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 : 712.86㎢
  • Population : 352,000
  • Status of industries : Manufacturing companies 1,232 (Number of employees 15,854)

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