Project Cost of 32 Billion Won
A Platform for Fostering and Supporting Businesses

Bird's-eye view of Seungju Green Bio Specialized Knowledge Industry Center. Provided by Suncheon City

Bird's-eye view of Seungju Green Bio Specialized Knowledge Industry Center. Provided by Suncheon City

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Suncheon City in South Jeolla Province announced on October 21 that the "Green Bio Specialized Knowledge Industry Center" project, which is being promoted in Seungju, passed the final central investment review by the Ministry of the Interior and Safety on October 20.


The total project cost is 32 billion won (16 billion won from the national government, 4.8 billion won from the provincial government, and 11.2 billion won from the city government). The project aims for completion in 2027, with operations scheduled to begin in early 2028.


Currently, demolition of existing buildings is underway at the project site (the former Seungju Multipurpose Hall site). Once completed, the center will provide space for bio-related companies, research facilities, GMP production facilities, meeting rooms, and convenience facilities. The center is expected to serve as a key platform for the growth of related companies by fostering business clusters and providing facility and policy support.


Mayor Noh Gwan-gyu stated, "Passing the investment review by the Ministry of the Interior and Safety has given new momentum to the project," adding, "We will strategically foster the green bio industry to create quality jobs, revitalize Seungju, and develop it as a future growth engine for Suncheon."



Meanwhile, the city plans to gradually establish a one-stop, full-cycle support system-from raw material procurement to material development, product commercialization, distribution, and export-by linking the "Jeonnam Balanced Development 300" project on the former Seungju County Office site.


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

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