The subject of this study is the “Changwon general mechanical industrial complex” in Changwon city, Republic of Korea, an improvement project that was completed with exceptional speed. This study aims to contribute useful data and information to those in developing countries who are focused on the balanced development of national territory in the course of industrialization and urbanization. As a result, the following four important points were obtained: first, enhancement of academic research and educational functions; second, strengthening the foundations of small and medium-sized enterprises; third, symbiosis and readjustment of systems of industrialization and urbanization; and fourth, the creation of the dynamism of the new regional formation in all respects.
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