Chungbuk Free Economic Zone

Hub of Eco-Friendly IT-Biotech Convergence Industry


Chungbuk Free Economic Zone

Chungbuk Free Economic Zone
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 Date2013.2.14
  • Development period2013 to 2024



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.
Creating a future air mobility industry cluster
  • Aeropolis district 1 and 2 : Aviation MRO and aviation parts and materials specialized complex
  • Aeropolis district 3 : Urban air transportation specialized complex for a future growth engine
  • Fostering the future air mobility industry (Establish Chungbuk Drone UAM Research Center, participating K-UAM Team Korea)
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.

Chungbuk Free Economic Zone Major projects

  • Osong Biovalley

    Detail view


    • LocationOsong-eup, Cheongju-si, Chungcheongbuk-do
    • Project cost11,712 billion
    • Business period2013 ~ 2021
    • Planned population31,532
    • Construct the medical hub city based on the IT, BT, and cutting-edge category of businesses
    • Attract bio-industry, such as preclinical medicine, medicine, and medical supplies manufacturing industry, etc.
    • Attract medical research development organizations, cutting-edge clinical test centers, research hospitals, etc.
    • Create the cutting-edge science hub through connections with organizations such as Osong Life Science District
  • Cheongju Aeropolis
    1,2 District

    Detail view


    • LocationNaesu-eup, Cheongju-si, Chungcheongbuk-do
    • Project cost1,434 billion
    • Business period2013 ~ 2024
    • Promotion as the specialized district for aviation maintenance and realization as the hub for aviation distribution convergence industry
    • Create an aviation industry cluster through the attraction of the core leading companies for the aviation industry

Major resident companies

  • National Biobank of Korea

    [Korea] National Biobank of Korea bio industry
  • Covidien Korea

    [Korea]Covidien Korea Medical technology and services
  • Prestige biologics Co

    [Korea]Prestige biologics Co the manufacture of finished medicines
  • Peptron, Inc.

    [Korea]Peptron, Inc. the manufacture of pharmaceutical compounds and antibiotics
  • Quratis, Inc

    [Korea]Quratis, Inc Vaccines and Immunological Diseases Specialized
  • National Center for Medical Information and Knowledge

    [Korea]National Center for Medical Information and Knowledge medical research
  • National Center for Stem Cell and Regenerative Medicine

    [Korea]National Center for Stem Cell and Regenerative Medicine managing stem cell resources and research information

Contact point

  • Tel043-220-8312
  • Investment consultationOsong Biovalley +82 43-220-8363,
    Cheongju Aeropolis +82 43-220-8372
Online Investment Consultations