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Youngdong-gun to form an industry cluster near Hwanggan-myeon

According to Newsis,

Youngdong-gun, North Chungcheong Province announced on Jun. 17 a construction project to form an industrial complex near Hwanggan-myeon in a bid to boost local economy. The cluster seems to go up on a 306,000㎡ site new Hwanggan-myeon with KRW 58.9 billion. The construction project is scheduled to be over by the end of 2025.

Going through a course of research work to examine whether the project is commercially valid prior to the project, the authorities plan to attract businesses particularly in food and beverage industry. Once the cluster is in full operation, it’s highly anticipated to create a synergy effect, coupling together nearby Hwanggan logistics center.

Boasting its lower property prices and geographical advantages, Youngdong-gun is set to form the second industry cluster. Youngdong industry cluster, which opened in November 2011, reached the occupancy rate of 84 percent, attracting 20 more businesses. Targeting a full tenancy this year, they’re working out helping enterprises move into the community.

Source Text

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Source: Newsis (Jun. 17 , 2020)

** This article was translated from Korean.