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Pangyo Techno Valley

Districts of SeongnamHigh-technology business districts
Pangyo Techno Valley
Pangyo Techno Valley

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. 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.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.

Excerpt from the Wikipedia article Pangyo Techno Valley (License: CC BY-SA 3.0, Authors, Images).

Pangyo Techno Valley
Daewangpangyo-ro 644beon-gil, Seongnam-si

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Geographical coordinates (GPS)

Latitude Longitude
N 37.399826 ° E 127.106507 °
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Address

대왕판교로644번길

Daewangpangyo-ro 644beon-gil
13494 Seongnam-si
South Korea
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Pangyo Techno Valley
Pangyo Techno Valley
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Bundang-gu
Bundang-gu

Bundang-gu (Korean: 분당구) is the largest and most populous district (gu) of Seongnam, a major city in the Seoul Capital Area, South Korea. Bundang-gu is one of South Korea's wealthiest and highest developed areas, being the nation's first and largest completely artificial city built in the early 1990s. Many high-rise luxury condos moved in the early 2000s, with a second planned city built in the late 2000s called Pangyo in the same district. Apartment prices are the second highest in Gyeonggi-do after Gwacheon and 7th highest nationwide, higher than many central Seoul districts such as Mapo-gu or Jongno-gu. Apartments around Pangyo station and the high-rise luxury condos around Jeongja station and Sunae station rival prices in the most expensive areas in the country. Unlike older cities such as Seoul, Bundang has no telephone poles overground, resulting in a clean cityscape with well-designed streets. Bundang is the headquarters of Korea's leading IT companies such as Naver and KT. Pangyo's Techno Valley is home to the country's leading game, entertainment and technology companies such as KakaoTalk, Samsung Techwin, AhnLab, Nexon, NCSOFT, Webzen and Hancom. Due to its close proximity to Seoul's affluent commercial center, Gangnam District, many residents also commute to Gangnam station via the Shinbundang Line, which takes only 15 minutes from Jeongja station. The Bundang Line subway connects many of the city's popular commercial areas to southeast Seoul, Yongin and Suwon. The city has a well-developed bus network reaching Seoul's central districts in 30~40 minutes due to being located at an intersection of Gyeongbu Expressway and Seoul Ring Expressway. Bundang is home to many Koreans who lived overseas and the European-styled cafe streets serving brunch and pastas in Pangyo Avenue France, Baekhyeon-dong and Jeongja-dong reflect their culture. The city has a high percentage of parks and greenspace, most notably Bundang Central Park and Yuldong Park, which is built around the Bundang lake. Also, there is a jogging course with the 'Tan-cheon stream'. The Bundang's Seoul National University Hospital is among the largest in South Korea.