FOODPOLIS is expected to bring significant economic growth, creating 23,000 employment opportunities and an estimated 4 billion dollars added to the Korean GDP.
Direct impacts include 3.2 billion dollars in added production value and 14,000 new jobs based on economic activity in the various industrial and research facilities. Indirect impacts include the construction activity, generating approximately one billion dollars in activity and 9,000 new jobs.
FOODPOLIS will increase the value of the food industry overall by creating a more advanced industrial structure and enhancing global competence and competitiveness.
With R&D firmly at the center, FOODPOLIS will enable businesses to scale up quickly and provide consumers in the region with top quality foods that are certified as safe and delicious.
This will create a virtuous circle of economic activity that not only drives growth and profits for corporations, but also supplies increasing household incomes and promotes the local economy.