# Chungcheongbuk-do Government

Chungcheongbuk-do Government is a Government / Public Body based in Cheongju-si, South Korea.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Cheongju-si, South Korea
- **Region:** Asia
- **Address:** Cheongju-si, South Korea
- **Founded:** 1922
- **Assets under management:** Undisclosed
- **Website:** chungbuk.go.kr
- **LinkedIn:** https://www.linkedin.com/company/chungbuk-provincial-government

## Regulatory record

- **Reports private funds:** No

## About

Chungcheongbuk-do Government was established in 1922 and is headquartered in Cheongju-si. Kim Young-hwan has led it as Governor since 2022. The entity functions as a public body responsible for welfare, education, and environmental services across the province. The government deploys capital through its Regional Development Fund into real estate and infrastructure. Confirmed holdings include Osong Bio Valley industrial site and Chungcheongbuk-do Provincial Office Building. It also maintains the MMCA Cheongju Open Storage Collection and Chungbuk Arts Center. Activity centers on South Korea with documented sister-state ties to Idaho in the United States, Yamanashi Prefecture in Japan, and Heilongjiang Province in China. The organization lists no disclosed AUM figure and operates without additional offices beyond its Cheongju headquarters. It maintains two philanthropic vehicles, the Chungbuk Cultural Foundation and Chungbuk Talent Nurturing Foundation, plus membership in the Association of North East Asia Regional Governments. Governance follows standard provincial structures under elected leadership, with asset decisions integrated into the annual public budget process rather than through external fund vehicles.

## Sectors

- Infrastructure
- Real Estate

## People

- Kim Young-hwan — Governor of Chungcheongbuk-do

## Questions

### Who runs investment decisions at Chungcheongbuk-do Government?

Kim Young-hwan, elected Governor in 2022, oversees capital allocation through the Regional Development Fund and public budget approvals.

### Does Chungcheongbuk-do Government participate in fund commitments or only direct deals?

The government makes direct investments in local real estate and infrastructure projects such as Osong Bio Valley and Millennium Town.

## Related profiles

- [Chukyo Bank](https://altss.com/profile/chukyo-bank)
- [Chungcheongnam-do](https://altss.com/profile/chungcheongnam-do)

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Last updated: 2026-06-03T20:00:00.000Z

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