Daegu

Medivalley

Location: Daegu Innovation City, Sinseo-dong, Dong-gu, Daegu
Area: 1,030,000 m2 (Daegu Innovation City: 4,216,000 ㎡)
Project period: 2009–2038 (ground preparation: 2009–2013)
Total project cost: KRW 4.6 trillion (national government: 1.1 trillion, local government: 0.9 trillion, private investment: 2.6 trillion)
Land distribution: June 29, 2012
Government institutions: New Drug Development Center, Medical Device Development Center, Laboratory Animal Center, Clinical Drug Manufacturing Center
Local government and private facilities: Communications Center (Daegu City), High-tech Clinical Trial Center, private research institutes, venture center, etc.