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Okcheon Medical Equipment Industrial Complex 2 Designated as Special Complex

The Ministry of Trade, Industry and Energy (MOTIE) designated Okcheon County's 2nd medical equipment industrial complex as a 2018 root industry special complex.

On July 16, the county announced the 71,058㎡ of the 351,661㎡ 2nd medical equipment industrial complex, excluding the medical and food areas, was designated as a root industry special zone by MOTIE.

On March 30, the county applied for the designation and was evaluated by the Root Industrial Development Committee for 3 months before it was finally designated as a special zone.

The root industry, which is the foundation of the manufacturing industry, refers to the sectors that use casting, molding, plastic processing, welding, heat treatment and surface treatment in its manufacturing process or manufacture equipment related to such processes.

Up to last year, MOTIE designated 25 special industrial complexes nationwide in order to strengthen the competitiveness of root companies, and this year it designated 4 complexes including Okcheon.

A root industry special industrial complex is where there is ro will be a concentration of root industry companies.

The county has been actively attracting root companies to the 2nd medical equipment industrial complex for the designation and plans to cooperate closely with Chungbuk-do and Chungbuk Technopark to establish an advanced parts casting and molding support center.

The 351,661㎡ Okcheon 2nd medical equipment industrial complex is planned for completion in 2019, and the current process rate is 50%.

Source Text

Source: Newsis (July 16, 2018)

** This article was translated from Korean.