[PANGYO ISSUE] Pangyo Technovalley Weekly News, News from the first week of October

-92% of Pangyo Technovalley companies are in high-tech industry with 109 tril won in revenue

Among 1,697 resident companies in Pangyo Technovalley, 92.1% were in the high-tech industry, and 87.6% were SMEs.

Their last year’s revenue amounted to 109.9 trillion won.

According to the survey conducted by Gyeonggido Business & Science Accelerator and Gyeonggi Urban Innovation Corporation on Pangyo Technovalley 1 and 2 resident companies from April to July this year, there were 1,697 resident companies and 1487 were SMEs, which is 87.6% of the total.

And, 97 (5.7%) were medium companies and 64 (3.8%) were large companies.

In Technovalley 1, 1112 (85.5%) were SMEs, 97 (7.5%) were medium companies, and 62 (4.8%) were large companies. Compared to last year with 1082 (85.9%) SMEs, 91 (7.2%) medium companies, and 58 (4.8%) large companies, the percentage of medium and large companies grew.

In Technovalley 2, 375 of 397 companies were SMEs, taking 94.5% of the whole.

The 2020 revenue of Technovalley 1 and 2 was about 109.9 trillion won, and Technovalley 1 took up 99% with 108.8 trillion won.

The 159 large companies (60.3%) and medium companies (26.9%) in Technovalley 1 accounted for 87.2% of the total revenue.

By industries, 1096 (64.6%) were in IT, 228 (13.4%) were in biotechnology, 220 (13.0%) were in cultural technology, and 19 (1.1%) were in nanotechnology, which makes high-tech companies totaling 1563, taking up 92% of the whole.

The number of full-time workers is 71,967, and the main age group is 49,151 workers in their 30s and 40s, accounting for 72.1%.

Among all employees of Pangyo Technovalley, 24,902 (34.6%) were research personnel, 19,972 (27.8%) were women, and 11,936 (16.6%) were new employees.

Park Jong-il, head of Gyeonggido Future Industry Division, said, “Pangyo Technovalley 1 and 2 will connect with each other to provide a better environment for resident companies. We will continue support to develop Pangyo Technovalley the center of Korean and global techno valley.”

-Naver wins ESG annual report global competition

Naver announced on Oct. 5 that its 2020 ESG (Environmental, Social, Governance) Report and Annual Report have been awarded simultaneously at the global competitions ARC Awards and LACP Vision Awards.

With this, Naver was awarded for two consecutive years in the annual report and sustainability report competition from the highest global authority.

With the 2020 ESG Report first published by Naver this year, Naver won the Platinum at the LACP Vision Awards and the grand award in the Specialized Annual Reports category at the ARC Awards. In particular, Naver’s ESG report was also selected as the 48th global top at this year’s LACP Vision Awards.

The annual report also won the gold medal in both competitions this year. Previously, Naver submitted its annual report to the ARC Awards last year and the LACP Vision Awards in 2019, and won the grand prize and the gold prize, respectively. Last year, it ranked 59th globally at the LACP Vision Awards.

Naver added, “Various contents such as ESG management efforts, financial information, messages from the CEO, and design were faithfully reflected in the ESG report and the annual report, and we were able to win both awards this year.”

Park Sang-jin, Naver’s CFO, said, “I think this is the result of transparent sharing of the values and philosophy that Naver pursues, and the process of promoting growth with our partners. We will do our best to communicate with various stakeholders for the future direction of the company and grow together.”

-Krafton RisingWings globally launches CastleCraft

RisingWings, an independent studio of Krafton, released its new game CastleCraft globally on Oct. 5.

CastleCraft is a mobile real-time strategy game in which the player strategically constructs buildings and produces troops through real-time face-to-face battles to destroy the opponent’s camp and expand the player’s realm.

RisingWings released the first part of the teaser video on the RisingWings’ official YouTube channel. Six models of CastleCraft including Lim Yo-hwan and Hong Jin-ho will reappear following the pre-sales campaign. At the end of the video, a 3:3 play with Lim Yo-hwan, Park Taemin, and Kang Min and Hong Jin-ho, Lim Seong-choon, and Kim Jung Min foreshadows the plan to expand CastleCraft to several competitions.

Kang Moon-cheol, vice president of RisingWings, said, “CastleCraft will provide the fun of traditional RTS and pioneer a new genre of mobile RTS. To expand and continue the fun of the game, we will run events and competitions, and also prepare a policy to support fan competitions.”

-Wemade Tree signs MOU with Gala Games

Wemade Tree signed a business partnership agreement with Gala Games, a blockchain game platform.

Gala Games is a blockchain game platform founded by Zynga co-founder Eric Schiermeyer, and features the players’ direct participation in running the platform. It is servicing various blockchain games, starting with Town Star created by Michael McCarthy, the creative director of FarmVille 2. FarmVille 2 is one of Zynga’s most successful games enjoyed by about 50 million people every month. Currently, Gala Games has about 1.8 million monthly users, and NFT item transactions for the games in service are also being actively performed.

Wemade Tree and Gala Games have decided to seek cooperation in game production and operation and blockchain technology, and especially, it is planning to strengthen collaboration related to NFT items.

Wemade Tree is currently servicing various games, wallets, and NFT markets including Mir 4 Global on its own blockchain platform WEMIX, and will further expand the scalability of WEMIX through this cooperation. This is expected to provide support for the entire blockchain industry which it is running.

Pangyo Technovalley is an innovation hub for global companies comparable to the Silicon Valley in the US, Zhongguancun in China, and STATION F in France. It is an Asia tech hub with 1,259 IT, BT, CT, and NT companies that possess innovative products and technologies. Located just south of the metropolitan area, it provides the best environment for Korean companies to do business with great transportation access and infrastructure.

Various high-tech companies are located in Pangyo Technovalley, and it is occupied by 64,000 full-time employees, many in their 20-30s. In terms of industry, the companies are engaged in information technology, contents technology, biotechnology, and nanotechnology.

With the support of innovative companies with global capabilities such as Kakao, Naver, AhnLab, Krafton, NCSoft, Nexon, and Hancom, companies in Pangyo Technovalley recorded 107 trillion won in sales last year. Investment and infrastructure growth in Pangyo is expected to continue, with the Metaverse hub entering Pangyo this year.

Source: Pangyo Techno Valley Official Newsroom 

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