Cheongju set for 1 trillion won electromagnetic project
The city of Cheongju, North Chungcheong, will be home to a 1 trillion won ($820.8 million) electromagnetic project as the Science Ministry assigned the southeastern city to host a synchrotron radiation accelerator on Friday.
The facility is designed to produce highly polarized electron beams for use in various experiments and research in the bio and semiconductor sectors.
The Ministry of Science and ICT aims to start construction in 2022 with completion set for 2028.
Three other regions – Chuncheon in Gangwon, Pohang in North Gyeongbuk and Naju in South Jeolla – competed in the bidding.
Job creation stands out as a major factor drawing the cities’ bids since the project is expected to generate 137,000 jobs.
Cheongju gained higher scores across the board including geographical conditions and potential for further growth, the ministry said.
The county currently runs two synchrotron radiation facilities at Pohang University of Science and Technology. A particle accelerator, another type of radiation accelerator, is located in Gyeongju, North Gyeongsang.
BY PARK EUN-JEE [firstname.lastname@example.org]
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