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KOEN

01THE PROJECT

Timeline

OUR JOURNEY TO 2033

From project selection in 2024 to planned completion in 2033

B-CITY’s ten-year development roadmap at a glance

2023

  • 09.05Call for Enterprise Innovation Park proposalsMOLIT Announcement No. 2023-1077
  • 11.09Pilot project proposal submittedDouzone Bizon / Chuncheon City
  • 12.07Proposal evaluation

2024

  • 03.11Presidential remarks at the 19th People’s Happiness Forum
  • 03.18Land Transaction Permission Zone designated by Gangwon StateGangwon State Announcement No. 2024-426
  • 03.27Pilot project selection announcedMOLIT Growth Hub Policy Division, Document No. 691
  • 06.12First consultation with MOLIT
  • 06.27Designated a National High-Tech Strategic Industry Specialized Complex for biotechnologyChuncheon · Hongcheon
  • 08.29Development Activity Permit Restriction Area designatedChuncheon City Notice No. 2024-468
  • 09.09Gangwon State and Chuncheon City confirmed their PFV equity stakes
  • 11.20Environmental Impact Assessment Council review
  • 12.30Land Transaction Permission Zone adjustedGangwon State Announcement No. 2024-1965

2025

  • 01.09Development Activity Permit Restriction Area amendedChuncheon City Notice No. 2025-14
  • 04.23AMC establishedBiotech Innovalley Asset Management Co., Ltd. — asset management company
  • 08.28PFV establishedBiotech Innovalley PFV Co., Ltd. — project financing vehicle
  • Aug–OctConsultations with Gangwon State and Chuncheon City departments; public inspection and hearing
  • NovApplication for MOLIT approval of the Integrated Development Plan

2026

  • AprResidents’ briefing in Gwangpan-ri
  • JulPublic hearing on the draft Integrated Development Plan
  • JulFeasibility study commences
  • JulLIMAC review
  • AugFinal reports for the Strategic Environmental Impact Assessment and Environmental Impact Assessment submitted to MOLIT
  • DecMOLIT approval of the Integrated Development Plan — planned

2027

  • 1QSecure project financing (planned)
  • 2QSite development works begin

2029

  • 4QPhase 1 completion

2033

  • 4QFull project completion

Government, local authorities and the private sector are moving B-CITY forward
on the schedule set out — without delay