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Gyeonggi-do Aims to Create 20 Business Clusters and Support 3,000 Startup Companies

AsiaTechDaily

By 2026, about 132,000 square meters of startup space will be created to develop various local industries. Combined with the 300 startups in an area of about 33,000 square meters in the first Pangyo Techno Valley, 3,000 startups will be provided with business space in a total area of 660,000 square meters.

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Pangyo Techno Valley Emerges as a Global Biotech Hub

AsiaTechDaily

Although many startup companies in Korea are struggling, the bio-industry shows growth in developing digital treatments and pharmaceuticals. According to the Korea Health Industry Development Institute and Evaluate Pharma, a British market research firm, the global gene therapy market is worth about $7.47 billion by 2026.