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Chungbuk to establish a digital innovation base in Ochang, selected by the MSIT

According to Yonhap News,

On May 13, Chungbuk-do announced that it has been selected for "Regional Digital Innovation Base Creation Support Project" orgnized by the Ministry of Science and ICT.

The project is to establish the foundation for the growth platform of digital companies and talent by selecting the regions with high growth potential in the digital ecosystem.

Chungbuk-do plans to invest KRW 9 billion (national fund KRW 6.3 billion and local fund 2.7 billion) along with Cheongju-si and Chungbuk the Chungbuk Innovation Institute of Science & Technology (CBIST) to push for this project centered on the Ochang Science Industrial Complex in Cheongju.

In particular, the province will create a driving force to reinvigorate Cheongju-area as another Pangyo by establishing the mid-to long-term plans starting with this project.

As for specific projects, it will first establish anchor facilities for digital innovation, create an integrated online and offline shared platform between digital demand and supply companies, operate a digital cluster consulting body, and discover local R&BD (Research and Business Development) cooperation projects between industry, academia and research institutions.

In Chungbuk, science and technology infrastructure such as its own Internet Data Center (IDC), Chungbuk IDX Collaboration Support Center, SW Quality Competency Center, Metaverse Support Center, and Blockchain Promotion Center, raising expection of producing so synergy effects with the establishment of digital innovation base.

An official from the provincial office said, "Ochang has been recognized of its digital competitiveness by being selected for this project, adding that "we will provide every support to turn Chungbuk into a driving force for Korea's digital innovation."
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Source: Yonhap News (May 13, 2024)

** This article was translated from Korean.