A Delegation from Uruguay Visits Pangyo Techno Valley to Benchmark Its Best Practices in Smart Cities

A delegation consisting of officials from the Inter-American Development Bank of Uruguay and the Ministry of Strategy and Finance visited the startup campus operated by Gyeonggi Business & Science Accelerator (President Kang Sung-cheon, hereinafter referred to as GBSA) on October 20.

The Uruguayan government, in its pursuit of a smart city project, sought inspiration from Korea’s advanced smart city development approach. This brought them to Pangyo Techno Valley, a renowned industrial hub that champions innovative technologies pivotal for the Fourth Industrial Revolution.

The delegation was composed of ten officials, including Femando Echeverria, President of the Congress of Intentors, Martin Garcia, Director-General for Works of the Authority, and Maria Patricia Benancourt Caballero, Director Innovation Secretariat and Technologies, Guzman Antonio Ifran Cabrera, Director, Strengthening Division institutional.

A GBSA official explained the history of Pangyo Techno Valley, introduced the development process from 1st Pangyo, 2nd Pangyo, and 3rd Pangyo, and explained the roles of public institutions, large corporations, and local governments in smart city construction.

Guzman Antonio Ifran Cabrera, Director, Strengthening Division Institutional of Uruguay’s Ministry of Strategy and Finance, said, “I was particularly impressed by the cutting-edge technologies created in Pangyo Techno Valley and the environment where large companies and startups can utilize these technologies to grow together”.

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