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KINTEX to Rank 5th Largest in Asia with 2nd Exhibition Center Open in 2011
KINTEX, Korea’s largest exhibition and convention center is emerging as a worldclass exhibition venue with the completion of 2nd center, to be open in september 2011 in Seoul Metropolitan area. Creating 54,508m2 of additional exhibition space, similar to the size of the existing center, it will catapult into the seriously big league, when it will rank fifth in Asia and 35th in the world. With the expansion, KINTEX will offer 108,483 m2 of exhibition space and 34 meeting rooms, 5,000 pax auditorium, 2,000 pax grand ballroom.
Given that KINTEX until now faced some difficulties in hosting major international exhibitions due to the
limited exhibition space, the second center will be expected to provide a key momentum to attract world
renowned fairs such as ITU Telecom World and ITMA (International Exhibition of Textile Machinery).
Meanwhile, the second KINTEX exhibition center will take full advantage of new and renewable energy in a
way that nurtures environment-friendly structures. Of the total budget of 359.1 billion won, 9 billion won will be
used for securing new and renewable energy facilities.
According to the New & Renewable Energy Center, a research unit of the Korea Energy Management
Corporation (KEMCO), new and renewable energy is either generated from existing fossil fuels or converted from
naturally occurring renewable sources of energy such as sunlight, tides, geothermal heat, rainfalls, biomass.
To take the lead in renewable energy initiatives, KINTEX incorporated “geothermal heating pumps” which cool and heat by
using geothermal temperature, “rooftop siponic rainwater” that alternates rainwater into water for landscape trees and heat storage. Also, a “solar collector plate” will be adopted to change solar heat into electric power.KINTEX will also install “high-efficient and low-noise transformers,” “high efficiency reflectors for fluorescent lamps” and “induction lamps.” In addition, KINTEX has plans for energy-enhancing facilities such as the “air conveying energy saving system” which uses the gap of
water temperature, “exhaust heat recovering system”, and “automatic boiler blow-down system” in order to maximize the energy efficiency. The new and renewable energy adoption for the second KINTEX exhibition center is expected to cut energy costs by as much as 1 billion won each year - 200 million won in efficient heating energy operations, 500 million won in green and low energy systems and 270 million won in lower electricity use. The second exhibition center project is also forecast to have a huge impact on the local economy. In Gyeonggi Provincealone, the construction project will increase production by 453.2 billion won, generate new wages of 73.7 billion won, and create jobs for 2,592 people. Nationwide, the estimated figures are 775.4 billion won in new production inducement, 126.6 billion won in wage, and new jobs for as many as 4,608 people. On top of that, KINTEX places its hope on various spillover effects following the completion of the second
exhibition center. In 2015, the fifth year of operation of the second center, KINTEX expects to see an increase of
3.84 million visitors a year. The project is now poised to help generate 1.159 trillion won in increased production,
256.3 billion won in income growth, 48.4 billion won in new tax revenues and 24,145 new jobs over the time
period, having a considerable impact on the local economy. Moreover, when the supporting complex and Hallyu
World around KINTEX are built up, the areas surrounding KINTEX will be developed into a cultural cluster with
various entertainment functions. The areas will house Hallyu World, two commercial facilities, China Town and
an aquarium, a combination that will attract more than 10 million visitors a year after completion of the second
exhibition center.
“With the construction of the second exhibition center, we will accelerate moves to host major int’l exhibitions
and conventions,” said Han Joon-Woo, CEO of KINTEX, adding “Its cutting-edge facilities and green energy
systems will be incorporated into the new center so that KINTEX becomes a front-runner in the int’l exhibition
and convention market.”
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