Namwon-si ? LH and Noam Industrial Complex Sign Business Agreement for Construction of Happy Housing for Workers

[Asia Economy Honam Reporting Headquarters Reporter Park Nosik] On the 2nd, Namwon City held a ceremony at Namwon City Hall where Mayor Ihwanju of Namwon and Kwon Changho, head of the LH Jeonbuk Regional Headquarters, along with officials from both organizations, signed a "Business Agreement for the Construction of Happy Housing for Workers in the Noam Industrial Complex in Namwon."

This project is a collaboration between Namwon City and LH (Korea Land and Housing Corporation) to improve the residential welfare of workers within the industrial complex. It was officially selected as a candidate site for the Happy Housing project by the Ministry of Land, Infrastructure and Transport on October 23, 2019. The project involves investing a total of 18 billion KRW to build 120 rental apartments in a building with 2 basement floors and 8 above-ground floors on the support facility land within the industrial complex.

According to the agreement, Namwon City will sell the support facility land within the Noam Industrial Complex to LH, bear 10% of the total project cost, and support various permits and approvals related to construction. LH will be responsible for the remaining project costs and the operation after completion.

Namwon City plans to complete the detailed design and project plan approval procedures as soon as possible, begin construction around September, and complete the project by the first half of 2022.

Once completed, the Happy Housing for workers will be prioritized for young people and workers of nearby companies and will be operated with affordable rent.

Mayor Ihwanju of Namwon said, "We will continue to promote various support policies, including the construction of public rental housing, to ensure housing stability for our city's youth, newlyweds, and workers."

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