• 2026.05.08 (Fri)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
fashionrunwayshow2026
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
    • International Student Report
    • With Ambassador
  • Column
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
MENU
 
Home > Industry

Delays Plague Boeun's Third Industrial Complex; Groundbreaking Pushed to October Next Year

Hwang Sujin Reporter / Updated : 2025-10-05 11:03:26
  • -
  • +
  • Print


 

BOEUN — The development of the Boeun 3rd Industrial Complex in the area of Sajik-ri and Goseung-ri, Tanbu-myeon, is facing a significant delay, with the start of construction now projected for October next year. The Boeun County government announced on October 5, 2025, that the planned groundbreaking this year became impossible after undergoing adjustments during consultations with the Ministry of Agriculture, Food and Rural Affairs (MAFRA) regarding the conversion of agricultural land within the site.

The original scale of the industrial complex, initially planned at 849,000 square meters, has been reduced to 756,000 square meters. A county official explained that the delay stems from the negotiation process with MAFRA for the declassification of the Agricultural Promotion Zone (309,000 square meters). Approximately 100,000 square meters considered to have high conservation value as farmland were excluded from the plan. The necessary consultations and subsequent revisions of the plan have stretched the project's timeline.

New Timeline and Scope 

The county now plans to complete the administrative procedures, including a review by the North Chungcheong Provincial Industrial Complex Planning Deliberation Committee this year, and finalize all steps in the first half of next year. The target for the commencement of civil engineering work is now set for October 2026. The completion of the industrial complex is anticipated in 2028. The total investment for this project is budgeted at 136.2 billion Korean won (approximately $100 million USD), which includes 13 billion won ($9.6 million USD) from the North Chungcheong Province's regional balanced development fund.

The project has previously encountered difficulties, including friction with local residents. Prior to the complex's development, the county had received investment Letters of Intent (LOIs) from six companies, including one from the chemical industry. Concerns over the inclusion of chemical-sector businesses and the potential impact on public safety and the environment have sparked opposition and ongoing conflicts with residents. The Boeun County government has attempted to address these concerns by indicating they would impose restrictions on the types of industries and hazardous materials allowed, and by forming consultative bodies to engage with the community.

The successful completion of the Boeun 3rd Industrial Complex is a key element of the county's strategy to attract investment and create jobs, especially after the area was designated as a "Kihoe Baljeon Teukgu" (Opportunity Development Zone), which offers preferential conditions for corporate relocation and growth. The persistent administrative and community hurdles, however, continue to challenge the project's progression.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #globaleconomictimes
  • #micorea
  • #mykorea
  • #Lifeplaza
  • #nammidonganews
  • #singaporenewsk
  • #Samsung
  • #Daewoo
  • #Hyosung
  • #A
Hwang Sujin Reporter
Hwang Sujin Reporter

Popular articles

  • BYD Hits 10,000-Unit Milestone in South Korea Within One Year, Eyes Exclusive "10,000 Club" Entry

  • South Korean Financial Groups Surpass ₩4,000 Trillion in Total Assets; Net Profit Hits ₩26.7 Trillion Amid Stock Market Rally

  • Generative AI Use Triples Among Seoul Citizens, but Digital Divide Persists for Seniors

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://www.globaleconomictimes.kr/article/1065578535781656 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • South Korea’s KOSPI Surges to 7th in Global Market Cap, Overtaking Canada and UK
  • Global Pay Parity Demands Shaking Tech Giants: Samsung and SK Hynix Face Rising Labor Unrest in China
  • the 28th Overseas Koreans Literary Awards
  • Ambassador Hyuk-sang Sohn attended the "2026 Educational Community Sports Day" held at the Korean School of Paraguay on Friday, May 1.
  • Official Presentation of Credentials in Paraguay
  • U.S. World Cup "Host City Boom" Fizzles: Hotel Bookings Slump One Month Before Kickoff

Most Viewed

1
Iran Imposes Transit Fees on Strait of Hormuz Amid Escalating Maritime Tensions
2
Korea and Vietnam Forge Strategic Partnership in Science, Technology, and Innovation
3
Kurly Abandons 'All-Paper' Packaging Strategy Amid Rising Cost Pressures
4
80% of Enterprises Hit by 'AI Agent Anomalies': SailPoint Calls for Integrated Identity Governance
5
Tradition Meets the Public: Chungju’s Gugak Busking
광고문의
임시1
임시3
임시2

Hot Issue

Hyundai Motor Group Bets $700 Million on Mexico Amid Trade Policy Volatility

Honda Halts $15B Canada EV Plant Plans Amid Strategic Pivot to Hybrids

Digital Ghosts: The Rise of AI Ex-Partner Replicas and the Ethics of "Technological Mourning"

Kakao Hits Record Q1 Performance: Operating Profit Surges 66% as Focus Shifts to "Agentic AI"

Fashion Runway Show 2026

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • APEC2025가이드북TV
  • 반달곰 프로젝트
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life 
    • 전체
    • International Student Report
    • With Ambassador
  • Column 
    • 전체
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
  • Multicultural News
  • Jobs & Workers