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MOTIE Renovates Cheongju Industrial Complex

(CHEONGJU=NEWSIS) Cheongju City announced July 9 that the Ministry of Trade, Industry & Energy (MOTIE) has selected 11 old industrial complexes around the country including the Cheongju Industrial Complex to renovate them into innovative industrial complexes.


A total of KRW 618.3 billion will be invested to revamp the Cheongju Industrial Complex for the next ten years (national expenses KRW 106.6 billion, local expenses KRW 73.8 billion, private expenses KRW 437.9 billion).

The Cheongju Industrial Complex will be transformed into a high-tech industrial complex for the first time in 35 years.

The innovation project will be from 2015 to 2020. Four plants at the complex will be relocated or demolished and a healing theme park for workers, houses and industrial history-themed road will be established at the site.

Public facilities including parking lots and cultural and leisure spaces will be built for workers and residents and innovation support center, daycare center and a comprehensive welfare center will be established to meet the welfare of the workers.

Source Text

Source: Newsis (Jul. 09, 2015)

** This article was translated from the Korean.