: This content was created with the support of Yong Eun Construction (CEO Kwak Yong-seop), located in Dalseong-gun, Daegu, to revitalize the local economy in South Korea.

In Dalseong-gun, Daegu, there is DaeguTec, which is the parent company of Israel's IMC Group, one of the largest carbide metal cutting tool groups in the world. In 2006, Warren Buffett's American investment company Berkshire Hathaway acquired an 80% stake in IMC. There is also Irae Automotive Systems, a 50:50 joint venture between Daewoo and Delphi Automotive Systems, the world's largest supplier of automotive integrated system modules. It has proven its superior technology by supplying parts to leading automobile companies not only in Korea but also around the world, and is currently acquired by Shanghai HT Group in China. There is also Korea Delphi, which aims to become a top 10 automotive parts company in the world.

South Korea's President Promises Support for Daegu as Hub City for 'Robots, Mobility, AI, Digital Industry'

The following is the full speech by President Yoon Seok-yeol of the Republic of Korea on March 4, 2024, at the 16th People's Livelihood Debate with the People, on Daegu, a city rising high with cutting-edge new industries.

"The government will boldly support Daegu's revolutionary change." Every time I come to Daegu, I look back on the history of prosperity we have walked. Daegu has played a big role in the development of the Republic of Korea, but it is currently facing many difficulties. In order for Daegu to make a new leap forward, it must innovate its old industrial structure and definitely improve its old transportation infrastructure. 

The government will provide bold support so that revolutionary changes can occur in Daegu. First, we will push forward the construction of the Daegu-Gyeongbuk Integrated New Airport without a hitch and make it a catalyst for innovation in Daegu’s transportation network. In addition, we will redraw Daegu’s industrial map centered on robots and future mobility industries, and support Daegu to make a great leap forward as an AI and big data R&D base. 

First, we will invest 200 billion won in the national robot test field in Dalseong-gun, which passed the preliminary test in August last year. Based on the machinery, metal, and parts industries that Daegu has traditionally excelled in, robots and future mobility will lead Daegu’s industry. We will push forward the construction of the test field without a hitch so that robot-related companies can conveniently develop and demonstrate at the same time in Daegu. 

We will also develop Susung Alpha City into a national digital innovation district and make it a key R&D base leading the convergence of manufacturing and digital. The government will focus on providing support so that large-scale R&D projects related to AI can be studied at the SK Susung Alpha City AI Data Center, which is scheduled to be built at a scale of 800 billion won. We will actively engage excellent researchers and companies from home and abroad in international joint research to open the door to the development of Daegu’s cutting-edge industries. Daegu’s main industries will also become highly competitive by converging with cutting-edge digital technologies such as AI and big data. The southwestern part of Daegu will be developed into a base for the robot and mobility industries, and the eastern part of Daegu into an AI and digital industry base.

Source:  https://www.president.go.kr/president/speeches/vaFKfQPH

Introducing Dalseong, the heart of Daegu's industrial power.
Daegu National Industrial Complex is an industrial complex located in Guji-myeon and Hyeonpung-eup, Dalseong-gun, Daegu Metropolitan City, and is also called 'Daegu Science Park'. It borders Daegu Technopolis to the east, Dalseong 2nd Industrial Complex, Changnyeong Daehap Industrial Complex, and Changnyeong Nexen Tire Industrial Complex to the south. It can be said to be a collection of Daegu Metropolitan City's future food and 4th industry, including autonomous vehicle testing centers and test beds, water industry clusters and water technology certification centers, electric and hydrogen vehicle charging stations, and 5G pilot cities.

As of March 2024, Daegu has 1 national industrial complex, 16 general industrial complexes, 3 urban high-tech complexes, and 4 agricultural and industrial complexes, for a total of 24 industrial complexes.a designated area ( 45,006 thousand m2), resident companies ( 10,018 companies), number of employees ( 115,431 ), and sales ( KRW 389.253 trillion) in 2022. It will build an electric vehicle motor valley, including an electric vehicle motor innovation center, by 2030.
Source:  https://www.daegu.go.kr/eco/index.do?menu_id=00001149

The construction of the 'National Robot Test Field' in Dalseong-gun, Daegu  will be carried out over a period of 7 years from 2024 to 2030 with an investment of 199.75 billion won (1.305 billion won from the state, 5.2 billion won from the city, and 17.25 billion won from the private sector). The construction will be carried out in cooperation with 4 major domestic robot companies (Hyundai, LG, Hanwha, and Doosan) with the project contents of robot verification evaluation technology development, data linkage and utilization technology development, verification infrastructure construction and operation, etc. As Daegu is a city where about 230 robot companies are located, it has the infrastructure of a hub city for the K-robot economy.

Source:  https://www.investkorea.org/dg-kr/cntnts/i-1029/web.do

SK Group is speeding up the creation of a digital industry ecosystem by leading the change in industrial structure centered around Daegu's digital heart, 'Suseong Alpha City', and investing 800 billion won to build a data center by 2027. The core of the digital industry is talent, and Alpha City will foster world-class IT talent and connect them to startups, and the project scale is a whopping 1 trillion won.

Source: https://www.investkorea.org/dg-kr/cntnts/i-2972/web.do

Invest in Blue Ocean, Daegu.

There are 352 foreign investment companies, and the main investment countries are Israel, Japan, the United States, Finland, France, Germany, and Switzerland. 

▷Europe: Peace Valeo (auto parts, France Valeo), Morgan (auto parts, UK Morgan light), SHN (auto parts, Switzerland Rieter), Dassult Systems (software, France)

▷Japan: Samik THK (linear motion bearing, THK), Namyang Metal (Hitachi Metal), Peace Oil Seal (NOK), Korea OSG (OSG), Korea Daepoong (Taiho), Korea Yaskawa Electric, SSLM (Sumitomo Chemical), KNT (Nakamura Tome Precision Industry)

• ▷USA: Emotion (auto parts, Emotion), Korea Gates (auto parts, Gate)
  ▷Others: Irae Automotive Systems (auto parts, China), TaeguTec (cutting tools, Israel IMC Group)

Dalseong-gun, where Daegu's central industrial complex is located, introduces 24 industrial complexes in detail one by one and directly connects industrial complexes with overseas companies seeking investment or exchange .

For inquiries:  Economic and Industrial Affairs  Division 053-668-2641