[Asia Economy Reporter Yoo In-ho] The Ministry of Land, Infrastructure and Transport signed a Memorandum of Understanding (MOU) on the 7th with Suwon City, Ansan City, Jung-gu of Daejeon Metropolitan City, and LH to promote the '5th Public Building Renewal Leading Project.'


Since selecting three leading project sites for the 5th renewal project in August last year, the Ministry of Land, Infrastructure and Transport has continuously consulted with local governments to conduct on-site investigations and establish project promotion directions for the leading project sites.


The public building renewal leading project is being promoted as a national policy project to revitalize architectural investment. It is a project to develop old public buildings, which lack office facilities and resident convenience facilities and are vulnerable to safety issues, into mixed-use living spaces through renewal (reconstruction + remodeling).


As of the end of last year, among approximately 182,000 public buildings, about 43,000 buildings, or 24%, are over 30 years old.


Since 2015, the Ministry of Land, Infrastructure and Transport has held five rounds of public contests targeting local governments and selected a total of 16 districts. Among the selected districts, Seocho-gu Office in Seoul plans to develop into a complex public office building with public interest and profitability through designation as a special planning zone and gathering opinions from residents and experts. It plans to apply for investment review by the Ministry of the Interior and Safety in June.


Jamsa Insect Business Site in Sangju City and Namhae County Office are scheduled to sign consignment contracts in the second half of this year.


Through this MOU signing, they plan to officially begin establishing a successful project model.


The Suwon Seryu Donghaeng Center, currently used as a public parking lot, will be reborn as an inclusive cultural welfare space where local residents can experience various programs, as well as a public parking lot linked with the electric vehicle charging infrastructure installation project.


The Ansan Bono 2-dong Community Center, which received a grade D in a detailed safety inspection, will be transformed into a complex administrative office building linked with living SOC cultural facilities for care recipients who have difficulty living independently and local residents.



The Jung-gu Office of Daejeon Metropolitan City, which has passed about 60 years since its completion, will be developed as a complex including public office facilities and profit and cultural facilities for local residents.


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

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