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]
- ^ Lee, Suh-yoon (13 April 2018). "IT firms rushing to hire software developers". The Korea Times. Retrieved 27 April 2018.
- ^ "Characteristics of the Pangyo Techno Valley". Pangyo Techno Valley. Retrieved 27 April 2018.
- ^ 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.
- ^ Lee, Hyun-jeong (15 July 2016). "Techno valley -- Korea's start-up hub". The Korea Herald. Retrieved 27 April 2018.
- ^ Yonhap (11 December 2017). "Korea nurtures 2nd Pangyo techno valley". The Korea Herald. Retrieved 27 April 2018.