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Transportation hub located in the

center of the country

CBFEZ, the core of global Korea

Optimal investment location in Korea

Chungbuk Free Economic Zone (CBFEZ), the center of

IT and BT convergence industry

The One-Stop Support Source for

the Entire Process in Korea

Human resources and infrastructure support for

developing advanced bio industry

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Chungbuk Free Economic Zone Authority, Your Best Choice
What is CBFEZ?
Chungbuk Free Economic Zone Authority, Your Best Choice

Chungbuk, North Chungcheong Province, is the transportation hub of Korea,

offering excellent accessibility as it situates in the country’s central inland zone.

CBFEZ is at the heart of the IT and BT convergence industry, equipped with solar power, semiconductor,

and bio clusters, which highlights as primary next-generation strategic industries.

It is a venue area that is being reborn as the hub of aviation maintenance in Northeast Asia.

BT/IT Convergence Business Hub
Osong Bio-Valley

Bio-medical hub development in

Northeast Asia

Cheongju Aeropolis

Cultivation of Cheongju International Airport-

Airport-centered convergence aviation industry

Advantages of CBFEZ
Chungbuk Free Economic Zone Authority, Your Best Choice
Center of IT·BT convergence industry
Chungbuk, North Chungcheong Province, is a transportation hub that offers the best accessibility in the country as it situates in the central inland zone. CBFEZ is being reborn as the Northeast Asian aviation maintenance industry hub, at the center of the IT and BT convergence industry, and is equipped with solar power, semiconductors, and bio-clusters, which highlights as primary next-generation strategic industries.
  • Time of designation : February 14, 2013
  • Project period : 2013 ~ 2022
Transportation hub situated at the center of the country
  • Can be reached within 1 hour from the Seoul metropolitan area and 2 hours from anywhere else in the country

  • 7 expressways and 2 longest high-speed railway lines pass through the region connecting to all regions of Korea

  • Cheongju International Airport, the main airport of the central region, is nearby

  • The only provincial airport in Korea that operates around-the-clock with cargo-exclusive aircraft landing

  • Can access to key Asian countries including China and Thailand within 1~3 hours

  • 10-minute distance from the new administrative capital, Sejong City, and 1-hour distance from Pyeongtaek Port and Dangjin Port, the hubs of maritime transportation in Korea

The only bio-hub with one-stop support for the entire industrial process in Korea
  • Heavily centralized zone for bio-clusters in Northeast Asia with the presence of the ‘Osong Bio-Health Science Complex’, the only specialized national bio-industry complex in Korea, the ‘Osong Advanced Medical Complex‘, offering the personnel and material infrastructure necessary for the global development of new drugs and advanced medical devices, and the ’OsongHealth Technology Administration Complex‘ that houses 6 major national public health and medical policy institutions including the Ministry of Food & Drug Safety.

  • The concentration of the 4 major national core research support facilities and bio-medical facilities

  • Provision of one-stop support for the entire industrial process, ranging from R&D, clinical studies, and manufacturing to distribution through the establishment of bio-infrastructure such as more than 60 biotechnology companies, 120 research institutes, and BT University (with 4 academic departments and 3 colleges).

Cultivation of advanced aviation industry
  • Houses aviation-specialized companies (RH Focus, Sungwoo Engineering, ENC Tech, and Cascom, etc.)

  • Cultivation of aviation MRO industry customized personnel (approximately 300 outstanding prospects are produced annually through 5 universities and 1 specialized high school in the province)

  • The concentration of largest R&D institutions in Korea within a radius of 40km from Cheongju International Airport (International Science Business Belt, Daedeok Research Estate, and Ochang Science Industry Estate, etc.)

Investment Guidance
Chungbuk Free Economic Zone Authority, Your Best Choice
Why CBFEZ?
Just as Korea is at the center of Northeast Asia, CBFEZ is at the center of Korea, and it represents the most strategic location as a transportation and distribution hub that can be accessed within 2 hours’ drive from anywhere in the country and from surrounding countries via Cheongju International Airport, the country’s central airport hub. It is possible to maximize synergistic effects through mutual linkages of all industries, as CBFEZ is equipped with robust industrial infrastructure including bio, IT, and solar power, etc. CBFEZ is a reliable business partner equipped with a competitive industrial foundation and outstanding residential conditions.
  • Most outstanding transportation accessibility in the country
  • Outstanding industrial infrastructure
  • Highly competitive industrial foundations
  • Outstanding residential conditions
  • Unprecedented benefits for resident companies
Occupying Institutes & Companies
Chungbuk Free Economic Zone Authority, Your Best Choice
Representative resident institutions and companies

National Center for Medical Science Knowledge

Korea

Research in domestic and overseas medical science

knowledge and information resources

COVIDIEN Korea Co., Ltd.

Korea

Company specializing in

medical health

APROGEN

Korea

biopharmaceutical company

Prestige Bio Pharma Co., Ltd

Singapore

promising biopharmaceutical company

More than8900 resident institutions and companies

As of August 2020

The Chungbuk Free Economic Zone Authority will strive to ensure the success of companies

through through the provision of various tax benefits, financial support,

alleviation of regulations, and incentives.

Tel : +82-10-7675-0528