Page 146 - Are You Future Ready?

and innotech are popular all over the world, together with
cosmetics and skin care products, home appliances, mobile
phones, food, and from clothing to automobiles, all have

driven exports by more than five fold during the period.

Silicon Valley in Seongnam style

PTV was developed at the end of 2004, it is located in
Seongnam of Gyeonggi-do province, only 30 km from
Seoul. The government has invested over ₩100 billion
(over HK$700 million) to build the 66-hectare Pangyo New
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Town (three times the size of the Hong Kong Science Park),

with subways and highways connecting to Seoul and
Incheon International Airport. The development of PTV
was undertaken in three phases and it is currently in the

second phase of development.

Its convenient transportation network has attracted high-
tech departments from large Korean enterprises such
as Samsung, SK, and LG to set up office there. In fact, 8

of the top 10 corporations in Korea, as well as 1,306 IT
companies have offices located in the valley.