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N.Chungcheong Prov. signed a KRW 260 bln investment deal with SK & Towoo construction

According to Yonhap News,

North Chungcheong Province and the city of Jincheon signed a KRW 260 billion worth of investment deal on Jun. 10 with SK construction and Towoo Construction Co., Ltd for the construction project to form a local industrial cluster in the city district. With high expectation that Chengju city, recently selected to host the synchrotron radiation accelerator, would keep pushing up demand for business clusters in the coming years, the investors unveiled the plan to build out a large-scale business town on a 1,395,000㎡ site near Jincheon-gun until the year 2026.

The local authorities made a pledge of strong administrative support once the construction process moves ahead smoothly.
A city official said “The two constructors involved will play a pivotal role in boosting local economy by prioritizing local hiring and sourcing to push for the project”, adding “We’ll spare no effort to give full support to turn the place into the best place for business.”

Source Text

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Source: Yonhap News (Jun. 10 , 2020)

** This article was translated from Korean.