Feasibility study of Korea biocluster with real estate perspectives

Globalization has created a dynamic and rapidly changing marketplace. A business must move quickly to capitalize on the changing environment. For example, many global biotechnology firms are seeking new geographical locations as part of their strategy to expand their business. Korea's biotechnology reputation and prospects as a potential site for biotech businesses is attracting increase attention. The Yeongjong Project is one choice. For the ongoing development of Korean bioclusters, this study will demonstrate potential and the attractiveness of Korea's biocluster sites, which may help international biotechnology firms relocate and reposition in Korea. Biotechnology is an umbrella term so this study identifies what the biotechnology and biotechnology industry are, as well as its characteristics and risks. Secondly, the biotechnology market will be analyzed both globally and domestically to understand the industry trend. This paper compares successful international bioclusters such as Tuas Medical Park in Singapore and University Park at MIT in the U.S, along with Korea's Wonju Medical Valley and Daedeok Techno Valley. This study explains different innovations and success factors, and characteristics of each cluster and whether the success factors are applicable to the Yeongjong Project. Finally, this thesis will identify the area and its characteristics suitable for a biocluster and propose appropriate product types through market feasibility.

Department dc:contributor.department

Massachusetts Institute of Technology. Center for Real Estate

Grantor dc:publisher

Massachusetts Institute of Technology

Year dc:date.issued

2008

Author dc:creator

• Choi, Junghun

Advisor dc:contributor.advisor

• Brian A. Ciochetti.

• Architecture.
• Center for Real Estate.

Statement dc:rights

• M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.

Licence dc:rights.uri

• http://dspace.mit.edu/handle/1721.1/7582

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/1721.1/58639

OAI identifier oai:identifier

oai:dspace.mit.edu:1721.1/58639