Developer Interest Grows as 'Cheongju Technopolis Phase 3 Project Site' Emerges as a Domestic Advanced Industry Outpost

- Developed on a scale of 3.8 million㎡ in Heungdeok-gu, Cheongju-si... SK Hynix Semiconductor Factory, LG Household & Health Care Completed Move-in
- With the confirmation of the Synchrotron Radiation Accelerator in Cheongju, large-scale relocation of related companies is also expected... Major expansion of transportation and residential infrastructure anticipated

[Cheongju Technopolis Bird's-eye View]

Cheongju City, Shin Young, Daewoo Construction, and six other companies are drawing attention from developers as they plan to announce bids and contracts in August for the third phase of the urban high-tech complex industrial park, Cheongju Technopolis, located in Heungdeok-gu, Cheongju, Chungbuk.

Cheongju Technopolis is a mixed-use development project that simultaneously establishes corporate facilities, commercial facilities, residential facilities, and educational facilities. After the district was designated in 2008, full-scale development began in 2013, and the first and second phase sites previously supplied have already been completed. The third phase site, currently being supplied, is scheduled for completion in 2024, and the total project site including the third phase reaches an impressive 3.8 million square meters. This area is larger than Yeouido (2.9 million square meters) and three times the size of Osong Advanced Medical Complex (1.13 million square meters), which has emerged as the center of the domestic medical industry, positioning it to become a leading base for advanced industries in Korea.

Currently, major domestic companies such as SK Hynix semiconductor factory, LG Household & Health Care, and SK Airgas have already settled within Cheongju Technopolis. Since Cheongju City was included in the semiconductor belt region as part of the government’s K-semiconductor strategy announced last year, large-scale settlement of semiconductor companies is expected to continue.

Additionally, the adjacent Cheongju General Industrial Complex houses companies like LG Chem, LS Industrial Systems, and LG Electronics, enabling significant synergy effects among companies. Recently, the decision to locate a large-scale basic science research facility, the multipurpose synchrotron radiation accelerator, in Cheongju has been confirmed, raising expectations for the influx of related companies.

A real estate expert stated, “Cheongju Technopolis, which is supplying the third phase site, is clearly set to become a leading center of advanced industries not only in the Cheongju region but nationwide, having already successfully completed sales of the first and second phase sites. With major corporations leading Korea’s advanced industries already settled in Cheongju Technopolis, the synergy with companies in the Cheongju General Industrial Complex, and the benefits expected from the synchrotron radiation accelerator, it is already attracting strong interest from developers.”

As large-scale corporate settlements continue, corresponding residential facilities will also be supplied. Cheongju Technopolis plans to establish a residential complex with 11,340 households, equivalent to a new town scale, and currently, 4,636 households in complexes such as Cheongju Technopolis Prugio, Cheongju Technopolis Woomeerine, and Woobang Iushel have completed move-in. With the increase in residential complexes, various convenience facilities are expected to be further expanded, enabling more convenient living.

The transportation environment is also favorable. The 2nd and 3rd ring roads, which circulate inside and outside Cheongju, are nearby, facilitating easy movement throughout the city. The Cheongju IC on the Gyeongbu Expressway and the Seo Cheongju IC on the Jungbu Expressway are also close, providing excellent metropolitan transportation networks to nearby major cities.

Last month, at the 2022 2nd Fiscal Project Evaluation Committee, the construction project for the double-track railway between Cheonan and Cheongju Airport officially entered the main track, and by 2029, Buk Cheongju Station on the Chungbuk Line is planned to be located within Cheongju Technopolis. Once the double-track railway opens, it will take about 1 hour and 20 minutes from Buk Cheongju Station to Seoul, and travel to Cheongju Airport will also be faster.

Meanwhile, detailed information such as the sale price and bidding application method for the third phase site of Cheongju Technopolis can be found online.

This content was produced with the assistance of AI translation services.