Selection of Candidate Sites for Urban Regeneration New Deal Projects Linked to MOLIT and LH

Photo by Iksan City Provided

Photo by Iksan City Provided

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[Asia Economy Honam Reporting Headquarters Reporter Hong Jae-hee] The ‘Inhwa-dong jjokbangchon area’ in Iksan City, Jeonbuk, has been selected as a candidate site for the Urban Regeneration New Deal-linked project, laying the groundwork for residential environment improvement.


According to the city on the 15th, the ‘Inhwa-dong jjokbangchon area’ was selected as a candidate site for the ‘Residential Environment Improvement Project’ jointly announced by the Ministry of Land, Infrastructure and Transport and Korea Land and Housing Corporation (hereinafter LH), which is expected to resolve the city’s long-standing pending project.


This public contest project received applications jointly from the Ministry of Land, Infrastructure and Transport and LH in May, and through document screening and on-site inspections, the ‘Inhwa-dong jjokbangchon area’ was finally selected as the candidate site.


The ‘Inhwa-dong jjokbangchon area’ was formed after liberation in 1945 as people with nowhere to rely on gradually gathered and lived there, and currently, about 34 elderly residents in 23 households live there.


The city has been steadily preparing for the public contest project by conducting surveys and condition analyses targeting residents living in the poor residential environment of the Inhwa-dong jjokbangchon.


This project has secured a total of 8.3 billion KRW, including 5 billion KRW in national funds as seed money, to create living SOC facilities for local residents, and LH will build apartments and welfare facilities for residents.


LH plans to promote the development concept service by October this year, complete administrative procedures such as designation of maintenance zones together with the city, and after obtaining project plan approval from the Ministry of Land, Infrastructure and Transport in the first half of next year, will proceed with the project in earnest.


Mayor Jeong Heon-yul said, “The jjokbangchon selected for this public contest project still has a very poor residential environment, using communal restrooms and communal bathhouses,” and added, “I am very pleased that a foundation has been laid to resolve this long-standing project by being selected for the joint public contest project by the Ministry of Land, Infrastructure and Transport and LH.”



He continued, “We plan to do our best to promptly carry out related administrative procedures and projects so that local residents can live comfortably.”


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

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