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Background for development

Home > Investment Guidance > CBfez Introduction > Background for development

Central axis of the “Growth engine industry” for the next generation

As a new capital region, Chungbuk is evolving into the central axis of the C Belt and the K Belt, the new centers of national development.

Cluster of new bases of growth: Chungbuk

Clustered within the 80km radius of cheongju of chungbuk is: the Chungbuk Innovation City (Jincheon and Eumseong), the new seat of the Chungcheongnam-do Office, Chungju and Taean Enterprise City, the KTX station areas (Osong, Daejeon, Cheonan Asan, and Gongju), the Hwanghae Free Economic Zone, the Osong High-Tech Medical Complex and other large national projects.

A place of the highest geopolitical importance within and outside the country

Center of the national territory: Chungbuk

The building of the trunk transport network connecting all directions has ensured the highest levels of accessibility in the entire country.

The transformation of inland areas into new industrial areas has resulted in a new strategic position in air logistics: Cheongju International Airport.

  • Due the insufficient freight capacity of Incheon International Airport, Cheongju International Airport has recently been selected among fourteen candidate airports across the country as a replacement, accommodating international flights.
  • The airport has also been selected for a preliminary feasibility study for a runway extension (from 2,744 m to 3,200 m) project, creating increases in the levels of passenger and aircraft demand.

The expansion of the regional transport network has placed Chungbuk at the center of the new capital region.

The highest levels of accessibility across the country and Northeast Asia have rendered it more
feasible to attract outsourcing partners and promote related industries.

The most preferred area for investment among domestic and overseas businesses.

Capable of supplying quality production sites at affordable prices.

Capable of supplying affordable manufacturing sites at the price range of 500 to 700 thousand won.

Offers optimal conditions for industrial infrastructure.

  • Increasing levels of demand for industrial lots due to the steady expansion of the national trunk transport network.
  • Capable of supplying ample industrial water and power.
  • Offers differentiated educational infrastructure.

Offers affordable, amply scalable, quality production lots and surrounding infrastructure.

Forward operating base in the development of new engines of growth

Develop a hub for convergence industries based on an established group of clusters.

  • Chungbuk is an IT cluster covering semiconductors, components and finished products.
  • Obtain initial infrastructure for biotechnology industries based on top six government-controlled agencies including the Osong National Bioscience Complex, the Osong High-Tech Medical Complex, and the Korea version FDA.
  • Has potentials for the development of environmentally friendly industries based on its clean infrastructure.