Osong is located in Cheong-ju City in North Chungcheong Province (Chungcheongbuk-do or Chungbuk), and is increasingly garnering attention for its efforts to build infrastructure and improve R&D based on global standards to drive Korea’s bio-based industries ranging from pharmaceuticals to cosmetics. To this end, the region has established Osong Biovalley, which encompasses state-of-the-art medical R&D, education programs, healthcare and biotechnology to foster the country’s bio-related industries and talent.
Since the 1990s, Chungbuk has continuously promoted its regional development plan by specializing in the bio industry. In 1997, the Osong Biohealth Science Technopolis was designated as a national complex and completed construction in 2008. In 2009, a high-tech medical complex was brought in and the area now emerges as a bio hub.
Osong Biovalley is composed of numerous research and development support institutes, a communication and venture research town, a bio medical center, a health and medical administration town and a bio-health science technopolis 2, all located near the Osong Korea Train eXpress (KTX) Station.
The province now seeks to further promote itself as a bio hub by holding an annual Cosmetics and Beauty Expo featuring industrial exhibitions, business meetings and conferences to showcase K-Beauty, which is currently in the global spotlight for the quality and innovation of its products. Additionally, the Chungbuk is constructing more multi-functional complexes, and developing the area surrounding the KTX station for easier access. It seeks to promote Osong to become a leading bio hub of Northeast Asia by converging research, education, residence, culture, tourism and information service in conjunction with Korea’s administrative city, Sejong. Furthermore, the province is also attracting investment through the Free Economic Zone (FEZ) located near Cheongju International Airport.
Source: Osong Bio Promotion Foundation, Chungcheongbuk-do