Pohang Techno Park Project is a futuristic project with 520,000 Pohang citizens dreams and hopes to make the steel city Pohang into a high-tech science city. In 2000, it was the first community-driven techno park in Korea, which was formed by the cooperation of 24 industrial, academic, and government in Pohang.
Pohang Techno Park was built on a site of 54,000 pyeong at 601 Jigok-dong, Nam-gu, Pohang City. It is a joint venture of industry-academia-research cooperation by POSTECH (Pohang University of Technology), Pohang Institute of Industrial Science and Technology, POSCO, and other local businesses, Universities, Research centers as a hub for system construction. It's a place to create an industrial technology complex that integrates business incubation, research and development, education and training, information distribution, test production, and enterprise support services. It will also promote technological innovation in the local industry, It is a place where the local economy plays a key role in building the foundations for independent localization.