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Investment Strengths

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Investment Strengths Chungnam
Foreign Investment Enterprise
Success Cases of Foreign Investment

Investment Strengths Chungnam

Optimal location

Chungcheongnam-do is a center of transportation with a port and international airport nearby, which gives it a great advantage in international trade. The province can be reached from anywhere in Korea within two hours thanks to high-speed railways (KTX) and well-paved expressways.

Well-developed infrastructure

Chungcheongnam-do has tourism and leisure towns located in its beautiful environment, and leading-edge medical and educational facilities including hospitals, technical colleges, elementary, middle, and high schools for foreign nationals. It offers a stable and inexpensive supply of electricity and water for industrial use.

Excellent human resources

Chungcheongnam-do is cultivating abundant human resources including over 180,000 students in 37 colleges, and 20,000 students in 35 vocational high schools. Thanks to its close proximity to Seoul, businesses can employ talented individuals with expertise at a relatively low cost. Moreover, businesses in Chungcheongnam-do maintain amicable labor relationship with workers, and the provincial government actively supports corporate activities

Attractive investment destination

In Chungcheongnam-do, over 50 companies are operating businesses in nine foreign investment zones measuring 1,967,000㎡ in total (stand alone-type :seven FIZs (1,292,000㎡), complex-type : two FIZs (675,000㎡)). The province is planning to invest KRW 209.7 billion to build five more complex-type FIZs by 2011 in a 738,000㎡ area, at an appropriate place favored by foreign investors.

Plans to build Foreign Investment Complex

(unit : 1,000 ㎡, KRW 1,000)

complex-type FIZ establishment plan
industrial complex area the year from which
companies can move in
sales price/㎡
five complexes 738    
Asan Techno Valley 70 2009 220
Hapdeok Industrial Complex 150 2009 200
Cheonan 3 Industrial Complex 155 2009 460
Cheonan 5 Industrial Complex 330 2011 258
Chungnam Techno Park 33 2008 242

In addition, any company seeking individual location can be provided with a customized industrial site measuring 100,000㎡ to 165,000㎡.