CHUNGCHEONGBUK-DO < invest Korea

According to Yonhap News,

Chungju-si, Chungbuk-do, begins to construct the 'Biz Core City Industrial Complex'.

According to Chungju-si on the 29th, as the approval of the industrial complex plan of Chungbuk-do, the industrial complex will be built on a site of 274,222㎡ in Hwagok-ri, Judeok-eup, by 2025.

The total project cost is KRW 458 billion, and the cost will be from Chungju-si (20%), SK Eco Plant (40%), Samwon Industrial Development (28%), and Kyobo Securities (12%), with public-private joint development method.

The industrial complex plans to attract new materials/biotechnology, and electronics/information/communications companies to develop it into a science center cluster in the central inland area.

Chungju is expected to create 1,200 jobs and economic effects of KRW 489.4 billion through the creation of the industrial complex.

jusang@yna.co.kr

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Source: Yonhap News (July 29, 2022)