Cheonan and Two Other Cities and Counties in Chungnam Selected for Urban Regeneration New Deal Project

[Asia Economy (Hongseong) Reporter Jeong Il-woong] Three cities and counties in Chungnam, including Cheonan, have been selected for the government’s ‘Urban Regeneration New Deal Project.’ Chungnam plans to promote the Urban Regeneration New Deal Project in a total of 24 locations, including these project sites. The total project cost is expected to be approximately 1.6601 trillion KRW.

According to Chungnam Province on the 4th, the Ministry of Land, Infrastructure and Transport recently included the following in the ‘Urban Regeneration New Deal 2020 Project’: ▲ Cheonan’s ‘Integrated Care Village Bongmyeong (General Neighborhood Type) coexisting with Janghang Line’ ▲ Geumsan’s ‘Human-centered Regeneration, Village Growing Together with Ginseng (General Neighborhood Type)’ ▲ Seocheon’s ‘Inclusive City Connecting People and Space, Seocheon.’

Taking this opportunity, Cheonan will invest 52.9 billion KRW in the Bongmyeong-dong area (124,724㎡) to implement projects such as establishing a community-integrated care system, building community hubs, improving residential environments, creating a railway-themed complex cultural and startup space, revitalizing the local commercial district, and establishing a self-sustaining village economy.

Additionally, Cheonan plans to link issues such as the decline of the local commercial district following the relocation of Cheonan Medical Center with community-related projects, aiming to expand the base of urban regeneration projects and promote regional revitalization through win-win cooperation.

Geumsan plans to promote the Urban Regeneration New Deal Project in the Jungdo-ri area (153,502㎡). With a project budget of 21.3 billion KRW, the core contents include creating community hubs, revitalizing local commercial districts, building living infrastructure, and strengthening regional capabilities.

Through this, Geumsan aims to create regional hubs utilizing modern and contemporary buildings with high preservation value, activate communities, and revitalize commercial districts using locally specialized ginseng.

Seocheon will invest 31.5 billion KRW in the Urban Regeneration New Deal Project covering 155,000㎡ in the Seocheon-eup area. The project aims to realize inclusive urban regeneration by linking issues arising from new town development and the relocation of the county office with surrounding areas, securing hub functions, and strengthening connection systems with neighboring regions to promote regional revitalization.

An official from the province said, “The selection for the Urban Regeneration New Deal Project is expected to play a positive role in expanding the supply of living SOC and expanding regional innovation hub spaces,” adding, “The province will strive to achieve four major goals through the Urban Regeneration New Deal Project: residential welfare, strengthening urban competitiveness, social integration, and job creation.”

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