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Chung Buk Free Economic Zone
The Chungbuk Free Economic Zone (CBFEZ) is a Free Economic Zone in Chungcheongbuk-do, South Korea. It includes the cities of Chungju and Cheongju. The zone was announced on February 14, 2013. Location Chungbuk Free Economic Zone is a central transport hub in South Korea. Cheongju International Airport is located there. Investment Incentives Chungbuk is one of eight Free Economic Zones established to attract foreign investment. The Korean government has created investment incentives such as tax breaks for foreign companies, relaxed labor regulations and investment subsidies. The Korean government describes CBFEZ as having "the most optimized access to the nation". The entire country is within 2 hours by train.Aeropolis Project Overview
, Chungbuk Free Economic Zone Authority


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The Chungb ...
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Korean Free Economic Zone
Korea Free Economic Zones (KFEZ) are designated to strengthen national competition for businesses and promote balanced regional development by improving living conditions and business environments for foreigners in South Korea. Korea's economic zone planning office is in charge of this project. The Korean government provides a variety of tax benefits for foreign firms and foreigners, as well as a simpler regulatory regime, a favorable living environment and swift administrative services. KFEZ endeavors to establish economic and social institutions that lead global trends and provide a variety of incentives. In 2021, Foreign direct investment, Foreign Direct Investment in FEZ upraised 42%, receiving $1.31 billion. Manufacturing sector leads foreign investment, followed by service segment, such as logistics and research and development. The European Union led the investment in the FEZ of South Korea. Currently the EPZ is under control of Bangladesh - Canada joint venture. Mr. R Mehdi ...
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Chungcheongbuk-do
North Chungcheong Province ( ko, 충청북도, ''Chungcheongbuk-do''), also known as Chungbuk, is a province of South Korea. North Chungcheong has a population of 1,578,934 (2014) and has a geographic area of located in the Hoseo region in the south-center of the Korean Peninsula. North Chungcheong borders the provinces of Gyeonggi and Gangwon to the north, North Gyeongsang to the east, North Jeolla to the south and South Chungcheong, Sejong Special Autonomous City and Daejeon Metropolitan City to the west. Cheongju is the capital and largest city of North Chungcheong, with other major cities including Chungju and Jecheon. North Chungcheong was established in 1896 from the province of Chungcheong, one of the Eight Provinces of Korea, consisting of the northeastern half of the territory, and is South Korea's only landlocked province. North Chungcheong was known as Chūsei-hoku Prefecture during the Japanese Colonial Period from 1910 and became part of South Korea followin ...
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South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korean Peninsula and sharing a land border with North Korea. Its western border is formed by the Yellow Sea, while its eastern border is defined by the Sea of Japan. South Korea claims to be the sole legitimate government of the entire peninsula and adjacent islands. It has a population of 51.75 million, of which roughly half live in the Seoul Capital Area, the fourth most populous metropolitan area in the world. Other major cities include Incheon, Busan, and Daegu. The Korean Peninsula was inhabited as early as the Lower Paleolithic period. Its first kingdom was noted in Chinese records in the early 7th century BCE. Following the unification of the Three Kingdoms of Korea into Silla and Balhae in the late 7th century, Korea was ruled by the Goryeo dynasty (918–1392) and the Joseon dynasty (1392–1897). The succeeding Korean Empire (1897–1910) was an ...
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Chungju
Chungju (충주시) is a city in North Chungcheong province, South Korea. Uamsan is a mountain located within the outskirts of the city. The city is famous for the annual martial arts festival held in October. Also of note, former UN Secretary-General, Ban Ki-moon grew up here. Symbol The city's symbols include the chrysanthemum (as the city flower), Mandarin duck (city bird) and apple tree (city tree). History During Hideyoshi's Invasions of Korea Chungju was the site of the Battle of Chungju, where the Korean general Shin Rip was defeated by the Japanese general Konishi Yukinaga. This defeat resulted in King Seonjo fleeing from Hanseong (Seoul) to Pyongyang. Chungju Lake Chungju Dam is the country's biggest multi-purpose dam that links together Chungju and its neighborhoods. It creates a manmade lake with a vast body of water. Woraksan Mt and Songnae valley are located nearby. Additionally, this area has cherished cave area/springs. 2013 World Rowing Championships T ...
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Cheongju
Cheongju () is the capital and largest city of North Chungcheong Province in South Korea. History Cheongju has been an important provincial town since ancient times. In the Cheongju Mountains, specifically in the one where Sangdang Sanseong is located, ruins dating from the Old Stone Age to the Bronze Age have been found. Settlements associated with the Paleolithic Age have also been discovered at Cheongju such as the Durubong Cave Site. After the unification of the kingdoms by Silla in 676, which caused various parts of Korea to adapt Buddhism including Cheongju, because the Silla culture was connected with the Silk Road, which brought the Buddhist religion from Nepal across Northern China to the Korean Peninsula. In the Goryeo era during the reign of Gwangjong, several monuments related to Buddhism were created, among them are Cheol Danggan, built during the year 962 in the center of the city near the remains of Yongdu Temple, which is a flagpole to hang the Dang flag, which ...
