Mayor Choi calls approval 'an important starting point' for high-tech industrial hub
Namyangju said Thursday it has approved and officially announced a development implementation plan for the Wangseok Urban High-Tech Industrial Complex, marking the start of full-scale construction of the industrial park.
The approval finalizes detailed plans for land use and infrastructure installation needed to advance the project, signaling that the Wangseok complex has moved beyond the planning stage and into active development.
The complex will be built on approximately 1.2 million square meters south of the Wangseok public housing district, with a total project cost of about 1.90 trillion won. The city plans to carry out the project in phases through 2032.
The complex will concentrate companies and research and development functions in future industries including AI, cloud computing and data, biotech and advanced manufacturing. The city aims to build a future industrial ecosystem linking corporate operations, research and industrial activity, and to develop the complex into a new industrial hub for the northeastern Greater Seoul area.
Alongside construction, the city plans to accelerate efforts to attract businesses. It will operate a working-level investment attraction committee with Korea Land and Housing Corp. to identify anchor companies and firms in future industries, and will pursue investment outreach tailored to the needs of individual companies.
Particularly, the city plans to participate in major domestic industry and business events — including the Korea Electronics Show (KES 2026), running from Oct. 13 through Oct. 16 — to promote Namyangju's location, transport links, residential environment and future-industry competitiveness, while identifying potential investors and gauging investment demand.
The city plans to continue customized investment attraction activities based on demand identified through corporate outreach and networking, with the goal of converting interest into actual business commitments.
"This approval of the development implementation plan is an important starting point for establishing the Wangseok Urban High-Tech Industrial Complex as a full-fledged high-tech industrial hub," Namyangju Mayor Choi Hyeon-deok said. "We will actively attract companies that will lead future industries such as AI, biotech and advanced manufacturing, and build a competitive industrial ecosystem where research and development and talent cultivation go hand in hand."
pjh@heraldcorp.com
