GWANGJU < invest Korea

According to Yonhap News,

A number of public infrastructure will be built continuously in Sangmu District, Gwangju, a leading urban convergence special zone which is modeled after Pangyo 2nd Techno Valley in Gyeonggi Province.

According to the city of Gwangju on August 22, it will push for a project to create a complex infrastructure linking life, work and leisure by 2025 in Sangmu district of Seo-gu, Gwangju, which was selected as a leading urban convergence special zone by the Ministry of Land, Infrastructure and Transport in December last year.

The urban convergence special zone is a project to create a high-density innovative space equipped with outstanding infrastructure encompassing industry, housing, and culture so that companies and talents can be induced to gather in the city center of a provincial metropolis.

Gwangju-si is building and constructing the Gwangju-style lifelong housing, Gwangju Library, Energy Park, Gwangju Medical Center, International Conference Complex, and National Sports Center in Sangmu District.

Gwangju-type lifelong housing will be built to house 460 households near the former Sangmu incinerator by putting in investment of KRW 137.1 billion by 2024.

For the first time as a long-term public rental housing, it will include medium-sized flats of 85 square meters or less, being equipped with national and public nursery centers and a life culture center, and supplied to the youth, newlyweds, and parents with children.

The public competition for design opened on July 21, and construction is scheduled to begin in the first half of next year after basic and detailed design.

Gwangju Library, which will be built on the site of Sangmu incinerator, will be constructed by investing KRW 45 billion by 2023.

The library will be built as a complex facility that provides not only book services but also serves as a cultural hub through factory building regeneration project.

An energy exhibition hall, bridge, and fountain will be installed in cooperation with the Korea Electric Power Corporation in Energy Park of Sangmu Citizen's Park, which is scheduled to be completed at the end of next month.

Gwangju Medical Center aims to be completed in 2024 with a 350-bed capacity by putting in investment of KRW 150 billion.

The area around Kim Dae-jung Convention Center, which was designated as a 'Kim Dae-jung International Conference Complex' by the Ministry of Culture, Sports and Tourism in August 2018, is expected to expand its role as a base for the MICE industry with the construction of the second exhibition hall.

In Sangmu Citizen's Park, a newly built senior center opened in April this year, and a national sports center is also scheduled to be constructed.

Gwangju's mayor said, “we will foster future industries with comparative advantages such as the Gwangju Green New Deal, automobile industry, energy valley, and free economic zone," adding "we will lay the foundation for the growth of regional industries and job creation by establishing solid infrastructure."

Source Text

Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.

Source:Yonhap News (August 20, 2021)