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According to Yonhap News,
(CHEONGJU=Yonhap News)
A Bio Industrial Complex will be set up on the site of 29,300 sq. meters in Osong-eup, Heungdeok-gu, Cheongju-si.
On August 13, Chungbuk-do announced that it plans to commence construction in September 2021, as soon as feasibility study and central investment review, and other procedures are finished.
This construction will complete in June 2024.
The province designated and announced the areas including Gongbuk-ri, Sangjeon-ri, and Yeonje-ri as restricted area of development to prevent real estate speculation and reckless development.
A provincial official said, "We will foster Osong as the hub of bio-health industry in connection with Osong High-Tech Medical Complex, Osong 1st and 2nd Bio Science Complex."
ks@yna.co.kr
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Source: Yonhap News (August 13, 2019)
** This article was translated from Korean.