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2 clusters · 2 sources · 22 days · First seen · Last updated

Andong industrial development initiatives

Overview

Andong is undergoing several industrial expansion projects aimed at diversifying its regional economy. In October 2026, Gyeongsangbuk-do province and Andong city entered an agreement to establish a hemp-based pharmaceutical production hub. This 175 billion won project, scheduled from 2025 to 2030, aims to create a full production chain for hemp-based drugs, including cultivation, raw material manufacturing, and finished drug production.

Following this, in November 2026, the province announced plans to develop a food convergence cluster. This initiative involves a memorandum of understanding with six institutions to support research and infrastructure. A key element is the construction of a shared food factory in Pungsan-eup, Andong, expected to be completed between 2027 and 2028. The 5.6 billion won facility will focus on liquid foods, such as extracts and concentrates, to assist local businesses with prototyping and small-scale production.

Entities

Andong · Gyeongsangbuk-do · Ministry of Agriculture, Food and Rural Affairs · Gyeongbuk Bio Industry Research Institute

Timeline

  1. [BUSINESS] 2 sources
    Gyeongsangbuk-do to establish food convergence cluster in Andong

    Gyeongsangbuk-do is investing 5.6 billion won to build a shared food factory in Andong, supporting liquid food production and small-scale manufacturing for local companies by 2028.

  2. [BUSINESS] 2 sources
    Andong to establish 175 billion won hemp pharmaceutical hub

    Gyeongsangbuk-do and Andong will invest 175 billion won to build a hemp-based pharmaceutical production hub, covering everything from cultivation to finished drug manufacturing by 2030.

Sources

seoul.co.kr · sisajournal.com