Magazine Build a brighter future with 2021 Vol.17 Magazine 2021 Vol.17 www.dgfez.go.kr Promise DGFEZ is heading towards a brighter future where more success awaits. DGFEZ has established itself as a role model in the innovation ecosystem to rise as an innovation platform in the post-COVID-19 era, which generates a new growth engine for Korea, and it is now for Success expanding the economic territory of Korea as a global bio hub. The bio industry is a part of the three key next-generation industries Let your dreams come true at DGFEZ that the government is developing along with non-memory semiconductors, future vehicles, and DGFEZ is transforming the crisis of Leading to your business’s success COVID-19 into an opportunity through the consistent establishment of infrastructure for the bio industry. DGFEZ has focused on attracting the best universities and research institutes in the country, and the major enterprises within the relevant fields to build its foundation, and DGFEZ has already established itself within the bio industry, a promising industry for the future which has been recognized for its superior value beyond the semiconductor industry. DGFEZ has successfully built an ecosystem where innovation is achieved through industry-academia collaboration, and the development is only accelerating. The four districts consisting of Sinseo Meditech District, Gyeongsan Knowledge Industry District, Pohang Fusion Tech District, and Yeongcheon High-tech Park District form the core of the bio industry cluster, and the future of bio is bright with DGFEZ. www.dgfez.go.kr Greetings from DGFEZ, your partner for success. I am DGFEZ Commissioner Sam Ryong Choi. First of all, I would like to express gratitude for the continued affection and interest in the DGFEZ magazine from the industrialists, investors, and affiliates of relevant supporting institutions here at home and abroad. We hope that you can once again enjoy the appeal of DGFEZ through the vision and values of the Daegu- Gyeongbuk Free Economic Zone (DGFEZ) through our magazine’s 17th issue for the first half of 2021. The Daegu-Gyeongbuk Free Economic Zone Authority was established in 2008, and it is currently designated and operating in 8 districts throughout the Daegu, Gyeongsan, Yeongcheon, and Pohang regions, and it is drawing attention as a support base for new future global industries to lead the way in the Fourth Industrial revolution in the Daegu-Gyeongbuk region. Due to the unforeseen impact of COVID-19 last year, the entire world economy suffered a crisis, and many companies have suffered as a result. This crisis is still ongoing but a new era has arrived as a result of experiencing various changes in our lives due to COVID-19, and this crisis created other opportunities and the global enterprises are preparing for the establishment of an era of innovation for the new normal. We also intend to quickly adapt and respond to current circumstances, and the company activities within the Daegu-Gyeongbuk Free Economic Zone (DGFEZ) such as innovative organization restructuring, reconfiguration of vision and strategy, pioneering overseas market through expansion of video export conferences, the establishment of post-COVID-19 counterstrategy, and the establishment of a global bio cluster to lead K-bio are building a new liberal era. We will continue to build an optimal business environment and develop custom space for domestic and foreign companies to lead the way in the vitalization of the local economy and development of new industries through guaranteeing freedom in company activities, creating jobs for the younger generation, etc. The Daegu-Gyeongbuk Free Economic Zone Authority will serve as ‘Energy’ and ‘Dream’ for the resident enterprises and serve as the ‘Path’ towards the future for the Daegu-Gyeongbuk region. We will promise you success within DGFEZ. We are hoping for your continued interest and support. Thank you. Commissioner of the Daegu-Gyeongbuk Free Economic Zone Authority Sam Ryong Choi Magazine 2021 Vol.17 Contents The Vision Our Values Variations 25 06 20 32 Headline Infographics Incentive Pohang Fusion Tech District rising as a ‘Bio cluster’ DGFEZ, a differentiated global free Your partner for success : DGFEZ Result of proactive corporate attraction strategy of DGFEZ economic zone, its evolution and growth in 34 10 summary Cooperation Focus 22 DGFEZ, an optimal location for Foreign - invested companies are gathering in Suseong 06 industry-academia collaborative Medical District 26 Partners R&D 14 News on DGFEZ resident businesses 36 Lotte Shopping Town, INCORE Co., Inside Ltd., Samick THK Co., Ltd., Nakyung Co., Ltd., KeonBaek Co., Ltd., Seowon Smart living A new semiconductor material company is joining the Yeongcheon Industry District Tech Co., Ltd., CM A Global Co., Ltd. Enjoy smart life in Daegu- Gyeongbuk region Investment agreement for expansion worth KRW 28 billion with 26 two enterprises 38 16 DGFEZ News DGFEZ related news Contact free tour Zoom In Explore every inch of Daegu- Achieved success of having the highest number of selected Gyeongbuk region institutions 