DAEJEON < invest Korea

Daejeon will start the project to create Pyeongchon Industrial Complex in the area of Pyeongchon-dong, Yongchon-dong and Maeno-dong of Seo-gu from next year.

According to Daejeon City Corporation on November 19, it will create an industrial complex on a plot of 859,000 square meters with a budget of KRW 262 billion to create jobs by fostering small and medium-sized enterprises and supplying industrial sites, starting from next year.

The Daejeon City Corporation's project feasibility submitted to the Evaluation Institute of Regional Public Corporation for review has passed in July, and construction of Pyeongchon Industrial Complex is expected to finish 2023, and the project implementation was put to vote for the board of directors. Now the decision procedure at the city council is currently underway and the construction of the industrial site is expected to be complete in 2023.

The Corporation will start compensation in the first half of next year and will begin construction in the second half of next year. The Complex will be composed of 490,000 square meters of industrial facilities and 280,000 square meters of road and public facilities.

"We will create a custom industrial complex to meet demands of the companies in order to enhance sales," said Yu Yeong-gyun, CEO of Daejeon City Corporation. "We will finish construction of the industrial complex and open the access road at the same time for the convenience of the occupying companies."

joemedia@newsis.com

Source Text

Source: Newsis (November 19, 2018)

** This article was translated from Korean.