Civil Engineering Reference
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benefits including exemption or reduction in acquisition taxes, registration taxes,
and property taxes. In addition, a DAEDEOK Special Fund has been formed to
support stable venture capital investments. Also, full efforts are being exerted in
the expansion of occupancy areas & facilities. We offer further support in the form
of marketing activities so that product development can be transformed into
profits. As a result, venture businesses grew rapidly in the Daejeon area.
Development of high-tech industry due to the growth of venture business gave
rise to changes in the industrial structure of Daejeon. According to the data of
National Statistical Office (2002), the industrial structure of Daejeon shows that
the ratio of manufacturing industry has increased from 12.9 % in 1999 to 13.6 %
in 2000. The changes in industrial structure appear in the business feature of the
transferred firms. Daejeon City, for example, expects to change the composition
rate of industries between traditional industries and IT industries from current 70 :
30 to 40 : 60 in the near future.
Evaluation: Economic Sustainability
The growth of R&D centers in DST is a very important base for future develop-
ment in Daejeon City, the representative high-tech region in Korea. The active
spin-offs and high-tech SME's have had a very positive impact on its economic
sustainability. These developments also had good effects for regional economic
growth and industrial restructuring. In particular, this trend is spreading over the
whole city. This trend is very positive for the sustainable urban growth in terms of
equity to share the development potential in DST with the mother city. The
expected effects of high-tech industrial growth enable local high-tech manpower
from HEI's and R&D centers to sustain their workplaces in Daejeon in the future.
In particular, possible growth of specialized high-tech industry is a positive
symbol for the future competitiveness of technopolis. This is the evidence of
positive evaluation of DST's role for future regional development (Table
4
).
4.2.3 Network and Clustering
Networking: Industry-Academia Collaboration Network
At the initial stage of DST's development, research institutions formed an orga-
nization, that is called 'Daedeok Science Town Association (DSTA)'. DSTA is an
organization promoting mutual friendship and contributing to the development of
DV through regular meetings of chief personnel of research institutes.
4
The
4
The chief managers of 52 institutions in DST are its members, of which about 84% are public
institutions. DSTA has major jobs such as activation of DV, policy formulation for DV
development, formation of research atmosphere, building up international cooperation. Enhanc-
ing cooperation among member institutions, and building ties with local communities are also its
major tasks.
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