Gwangju City Launches Full-Scale Residential Environment Improvement Project

Gwangju City Hall

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Metropolitan City announced on the 4th that it has provided a total of 1.076 billion KRW in subsidies to four residential environment improvement maintenance zones designated in Dong-gu (Hakwoon 2 District) and Gwangsan-gu (Dosan 7 Tong, Seodong, Yongbochon).

The residential environment improvement project is promoted to create roads, parking lots, parks, and other facilities in areas that are old and difficult to develop or where low-income urban residents live collectively.

Through this, the project aims to improve the residential environment in areas where maintenance infrastructure is poor and old or substandard buildings are excessively concentrated.

The project targets are areas designated as maintenance zones in the "Gwangju City Urban and Residential Environment Maintenance Basic Plan" and where residential environment improvement project maintenance plans have been established and designated as maintenance zones.

Currently, the areas where residential environment improvement projects are underway in Gwangju are four locations: Dong-gu (Hakwoon 2 District), Gwangsan-gu (Dosan 7 Tong, Seodong, Yongbochon).

From 2014 to 2023, a total of 23.83 billion KRW (conversion project (national funds) 50%, city funds 25%, district funds 25%) will be invested annually to purchase land and sites, open roads, install parking lots, create parks, establish welfare centers, and expand urban infrastructure such as gateball courts.

By district, the projects in Hakwoon 2 District and Dosan 7 Tong will be completed by 2021, Seodong by 2022, and Yongbochon by 2023.

Accordingly, Gwangju City supported a total of 10.575 billion KRW (7.05 billion KRW national funds, 3.525 billion KRW city funds) from 2014 to 2019, and this year, it is investing a total of 4.304 billion KRW (conversion project (national funds) 2.152 billion KRW, city funds 1.076 billion KRW, district funds 1.076 billion KRW) in the four zones to promote the project.

Previously, Gwangju City had maintained infrastructure such as roads and parks in 52 areas designated as residential environment improvement zones.

Lee Sang-bae, Director of the City Urban Regeneration Bureau, said, "We expect that the expansion of convenience facilities and urban infrastructure in the old downtown residential areas will help improve the quality of life for residents."

This content was produced with the assistance of AI translation services.