38 Look into 2021 Free Economic Zone Innovation Ecosystem Construction Project Issue No. 17 Date of Publication July 2021 Publisher Sam Ryong Choi Publishing Entity The Daegu-Gyeongbuk Free Economic Zone Authority Address F5~6, Daegu Textile Complex, 227, Palgong-ro, Dong-gu, Daegu Metropolitan City, 41028, South Korea Subscription and Inquiries Promotion and Strategy Department of the Daegu- Gyeongbuk Free Economic Zone Authority +82-53-550-1500 Promise for Success By challenging ourselves and through innovation, we have developed into a city with You can also access the magazine as an e-book a global business center. DGFEZ has established itself as a platform for corporate on the website of The Daegu-Gyeongbuk Free Economic success, and there are values and visions for you to realize within DGFEZ. 17 Zone Authority(www.dgfez.go.kr). Pohang Fusion Tech District rising BIOPHAMMER Co., Ltd. enters the global market for as a ‘Bio cluster’ developing new pharmaceuticals Result of proactive corporate attraction strategy of DGFEZ The Daegu-Gyeongbuk Free Economic Zone Authority has concluded an MOU with BIOPHAMMER (CEO Won Mook Kim), a medicine and Pohang Fusion Tech District located at Daeryeon-ri and Iin-ri in Heunghae-eup, pharmaceutical research and development company, and the city Buk-gu, Pohang-si (1.48 million ㎡) is rising as the forward base of the ‘Bio cluster’. of Pohang this past April. As a result, BIOPHAMMER will invest KRW Four prominent bio enterprises have concluded investment agreements with the 46 billion in the area of 20,400㎡ within Pohang Fusion Tech District to build a factory for the development of new drugs using bentonite, Daegu-Gyeongbuk Free Economic Zone Authority and announced their intent to manufacturing pharmaceutical ingredients, and will hire 25 new move into the district in 2019 alone. And this seems to be the result of promotion employees. strategies of the Daegu-Gyeongbuk Free Economic Zone Authority yielding tangible BIOPHAMMER was established in 2019, and it is currently developing a results. new improved drug combining bentonite, a clay mineral from Pohang and Gyeongju region, and drugs based on patented technology transferred from the Korea Institute of Geoscience and Mineral Resources. Through this investment, BIOPHAMMER expects to be able to utilize the drug delivery system (DDS) which controls the delivery and emission of drugs and improves the efficacy of synthetic medicine upon localization of bentonite medicine ingredients, which relies on imports. Pohang Fusion Tech District is rising as a prominent bio cluster with over KRW 400 billion in investment agreements and pledges of hrough this inestment IPAER occupation from 4 bio companies starting in 2019. epects to be able to utilize the drug deliery system DDS which controls the deliery and emission of drugs and improes the ecacy of synthetic medicine upon localization of bentonite medicine ingredients which relies on imports. Current state of bio enterprise investment agreement within Pohang Fusion Tech District Investment amount Name of Date Field (KRW hundred company million) IAPP uly 1 Plant accine ansung une Stem cell 17 oundation anmi une New pharmaceuticals Science Deelopment of IPAER April 1 improednew pharmaceuticals 6 7 with the total construction budget of KRW 31 billion, and it is expected to play a critical role in the eastern coast industry. At the end of last May, ‘Pohang Knowledge Industry Center’, which will serve as a platform for future new growth engines, held its building The opportunity of success for your business is here at DGFEZ! dedication ceremony and announced its official opening. The Pohang Knowledge Industry Center began construction in 2019, with a total project budget of KRW 24 billion, to develop new future industries Join a futuristic city in preparation for the Fourth Industrial Revolution, and to improve vitality in the local economy by creating jobs, etc. The center features a total area where you can enjoy work, life, and leisure of 13,300㎡ and consists of 1 basement level and 6 levels above ground. Floors 1~3 feature residential space specialized for bio companies, and floors 4~6 feature space for ICT/SW, green energy, etc., and this center will build the foundation for the development of the future strategic industry. The Pohang Knowledge Industry Center will serve as a base of Pohang Fusion Tech District, a world-class fusion innovation and growth for the eastern coast bio industry through an R&D technology R&D hub with the development of collaboration between the Bio Open Innovation Center (BOIC), which advanced technology was completed last year, and the Institute of Membrane Protein (project ocation : Daeryeon-ri and Iin-ri in Heunghae-eup, Buk-gu, Pohang-si budget of KRW 45.8 billion), Green Vaccine Demonstration Support Center otal area : 1.48 million ㎡ The Gyeongsangbuk-do Dongbu Office moves into (project budget of KRW 15 billion), etc., and it will continue to establish its Construction period : 2008 ~ 2022 Pohang Knowledge Industry Center to usher in a stance as a base of innovation and growth.