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Cheongju International Airport
Cheongju International Airport (Hangul: 청주국제공항; Hanja: 淸州國際空港; Revised Romanization: Cheongju Gukje Gonghang; McCune-Reischauer: Ch'ŏngju Kukche Konghang) is an international airport in Cheongwon-gu, South Korea. It also serves the cities of Daejeon and Sejong. In 2018, 2,453,649 passengers used the airport. It also houses the 17th fighter wing of the ROKAF. There is a railway station next to the airport, called Cheongju Airport station, which is on the Chungbuk Line. Overview Cheongju International Airport is located at Ipsang-ri (a township), Naesu-eup (읍; town), Cheongwon-gu, Cheongju, Chungcheongbuk-do. A railway station is located nearby. It opened as a military airbase in September 1978, and in 1984, international airport construction began. The construction was completed in December 1996, and it was opened as Cheongju International Airport on April 28, 1997. During the mid 80's, Cheongju was selected as a possible site for Korea's main inter ...
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Foreign Direct Investment
A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct control. The origin of the investment does not impact the definition, as an FDI: the investment may be made either "inorganically" by buying a company in the target country or "organically" by expanding the operations of an existing business in that country. Definitions Broadly, foreign direct investment includes "mergers and acquisitions, building new facilities, reinvesting profits earned from overseas operations, and intra company loans". In a narrow sense, foreign direct investment refers just to building new facility, and a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. FDI is the sum of equity capital, long-term capital, and short-term capital ...
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Bio Valley
The National University of Singapore (NUS) is a national public research university in Singapore. Founded in 1905 as the Straits Settlements and Federated Malay States Government Medical School, NUS is the oldest autonomous university in the country. It offers degree programmes in a wide range of disciplines at both the undergraduate and postgraduate levels, including in the sciences, medicine and dentistry, design and environment, law, arts and social sciences, engineering, business, computing, and music. NUS is one of the most highly-ranked academic institutions in the world. It has consistently featured in the top 30 of the Quacquarelli Symonds (QS) World University Rankings and the Times Higher Education (THE) World University Rankings, and in the top 100 of the Academic Ranking of World Universities (ARWU). As of 2022-2023, NUS is 11th worldwide according to QS and 19th worldwide according to THE. NUS's main campus is located in the southwestern part of Singapore, adja ...
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Biotechnology
Biotechnology is the integration of natural sciences and engineering sciences in order to achieve the application of organisms, cells, parts thereof and molecular analogues for products and services. The term ''biotechnology'' was first used by Károly Ereky in 1919, meaning the production of products from raw materials with the aid of living organisms. Definition The concept of biotechnology encompasses a wide range of procedures for modifying living organisms according to human purposes, going back to domestication of animals, cultivation of the plants, and "improvements" to these through breeding programs that employ artificial selection and hybridization. Modern usage also includes genetic engineering as well as cell and tissue culture technologies. The American Chemical Society defines biotechnology as the application of biological organisms, systems, or processes by various industries to learning about the science of life and the improvement of the value of materi ...
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Cheongwon-gun
Cheongwon County (''Cheongwon-gun'') was a county in North Chungcheong Province, South Korea. It was dissolved on July 1, 2014 and consolidated to Cheongju. Cheongwon was twinned with: * Cangzhou, Hebei, China * Kikuchi, Kumamoto is the capital city of Kumamoto Prefecture on the island of Kyushu, Japan. , the city has an estimated population of 738,907 and a population density of 1,893 people per km2. The total area is 390.32 km2. had a population of 1,461,000, ..., Japan References ╋ Cheongju Former subdivisions of South Korea States and territories disestablished in 2014 {{SouthKorea-geo-stub ...
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Free Economic Zone
Free economic zones (FEZ), free economic territories (FETs) or free zones (FZ) are a class of special economic zone (SEZ) designated by the trade and commerce administrations of various countries. The term is used to designate areas in which companies are taxed very lightly or not at all to encourage economic activity. The taxation rules and duties are determined by each country. The World Trade Organization (WTO) Agreement on Subsidies and Countervailing Measures (SCM) has content on the conditions and benefits of free zones. Some special economic zones are called free ports. Sometimes they have historically been endowed with favorable customs regulations, such as the free port of Trieste. As the United Kingdom was proposing the creation of ten free ports after leaving the European Union in early 2020, the EU was clamping down on 82 free zones after finding that their special status had aided the financing of terrorism, money laundering and organised crime. Definition Th ...
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Foreign Direct Investment
A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct control. The origin of the investment does not impact the definition, as an FDI: the investment may be made either "inorganically" by buying a company in the target country or "organically" by expanding the operations of an existing business in that country. Definitions Broadly, foreign direct investment includes "mergers and acquisitions, building new facilities, reinvesting profits earned from overseas operations, and intra company loans". In a narrow sense, foreign direct investment refers just to building new facility, and a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. FDI is the sum of equity capital, long-term capital, and short-term capital ...
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