Investment Project

Chungbuk

Chungbuk
Free Economic Zone

Hub of Eco-Friendly IT-Biotech Convergence Industry

Hub of Eco-Friendly IT-Biotech Convergence Industry

The CBFEZ is located at the center of Korea, which allows fast access to inland regions and a transportation network that runs in all directions. It is Korea’s IT-biotechnology convergence industry hub, equipped with a cluster of facilities for solar energy generation, semiconductor manufacturing and biotechnology businesses. It is also turning itself into the hub of Northeast Asia’s aviation Maintenance, Repair and Operations (MRO) industry.
Designation Date  |  
2013.10.30
Development period  |  
2013 to 2020

Advantages

Center of Korea’s transportation
  • The zone has access to the Seoul metropolitan area in one hour, and other parts of the nation in two hours.
  • Seven high ways pass through the zone. Osong Station, the only station where the Gyeongbu Line intersects with the Honam Line, connects all parts of the country.
  • Cheongju International Airport, the hub of the central region, is nearby.
  • Cheongju International is the only local airport that runs 24 hours for freight air carriers.
  • The CBFEZ has access to major Asian countries such as China and Thailand within one to three hours.
  • It takes 10 minutes to get to Sejong City, the new administrative capital of Korea, and one hour to get to Pyeongtaek and Dangjin port, the center of marine logistics from the zone.
Korea’s largest IT cluster
  • It has an IT cluster that produces not only semiconductor components but also finished semiconductors. Korea’s leading companies located here include SK Hynix, MagnaChip and Dongbu HiTek.
  • Designated as a special photovoltaic zone, the first in Korea, it produces 60 to 70 percent of Korea’s photovoltaic cell modules.
  • It has an industrial complex specialized in automotive electronic parts.
Korea’s only bio hub with one-stop support for all industrial process
  • “Osong Bio-Health Science Complex” is Korea’s only biotech complex initiated by the government. “Osong HighTech Medical Complex” has ideal human resources and infrastructure to develop new medicines and advanced medical devices. This zone also has a biomedical administration town where six state-run institutions in health and medical services, such as the Ministry of Food and Drug Safety, are located.
  • It has four major government research facilities and national biomedical facilities.
  • It can offer one-stop support for all stages of bio manufacturing, from clinical trials to approvals to manufacturing and retailing. It is home to more than 60 biomedical companies, 120 bio-related company-affiliated research centers and three universities specialized in biotechnology.

Major projects

Major resident companies

National Biobank of Korea  |  Korea
- bio industry

National Center for Medical Information and Knowledge  |  Korea
- medical research

National Center for Stem Cell and Regenerative Medicine  |  Korea
- managing stem cell resources and research information

Covidien Korea  |  Korea
- Medical technology and services

Contacts

Tel   |  
043-220-8312
Investment Consultations  |  
Osong Bio Valley 043-220-8363  ,  Cheongju Aeropolis 043-220-8372  
Online Investment Consultations