Daedeok Innopolis

About Daedeok Innopolis

According to Wikipedia, Daedeok Innopolis, formerly known as Daedeok Science Town, is the research and development district in the Yuseong-gu district in Daejeon, South Korea. The plan to concentrate research institutes and universities was made in 1967, and president Park Chunghee approved subsequent master planning in 1973. Now the district contains over 20 major research institutes and over 40 corporate research centers. There are 232 research and educational institutions to be found in Daejeon, many in the Daedeok region, among them the Electronics and Telecommunications Research Institute and the Korea Aerospace Research Institute. A number of IT venture companies have sprung up in this region thanks to the high concentration of Ph.Ds in the applied sciences. Korea has invested heavily in building up the research expertise for over 30 years, creating long-term research programs. Over 7,000 PhD researchers are in the sciences in Daedeok and it had the most application for patents during 2000–2011 among the National Industrial Complex.