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According to Yonhap News,
A development project for Gwnagju Science Valley 3 started to speed up owing to an agreement on public contribution fund.
On Aug. 23, the urban corporation in Gwnagju publicly chose Hyundai Engineering Consortium as for a preferred cooperation partner in the project. And the consortium decided to offer KRW 14 bn of the public contribution.
The corporation plans to discuss how and where to use the fund by consulting with the civic society and experts.
Also, it predicts the start of building would be ready by this October when it comes to the whole project.
The Gwangju Science Valley 3 refers to forming an roughly 3.616 ㎡ R&D special zone as as㎡ by investing KRW 1 trillion and 620 billion.
sangwon700@yna.co.kr
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Source: Yonhap News (Aug. 23, 2022)
** This article was translated from Korean.