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Jinju Bio-Industry

Direction for the development of bioindustry in Jinju

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
  • The core city of Jinju and Gwangyangman Bay(Jeonnam) broad area development project
  • A futuristic industrial city designated as a hub of bioindustry.
  • Has unlimited developmental potential as an integrated urban and rural city
    • Area : 712.84㎢
    • Population : 340,000
    • Status of industries: Manufacturing companies: 964 (Number of employees : 13,086)
    • Industrial Complex : Local industrial complex: 5, Rural industrial complex : 7

Infrastructure

  • Land transportation : Namhae Expressway, Jinju-Daejeon Expressway, National Roads Nos 2. 3. 33
  • Railroad : Gyeongjeon Line
  • Airport : Sacheon Airport (8km), Gimhae International Airport
  • Industrial Complex : Local industrial complex : 5, Rural industrial complex : 7

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: 79) 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 Jinju into 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 the establishment of cooperative system among industry, academy, research and government sectors
  • Establish Gyeongnam Bio Valley
  • Vitalize local economy

Strategies

  • Jinju, Mecca of bioindustry in the 21st century
  • 2000~2004 : Foster startups(Bid21 Center) Foster bio venture companies Technology and research development and pilot product production
  • 2003~2004: Foster growth (Bio Venture Plaza) Scale up production Secure fund, and establish marketing plans
  • 2003~2005: Expand self-reliance (Bio Valley) Independent operation