The creation of the Naepo agri-bio convergence industry cluster, a flagship project of the 8th popularly elected Chungnam provincial government, is picking up speed. The Naepo agri-bio convergence industry cluster is a project to build an integrated smart farm complex, research support complex, and industrial complex on a 1,667,000 square-meter (500,000-pyeong) site in the Sapgyo-eup area by 2028 with an investment of 680.3 billion won.
A feasibility study was completed in Oct. last year, and a central investment review was finished in Apr. On Jun., work began to draw up the industrial complex plan. Ahead of the overall cluster plan, a separate service to establish the industrial complex plan for Celltrion's move-in also began in May, and the plan is expected to be approved in Dec.
The province plans to build an advanced distribution and logistics platform that includes bio technology development and demonstration research, cultivation of high-functional crops, and vertical farm research and development (R&D) for the Naepo agri-bio cluster. Chungnam's blueprint is to foster the cluster into a leader in fields from advanced bio to the future agri-industry. The province plans to proceed with administrative procedures as quickly as possible, start construction in the first half of 2027, and complete it in 2028.
Chungnam, which has a strong base in Korea's key industries such as semiconductors and automobiles, is eyeing the bio industry as the next-generation growth engine. During the 8th popularly elected term, the province is focusing on expanding the bio industry base by establishing a comprehensive plan to foster the Chungnam bio industry and creating a new bio industry division.
Read more at Chosun Biz
