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Jinju Bio Industry Foundation

Direction for the development of bioindustry in Jinju

The Korean Government (Ministry of Commerce, Industry, and Energy) supports Jinju as a hub of biology industry technology innovation.

  • Designation Date : Dec. 1, 2000
  • Government support : 5 billion won (For 2000~2004)
  • Designated fields: Biological and chemical material industries

Status of support

Local characteristics

  • The center of knowledge, environment and culture in Gyeongnam
  • Development project for the core city of Jinju and Gwangyangman Bay(Jeonnam) broad area
  • A futuristic industrial city designated as a hub of bioindustry.
  • Has unlimited developmental potential as a city that has integrated urban and rural areas.
    • Area : 712.84㎢
    • Population : 351,000
    • Status of industries : Manufacturing companies 1,191 (Number of employees 15,889)

Infrastructure

  • Land transportation: Namhae Expressway, Jinju-Daejeon Expressway, National Roads Nos 2. 3. 33
  • Railroad : Gyeongjeonseon Railway(KTX)
  • Airport : Sacheon Airport (8㎞), Gimhae International Airport

Local conditions

Center of knowledge, transportation, and logistics (Jinju↔Daejeon, Coastal Expressway, Sacheon Airport), clean environment, abundant biological resources, and many bio venture companies(Environmentally friendly biology related companies 74); An excellent R&D base (4 universities, 4 research centers, many research personnels research results, and research equipment and facilities); strong will of the local government.

Vision

  • Nurture and enable Jinju to develop into the Mecca of bioindustry through biotechnology innovation

Objectives

  • Establish experimental production infrastructure necessary for the development of biological and chemical materials
  • Nurture bio venture companies through establishment of a system for cooperation among industry, academia, research and government sectors
  • Establish Gyeongnam Bio Valley
  • Vitalize local economy