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Investment Area : Daedeok Innopolis

Investment Area : Daedeok Innopolis International-level Living Environment Investment Incentive. Subsidies. business Assistance

Educational background
High-tech research institutes are concentrated in Daedeok Innopolis ranging from IT (Information Technology), BT (Biotechnology), NT (Nano Technology), ST (Satellite Technology) to RT (Radiation Technology).
Status of Daedeok Innopolis (Daedeok Research and Development Special Zone)
Daedeok Innopolis was established in 2005, designed as a premier innovative cluster for enhancing the commercialization of development and innovations generated through the cooperation of industry, academia and research centers. 79 research institutes including 28 government-sponsored research centers, 6 universities and some 900 venture companies are currently occupying the Daedeok Innopolis with an area of 70.2§´'. ETRI (Electronics and Telecommunications Research Institute), based within the Daedeok Innopolis, led the commercialization of CDMA and the development of the DRAM semiconductor. ETRI has also succeeded in developing WiBro (Wireless Broadband Internet) and DMB (Digital Multimedia Broadcasting) Technologies, which are emerging as the next-generation IT businesses. Many research institutes are developing worldclass technologies including the localization of nuclear fuel by the Korea Atomic Energy Research Institute and the development of the satellite ¡°ribyeol¡±by the Korea Aerospace Research Institute. This concentration of research institutes in a variety of fields gives the advantages of synergistic exchange of related information, the utilization of cutting-edge facilities and the transfer of technology. It also enhances cooperation in projects being conducted by research centers in different fields.
In-house agencies

As of Dec. 31, 2007

in-house agencies
Total Research
Institutes
Educational
Institution
PublicInstitution Other
nonprofit
Institution
Companies
Governmen
t-funded
Business
Annex
Governmen
t-Invested
1,021 28 44 7 6 15 23 898
Researchers

As of Dec. 31, 2007

Researchers
Total Research Research Assistants
and Management Staff
Total Ph.D. Degree Master¡¯ Degree Bachelor¡¯ Degree
40,338 18,796 6,800 7,669 4,327 21,542
Future of Daedeok Innopolis
in-house agencies
Year Businesses Foreign Research Institutes Overseas Patent Registrations Sales
2005 824 2 1,659 USD3.4billion
2015 3,000 20 16,000 USD30billion
Daedeok Techno Valley
Daedeok Techno Valley is a cutting-edge industrial complex with high-tech venture businesses leading the way. It was established in 2001 to become thenext-generation growth engine by constructing a strategic industrial cluster in connection with the Research and Development functions of Daedeok Innopolis (Daedeok Research and Development Special Zone). Daedeok Techno Valley, covering an area of 4.27§´ will be equipped with schools, business hotels, multi-purpose sports facilities, parks and residential facilities that can accommodate 33,000 people as well as industrial and commercial areas. With the Daejeon Customs Office moving in and the designation of an integrated bonded area, enterprises within the area will find it fast and convenient to clear customs.
First and Second Phase Development Areas within Daedeok Innopolis
With the designation of the Daedeok Innopolis (Daedeok Research and Development Special Zone), a total of 8 areas covering 5.736§´are being developed in stages. The first-phase development area, Banghyeon-Shinseong-Jukdong Industrial area covering 1.518§´ consists of land for industrial use, industry-supporting facilities, residential use, foreign businesses, etc. The intention is to make the Innopolis a place where education, research and production come together, a ¡®reen City¡¯where nature and human beings become harmonized, and a Complex City where work, play and family life are balaced.
Foreign Investment Zone(FIZ)
In the second phase development areas, Daejeon seeks to attract foreign-invested enterprises and Research and Development centers by constructing foreign investment zones (FIZs) in the fields of IT, BT, and materials, parts and components. We are also constructing a dedicated residential complex for the comfort and convenience of foreigners.
Requirements to occupy the FIZs include businesses with a foreigner investment ratio of 30% or more or with foreigners being the first shareholder. Once cutting-edge foreigner-invested businesses or research institutes occupy the area, mutual cooperation and joint research with existing businesses can be expected, to the great benefit of both.
Daedeok Global Research and Development Center
Established within Daedeok Techno Valley, the Daedeok Foreign Research and Development Center is an integrated facility, housing global businesses and other Research and Development centers. As many as 74 research centers within Daedeok Innopolis as well as about 1,000 venture firms will be a growth engine through joint research and technology transfer. The ETRI-juelich Research and Development Center, the VTT Research and Development Center and the Lyotip Research and Development Center are scheduled to move into the Daedeok Foreign Research and Development Center soon.
1st and 2nd phase Development Project of the Complexes in Daedeok Innopolis
1st and 2nd phase Development Project of the Complexes in Daedeok Innopolis
Phase District Name Area (1,000§³) Major Functions Year possible to be supplied
8Districts 5,736
First Phase Subtotal 1,518
Juk-dong 972 Southern-based Multi-functional Complex
(Production+Research and Development+Commerce+Residence)
1st half of 2009
Shinseong-dong 265 Integrated Complex of Venture Firms
Banghyeon-dong 281 Research and Development and Community Function
Second
Phase
Subtotal 4,238 2nd half of 2009
Shin-dong 1,699 Northern-based Multi-functional Complex
Dungok-dong 2,000 Industrial Facilities and Research
Yongsan-dong 363 Future-type Residential Complex
Jeonmin-dong 176 Research, Community, Culture
Munji-dong 303 Residential and Industrial Facilities