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Okcheon to Develop 2nd Medical Equipment Valley by 2019

According to Yonhap News,

(OKCHEON=Yonhap News) The second medical equipment valley, which will become the growth engine for the southern region of North Chungcheong Province, will be developed by 2019.


Okcheon County announced November 9 that it has finalized the development plan for the medical equipment valley and requested North Chungcheong Province for its approval.

The Chungbuk Development Corporation (CDC) will be in charge of establishing the medical equipment valley on 351,661㎡ of land in Okcheon.

Among the total project cost of KRW 39.7 billion, KRW 9.8 billion will be county and provincial expenses while the remaining KRW 29.9 billion will be issued as public corporation fund by the Corporation.

The initially planned size of the medical equipment valley was 495,000㎡. However, it has been reduced to meet the request of the residents to keep at least 200m distance from the village to protect the settlement environment.

Copyrights Yonhap News. All Rights Reserved.

Source Text

Source: Yonhap News (Nov. 09, 2015)

** This article was translated from the Korean.