Hoban Construction Signs Agreement for Private Development Special Project of Oksong Sangnok Park in Andong

▲ Perspective view of the 'Oksong Sangnok Park' development project in Andong-si, Gyeongbuk (Provided by Hoban Construction)

[Asia Economy Reporter Lee Chunhee] Hoban Construction has signed an agreement to promote the private development special project of Oksong Sangnok Park in Andong-si, Gyeongbuk, and is set to begin full-scale project implementation.

On the 24th, Hoban Construction announced that it had signed an agreement at Andong City Hall to promote the private development special project of Oksong Sangnok Park. About 10 officials from both sides, including Kwon Young-se, Mayor of Andong, and Song Jong-min, President of Hoban Construction, attended the signing ceremony.

The Oksong Sangnok Park development project, promoted as part of Andong City's 'Project for Creating an Ever-Green Green City,' is a private park special project underway in the area of San 70, Ok-dong, Andong-si. This area is adjacent to the Ok-dong district, which has good educational, living, and transportation conditions, allowing the sharing of various infrastructure, and enables wide-area travel using the Seo Andong IC of the Jungang Expressway.

Hoban Construction, selected as the preferred negotiation partner for the project in June 2017, has accelerated the project through this promotion agreement. Hoban Construction will proceed with the purchase of the entire park area of 209,307㎡. Subsequently, about 76.9% of the land, 160,924㎡, will be donated and entrusted to Andong City to create a family-centered complex cultural park while preserving the landscape as much as possible. Hoban Construction plans to complete the implementation plan approval by June.

▲ Kwon Young-se, Mayor of Andong (right), and Song Jong-min, CEO of Hoban Construction, are taking a commemorative photo after signing an agreement on the private development special project at Oksong Sangnok Park in Andong, Gyeongbuk, on the 24th. (Photo by Hoban Construction)

Kwon Young-se, Mayor of Andong, said, "I ask Hoban Construction to make efforts to create a premium urban park," and added, "We plan to complete administrative procedures before the sunset clause deadline." Song Jong-min, President of Hoban Construction, also said, "Hoban Construction is carrying out private park special projects nationwide," and "We will do our best to provide nature-friendly green spaces for Andong City and its citizens." Currently, Hoban Construction has signed agreements and is progressing with private park special projects in six locations nationwide, including Yeonhui Park in Incheon.

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