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Construction of Cheongju Technopolis to begin in March Next Year

(CHEONGJU=NEWSIS) The construction of the Cheongju Technopolis, which is popular among potential tenants, will begin early next year.

According to Cheongju City on September 8, the land compensation rate for the Cheongju Technopolis reaches 80 percent. The City plans to complete the compensation by October.

When the construction completes in 2017, more than 3,300 multi-unit dwellings and industrial facilities (530,000㎡) will be established in the complex. Cheongju expects the complex will create 5,800 new jobs.

The Cheongju Technopolis is established on 1,527,575㎡ of land in Oebuk-dong, Songjeol-dong and Hwagye-dong, Heungdeok-gu, Chueongju. The shareholders of the complex include Cheongju City, Daewoo Engineering & Construction, Korea Development Bank and Shin Young Co., Ltd.

Source Text

Source: Newsis (September. 05, 2014)

** This article was translated from the Korean.