Gyeonggi Housing and Urban公, Icheon Daewol 2 General Industrial Complex 'Public Development'

[Asia Economy (Icheon) = Reporter Lee Young-gyu] Gyeonggi Housing and Urban Corporation (GH) will develop the Daewol2 General Industrial Complex in Icheon as a public development project.

GH announced on the 31st that it signed a business agreement for the joint implementation of the Daewol2 General Industrial Complex development project with Icheon City at Icheon City Hall.

The Daewol2 General Industrial Complex project is being promoted to foster balanced development of the underdeveloped natural conservation area, which has been hindered by various overlapping regulations, in accordance with the customized industrial complex development policy of Gyeonggi Province during the 7th local government term. GH will develop the site, covering 59,980㎡ in the Daewol-myeon area of Icheon City, with an investment of 12.7 billion KRW.

The Daewol Industrial Complex has excellent location conditions with good highway accessibility via Icheon IC and a concentration of major local companies such as SK Hynix.

GH plans to apply for industrial complex plan approval in 2021, obtain approval and start compensation in 2022, and begin site development construction in 2023, aiming for completion in 2024.

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