A group of dignitaries including Director-General Chung Dong-chang for 

the Regional Economic Policy of the Ministry of Trade, Industry, and Energy, 

and Daegu Mayor Kim Bum-il, Reps. Hong Ji-man, and Hong Ui-rak and 

others, cut the tape to open the new office building for KICOX in Daegu 

during a ceremony to celebrate the relocation of the Korea Industrial Complex 

Corp. from Kuro-dong, in Seoul.

The Korea Industrial Complex Corp.(KICOX) held a ceremony to open its new head office in Daegu on Feb. 19 to open the new age for the KICOX.

 The ceremony signaling the opening of the brand new expanded operation for the age-old  took place with some 400 officials and local residents led  by  Mayor Kim Bum-il, Director-General Chung Dong-chang of the Ministry of Trade, Industry and Energy Regional Economic Policy, Reps. Hong Ji-man, Hong Ui-rak, and Chairman Paik Man-doo of the Korea Industrial Complex Managers Association and residents of the region, among others.

 President Kang Nam-hoon said at the ceremony that this year is the 50th year since the creation of an industrial complex and the opening of the Daegu age for KICOX mean a new momentum for  KICOX will create creativity-fusion industrial complexes to become a leader for the Creative Economy. KICOX will be reborn as a clean industrial complex manager with its relocation to Daegu always loved by the regional society it is located and trusted by the people all over the country, President Kang said.

KICOX declared the KICOX2020 Vision pledging to see that the number of resident companies in the complex would reach 100,000   by 2020 with 1.5 million employees targeted to be working at the industrial complexes under KICOX’s objectives to make the industrial complexes to integrate industry, technology,  and culture as the creator of the industrial complexes.

 KICOX set up in 1964 with its responsibilities to develop industrial complexes, and their management and industrial activities of the companies located inside the complex for the sake of the national economic growth as a semi-government organization directly under the supervision of the MTIE employing some 600 employees.

 Under the KICOX supervision are such industrial complexes as Seoul Digital, South-East, Banwol-Shihwa, Kumi, Changwon, Yeosu, and others totaling 52 around the country, executing such duties as the expansion of high-tech and fusion industrial complexes, the construction of creative and reform oriented industrial clusters and providing support to resident plants to growth further by building new management systems, among others.

 The new office building in Daegu is made of a basement, and 10 stories above the ground on a land space of 16,500 sq. meters and a total building space of 22,778 sq. meters built at the cost of 46.1 billion won. The building is equipped with special solar energy power generators, earth heat installations, LEG lighting facilities, among others to keep down energy use expenses.

 The construction of the building began in December, 2011 and completed it in November, 2013 and KICOX moved into the new building in January form Kuro-dong in Seoul and officially opening the new office building on Jan. 27.

 At the ceremony to open the new office, KICOX declared the KICOX2020 Vision pledging to see that 100,000 resident companies inside the industrial complexes run by KICOX by 2020 with 1.5 million employees targeted to be working at the industrial complexes under KICOX’s objectives to make the industrial complexes to integrate industry, technology,  and culture as the creator of the industrial complexes.  

A view of the new building in Daegu where KICOX 

has moved in.(Photos:KICOX: article by SK Lee)