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N.Chungcheong Prov. to form what’s called the 2nd version of Pangyo Valley near Ochang
Date
2020.10.29
Views
334


According to Yonhap News,


North Chungcheong Province unveiled a development plan to form an ICT-bio industry hub, called ‘Ochang Valley’, encompassing both areas near the city of Cheongju and Chungju. The provincial authorities said on Oct 9 the launch of a feasibility assessment which figures out the viability of the proposed target by a group of outsourced researchers.

They’ll conduct a series of research analysis studying business performance of locally based enterprises, institutions and research centers, educational environment and R&D capabilities, while setting up a growth strategy to ramp up industry competitiveness in the region.

They also pin down details of implementation by each sector to accommodate Ochang Valley. Based upon the study results set to come out in May, the province is planning to make public the guidelines for the development project.

Osong is a mecca for bio-industry in Korea and Ochang is a hot spot where high-tech and research facilities are agglomerated.


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Source: Yonhap News (Oct 9, 2020)


** This article was translated from Korean.