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Chungnam-do to invest KRW 28 tn to implement 91 strategic projects for economic development

According to Yonhap News,

(HONGSEONG=Yonhap News) On June 17, Chugnam-do held a "Report on a plan for implementation of Chungnam economic development strategy" at the provincial government building.

The strategy contains 92 projects to be implemented over the next decade in 5 goals such as: innovation and balanced growth; participation and creation; cycle and self-sufficiency; inclusiveness and growth; and openness and cooperation.

By region, the Northern part will push for the creation of R&D cluster around Cheonan and Asan KTX stations, while the West Coast part pushes for the designation of special international tourism district for Anmyeon-do.

In the inland part, establishment of an auto replacement parts center, creation of tourism complex in the Western inland, and tourism development in Southern Chungcheong Confucianism area are included.

When it comes to city or county-specific projects, there included are creation of Cheonan Manufacturing Innovation Park, creation of national marine garden in Seosan bay, creation of national defense science and innovation city in Nonsan, creation of hydrogen industry cluster in Dangjin, support for advancement of Guemsan ginseng and herbal medicine, restoration of Baekje royal capital in Buyeo, and the creation of marine bio-cluster in Seocheon.

By the period of implementation, short-term projects to be complete by 2021 include development of electric car wasted battery recycling technology, and establishment of Chungnam business centers overseas, while mid-term projects (2022-2025) include establishment of display innovation process platform, and creation of social economy innovation town.

For longer-term period (2026-2030), 37 projects are determined including construction of Trans-Jungbu railway and attraction of airdrome from private sector in Seosan.

The total expenses to be invested in 91 projects are counted at KRW 28.713 trillion.

Chungnam governor said, "We will implement economic development strategy with an aim of Chungnam abundant with quality jobs, without polarization, and at the center of Korean economy."

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Source Text

Source: Yonhap News (June 17, 2019)

** This article was translated from Korean.


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