Ulsan's 'Gangdong Tourist Complex' Finally Resumes Development

Ulsan City, Buk-gu, and Lotte Construction Sign Business Agreement for Water Park District Development
Construction to Resume in Early Next Year... Target Completion in 2023

Aerial view of Ulsan Gangdong Lotte Resort.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] The core project of the Ulsan Gangdong Tourism Complex development, the ‘Waterpark District (Gangdong Lotte Resort) construction,’ is set to resume in earnest.

On the 8th at 3 p.m., Ulsan City will sign a ‘Business Agreement for the Construction of the Gangdong Tourism Complex Waterpark District’ together with Buk-gu District and Lotte Construction in the situation room on the 7th floor of the city hall main building.

This agreement was prepared to resume construction of the Gangdong Tourism Complex Waterpark District, which began in February 2007 but was temporarily halted in 2009 at 37% completion due to the economic recession.

The Gangdong Lotte Resort construction project in the Waterpark District will involve an investment of approximately 450 billion KRW, an increase of 140 billion KRW from the original 310 billion KRW, covering about 108,985㎡ at San 35-2, Jeongja-dong, Buk-gu. Construction will resume in the first half of next year and is scheduled to be completed by the end of 2023.

The facilities to be introduced at Gangdong Lotte Resort include accommodation, Garden Pool & SPA, Glamping Zone, and Garden Cafe.

Some facilities such as the Glamping Zone and Garden Cafe will be prioritized for opening in December next year, while the entire facilities including accommodation will be completed by 2023.

Detailed plans include an outdoor pool to enjoy all four seasons in nature, therapy spa, oriental medicine spa in the Garden Pool & SPA, couple and family glamping, cabins and caravans in the Glamping Zone, a professional restaurant area, and children’s health experience facilities in the Garden Cafe.

The accommodation facilities such as resort condominiums will be expanded from 294 rooms to about 950 rooms to address the shortage of lodging in Ulsan and promote extended-stay tourism.

Ulsan City expects that this business agreement will accelerate private investment attraction for the long-stalled ‘Gangdong Tourism Complex development project.’

An official from Ulsan City said, “There was regret over the suspension of construction of the Waterpark District, which was promoted as a key leading facility within the Gangdong Tourism Complex. By signing the business agreement today to resume construction, we expect that private investment attraction for the long-stalled Gangdong Tourism Complex will be revitalized, accelerating development in the Gangdong area.”

The Gangdong Tourism Complex development project is a mammoth private investment project worth 2.6 trillion KRW, divided into eight districts, covering 1,367,240㎡ in Sanha-dong, Jeongja-dong, and Muryong-dong areas of Buk-gu, Ulsan City.

The districts to be developed include the Youth Training District, Complex Sports District, Tower Condo District, Waterpark District, Theme Park District, Training and Leisure District, Health and Recreation District, and Herb Theme District.

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