Incident[edit]

On October 17, 2014 at the 1st Pangyo Techno Valley Festival, tragedy struck during a concert. Despite repeated safety warnings, a group of participants climbed on top of a ventilation grate to obtain a better viewing of the stage. The grate, covering an underground parking lot 10 metres (33 feet) down, gave way under the sheer weight of roughly 20-30 additional bodies. According to BBC News, 16 people were killed with an additional 11 injured.[31][32]

A Mr. Oh identified as an employee of Gyeonggi Institute of Science and Technology worked for one of the festival sponsors and handled safety measures, was found dead the morning of October 18, 2014 at the base of a 10-storey building near the venue. He is believed to have jumped to his death in response to the Pangyo Techno Valley Festival incident as a suicide note found at the scene apologized for the death of the victims.[33]

See also[edit]

References[edit]

  1. ^ Lee, Suh-yoon. "IT firms rushing to hire software developers". The Korea Times. Retrieved 27 April 2018.
  2. ^ "Characteristics of the Pangyo Techno Valley". Pangyo Techno Valley. Retrieved 27 April 2018.
  3. ^ 웅기(Ung Gi), 최(Choi) (2013-06-12). "한국판 실리콘 벨리, 판교 테크노벨리 입주 본격화(Korean edition Silicon valley, Pangyo techno valley's move in grow up)". SBS News. Retrieved 26 June 2013.
  4. ^ Lee, Hyun-jeong. "Techno valley -- Korea's start-up hub". The Korea Herald. Retrieved 27 April 2018.
  5. ^ Yonhap. "Korea nurtures 2nd Pangyo techno valley". The Korea Herald. Retrieved 27 April 2018.
  6. ^ "Pangyo Techno Valley". K-Startup Grand challenge 2018. Retrieved 26 April 2018.
  7. ^ "Global R&D Center". Pangyo Techno Valley. Retrieved 27 April 2018.
  8. ^ "Pangyo Techno Valley Overview". Pangyo Techno Valley. Retrieved 27 April 2018.
  9. ^ Park, Sungmin. "The future of Korea's Silicon Valley". JLL. Retrieved 27 April 2018.
  10. ^ Chung, Sean. "Second Pangyo Techno Valley to Be Built at the Cost of $650 Mil". The Korea Bizwire. Retrieved 26 April 2018.
  11. ^ YonHap. "Korea nurtures 2nd Pangyo techno valley". The Korea Herlad. Retrieved 26 April 2018.
  12. ^ 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. Retrieved 26 April 2018.
  13. ^ "[1].Nexon."
  14. ^ "[2].AhnLab Inc. 경기도 성남시 분당구 삼평동 673번지 (Gyeonggi-do Seongnam-si Bundang-gu Sampyeng-dong 673)"
  15. ^ 유미(Yu Mi), 이(Lee) (2013-03-14). "창립 18주년 안랩, 글로벌 기업 도약 다짐(18th anniversary, Anlab, decided global objective)". 이데일리 뉴스(E-daily news). Retrieved 26 June 2013.
  16. ^ "[3].CHA group.CHA group's official web page"
  17. ^ 성규(Sung Gyu), 박(Park) (2010-03-31). "미래에는 판교신도시! "판교실리콘밸리"(Future is in Pangyo techno valley)". 이뉴스 투데이(E-news today). Retrieved 26 June 2013.
  18. ^ "[4].가비아 판교 사옥
  19. ^ 소정 (So Jung), 김 (Kim) (2012-09-17). "카카오 '판교 시대' 열었다 (Kakao opens 'Pangyo Life')". 한국경제 (Korea economi). Retrieved 26 June 2013.
  20. ^ 인진(In Jin), 최(Choi) (2013-05-29). "판교신도시 대한민국 게임메카로 부상 (Pangyo grow up with Korea game's mecca)". 경향신문(Kyung Hyang news). Retrieved 26 June 2013.
  21. ^ ""Archived copy". Archived from the original on 2013-06-30. Retrieved 2013-05-03..SK-Chemical. 경기도 성남시 분당구 삼평동 686번지 (Gyeonggi-do Seongnam-si Bundang-gu Sampyeng-dong 686)"
  22. ^ 영수(Young Su), 이(Lee) (2013-03-19). "SK케미칼 판교 사옥 호평(Sk-chemical's pangyo stage going popular)". 국민일보(Kookmin news). Retrieved 26 June 2013.
  23. ^ SK Planet Announces Relocation of Corporate Headquarters to Pan-gyo, SK Planet press release
  24. ^ "[5].YURA corporation."
  25. ^ 은정(Eun Jung), 오(Oh) (2011-10-01). "신분당선, 테크노벨리 우리 지역에 미치는 영향은?(What will happen when Shin Bundang line and Pangyo Techno Valley start race?)". 내일뉴스(Naeil-news). Retrieved 26 June 2013.
  26. ^ Lee, M.H. "South Korea's Answer to Silicon Valley Sees Rapid Growth". Korea Bizwire. Retrieved 27 April 2018.
  27. ^ Park, Sungmin. "The future of Korea's Silicon Valley". JLL. Retrieved 27 April 2018.
  28. ^ 수아(Su A), 문(Moon) (2011-10-31). "신분당선 개통, 주변 부동산시장 숨통 트이나(Sin-Bundang line will effect on commercial supremacy)". 건설경제 뉴스(C-news). Retrieved 26 June 2013.
  29. ^ "pageID=/dxline/dxline1.jsp&open_main=1&open_sub1=3&open_sub2=0."([6])Pangyo station. Since 2011. "판교역 신분당선(Pangyo Station. Shin Bundang line)"
  30. ^ 특집기획팀(special issue plan team) (2013-06-24). "판교테크노밸리, 창조경제 신호탄 쏜다(Pangyo Techno Valley start creative economy system)". 중앙일보(Jung Ang news). Retrieved 26 June 2013.
  31. ^ a b "Many dead in collapse at South Korea 4Minute concert". 2014-10-17. Retrieved 2014-10-29.
  32. ^ "(2nd LD) 16 dead as ventilation graft crashes in S. Korean concert". 2014-10-17. Retrieved 2014-10-29.
  33. ^ "South Korea concert planner found dead in Seongnam". 2014-10-18. Retrieved 2014-10-29.

External links[edit]


Coordinates: 37°23′59″N 127°06′23″E / 37.399826°N 127.106507°E / 37.399826; 127.106507