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Buyeo County to Get its First Industrial Complex

According to Yonhap News,

(BUYEO=Yonhap News) Buyeo County, Chungnam's only region without an industrial complex, will finally get a 440,000㎡ industrial complex to help attract more companies to the area.

According to the Liberty Korea Party Congressman Jeong Jin-seok, the project to build an industrial complex in Hongsan-myeon, Buyeo was selected after making it through the Ministry of the Interior and Safety's Local financial investment evaluations.

As a result, the county will receive a total of KRW 74.2 billion (KRW 25.8 billion in national expenditure, KRW 19.4 billion from the provincial development corp. KRW 29 billion from the county) to build the 439,278㎡ industrial complex in Hongsan-myeon.

Buyeo is the only region out of the 15 cities and counties in the province of Chungnam to not have an industrial complex because of the county's agricultural, cultural and historical sites that come with development restrictions.

As a result, the county is facing difficulties in attracting companies. Even the existing 5 agro-industrial complexes do not have space for the companies that are wanting to move to the region.

Congressman Jeong's first campaign pledge for the general election was to build an industrial complex in the county.

He stated, "Now that the construction project has been finalized, we will work to make sure we can build and parcel out lots simultaneously to attract more companies."

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Source Text

** This article was translated from Korean.

Source: Yonhap News (July 03, 2018)


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