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Seoul Creates Magok R&D Hub

Posted: Jan. 15th, 2013  |  By Michael Pearse
E-Land

Seoul has designated an area of its Gangseo District as the Magok Industrial Complex. The Magok Complex is an area intended for Korean based companies and hopefully world players as well to set up shop for their R&D departments that will be convenient for young potential researchers getting out of school in Seoul.

The design of E-Land's research and development center that may be set up in the Magok Industrial Complex. Provided by the company

 

The Magok Industrial Complex in Gangseo District, southwestern Seoul, is a new hub for R&D centers.

 

"Magok Industrial Complex will be a 'land of promises' that will lead Seoul's future in the industrial sector", Seoul Mayor Park Won-soon said in a release.

 

The city government hopes the development in Magok will revitalize the relatively sluggish economy of southwestern Seoul.

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