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Chungbuk to Kick off Construction of Jeungpyeong 2nd Industrial Complex
(JEUNGPYEONG = Newsis) Chungcheongbuk-do is expected to commence the construction of the Jeungpyeong 2nd Industrial Complex in June.

The province plans to invest a total of KRW 123.5 billion (government subsidies of KRW 40.7 billion and private investment of KRW 82.8 billion) in Jeungpyeong 2nd Industrial Complex to develop a 707,022m2 industrial site and attract the electronic parts, computer, sound system, communications equipment, medical, optical and other industries.

The province will commence the construction as soon as it pays compensations in accordance with the results of the land valuation.

It plans to start selling the lands in October, and the province is already swamped with inquiries.

The construction of the complex is expected to complete in December, 2016.

The province is expected to install pipelines for industrial water and access roads for the industrial complex. The installation of the pipelines for 4,045 tons of industrial water will be completed by next December, while the access roads will be constructed this December.

“The Jeungpyeong 2nd Industrial Complex will help the province create more jobs and achieve a balanced development of the region by attracting future-oriented high tech companies,” said an official of the province.

Source Text

Source: Newsis (Mar. 10, 2014)

** This article was translated from the Korean.