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North Chungcheong Rated Top for Regional Industry Promotion Plan

According to Yonhap News,

(CHEONGJU=Yonhap News) North Chungcheong Province announced on December 25 that it received the highest grade in the Regional Industry Promotion Plan Evaluation conducted by the Ministry of Trade, Industry and Energy three years in a row.

As an incentive for the evaluation, the provincial government receives additional KRW 2.8 billion won of government funding.

With this, the provincial government has secured a total of KRW 29.3 billion for development of regional industries.

North Chungcheong plans to additionally inject KRW 12.6 bilion of provincial funds to foster five strategic industries: biopharmaceutical , semiconductor, electric and electronic components, photovoltaic, and powered machinery parts. The province will also intensively nurture three major economic cooperation industries: cosmetics & beauty, secondary battery, and medical devices.

Projects to implement the regional industrial promotion plan will start in earnest starting February next year.

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Source Text

Source: Yonhap News (Dec. 25, 2016)
** This article was translated from Korean.