Integration of Smart Technology in Urban Regeneration... Ministry of Land Chooses 16 Locations Including Yangcheon-gu, Seoul

[Asia Economy Reporter Mun Je-won] The Ministry of Land, Infrastructure and Transport announced on the 19th that it has selected 16 areas, including Geumcheon and Yangcheon districts in Seoul and Suyeong district in Busan, to carry out the 'Living-Integrated Urban Regeneration Smart Technology Support Project.'

This project is newly launched this year. Its purpose is to apply smart technologies that are highly perceptible to residents and easy to commercialize in existing Urban Regeneration New Deal project areas to ensure linkage with urban regeneration projects.

Up to 500 million KRW of national funding will be provided per project site, and local governments will bear 40-60% of the project cost depending on the matching ratio of the urban regeneration project.

A total of 39 sites applied through the public contest, and the Ministry of Land, Infrastructure and Transport selected 16 sites after an evaluation process.

The Ministry explained, "The evaluation focused on collecting residents' opinions, necessity and feasibility, and effectiveness, and sites with concrete project plans and the capability for prompt implementation were selected."

The selected areas include Geumcheon and Yangcheon districts in Seoul, Suyeong district in Busan, Ganghwa County in Incheon, Gwangsan, Dong, and Buk districts in Gwangju, Ulju County in Ulsan, Anyang in Gyeonggi, Cheongju in Chungbuk, Gochang and Buan in Jeonbuk, Gwangyang in Jeonnam, Gumi in Gyeongbuk, and Gimhae and Namhae in Gyeongnam.

The selected project sites are expected to solve local issues by utilizing smart services in four core areas closely related to residents' lives: safety and firefighting, transportation, energy and environment, and living and welfare.

From next month, national funds will be allocated to the 16 project sites to actively promote the projects.

Park Sang-min, Director of the Urban Regeneration Division at the Ministry of Land, Infrastructure and Transport, said, "By integrating smart solutions that are highly perceptible to residents into urban regeneration project areas, we expect to contribute to solving local problems," adding, "We plan to actively support smooth project implementation by continuously communicating with local governments even after selection."

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