October 2013

Invest Here14

Located at the center of Korea,which, in turn, is at the centerof Northeast Asia, theChungbuk Free EconomicZone (FEZ) is a strategic hub

for transportation and logistics. It is withintwo hours of anywhere else in Korea and theair route is also wide open through CheongjuInternational Airport.

The Chungbuk FEZ also has sound infra-structures for the bio, IT and PV industries,accommodating many global and domesticbusinesses at affordable land prices and pro-viding a business-friendly environment.

Based on these infrastructures, the FEZplans to develop an Environment-FriendlyBIT Convergence Business Hub that will span9.08 km2 by 2020. It will consist of three dis-tricts: Bio Valley, Aeropolis and Ecopolis.

Bio Valley: Six state-run medical organi-zations, including the Ministry of Food andDrug Safety and the Korea Centers forDisease Control and Prevention, have movedin to Bio Valley (4.41 km2, Osong-eup,Cheongwon-gun). Other bio-medical facilitiesas well as facilities to support research anddevelopment for five national projects willalso move in.

Bio Valley is the best venue in NortheastAsia for the bio industry, as 59 pharmaceuti-cal and medical equipment companies havesettled in there, including CJ and LG LifeSciences.

All of these advantages will help developnew biologic drugs and nurture the medicalequipment industry through convergence withIT, making Bio Valley a global bio-medicalhub.

Aeropolis: Aeropolis is adjacent toCheongju International Airport, which servesas a hub airport of the central part of Koreaand as a gateway to Sejong City. The district(0.47 km2, Naesu-eup, Cheongwon-gun) willbe developed into a complex for aviationmaintenance, repair and overhaul (MRO).Aeropolis boasts ideal conditions for mini-mizing processing periods and was designatedan industrial complex for aviation mainte-

nance (2009, Ministry of Land, Transport andMaritime Affairs) and an MRO hub (2010,Ministry of Knowledge Economy).Accommodating various companies specializ-ing in aviation, Aeropolis is poised to be acenter of the aviation MRO industry forNortheast Asia.

Ecopolis: Ecopolis (4.20 km2, Gageum-myeon, Chungju-si) has a metropolitan trafficnetwork of expressways, national highwaysand railways, serving as a hub of distributionand logistics industries. It aims to establish awide network including industries, academia,research institutes and the public sector. Tomeet this goal, it has attracted auto parts mak-ers, the Korea National University ofTransportation, which is Korea’s only highereducational institution specializing in trans-portation, and the Environmentally FriendlyTransportation Technology Research Centerof the Korea Automotive TechnologyInstitute. In addition, based on abundant heal-

ing resources, such as infrastructure for waterleisure sports and different types of hotsprings, Ecopolis is expected to become ahome for the autoparts and bio-leisure indus-tries.

The Chungbuk FEZ will provide all admin-istrative and financial support to help mini-mize costs and maximize satisfaction for for-eign investors through cash support, a varietyof deregulations as well as improvements offoreign living conditions.

Come to the Chungbuk FEZ and open anew door to greater business success.

Chungbuk Free Economic Zone Authority82 Sangdang-ro (Munhwa-dong), Sangdang-gu, Cheongju-si, Chungcheongbuk-do, Korea

Tel: +82-43-220-8331~3Fax: +82-43-220-8319

www.cbfez.go.kr

Chungbuk Free Economic Zone