Haenam-gun Achieves Milestone by Being Selected for First Urban Regeneration New Deal Project Competition

Secured 14.2 Billion KRW for Haenam-eup Old Town Revitalization by 2024

Focus on Best Practices for Revitalizing Local Markets and Improving Residential Environment Using Traditional Markets

Haenam-gun Urban Regeneration Project Conceptual Diagram (Photo by Haenam-gun)

[Asia Economy Honam Reporting Headquarters Reporter Kim Hyun] Haenam-gun, Jeollanam-do (Governor Myeong Hyun-gwan) has been selected for the 2020 Urban Regeneration New Deal Project competition hosted by the Ministry of Land, Infrastructure and Transport.

According to Haenam-gun on the 4th, the Urban Regeneration New Deal competition project is a national urban innovation project targeting areas urgently needing community recovery and protection of small local businesses closely tied to daily life. After a three-stage evaluation process including document review and on-site inspection by metropolitan local governments, presentation evaluation, followed by a comprehensive evaluation by the Ministry of Land, Infrastructure and Transport and deliberation by the Urban Regeneration Special Committee chaired by the Prime Minister, a total of 47 sites were finally selected.

In particular, the Urban Regeneration New Deal project, known for its complex and stringent evaluation procedures, is a difficult competition project that usually takes 3 to 4 years to be selected. Haenam-gun achieved the remarkable feat of being selected on its first attempt this year.

Haenam-gun’s plan to utilize traditional markets as regional community, start-up, and tourism hubs, create specialized streets, revitalize commercial districts, and improve residential environments received very high evaluations during the competition phase and was introduced as a nationally representative excellent case in the general neighborhood type category.

Haenam-gun will implement a general neighborhood type urban regeneration strategy by investing 14.2 billion KRW by 2024 under the theme “Haenam-eup Old Downtown Regeneration with Beautiful Markets, Streets, and Streams, a Happy Living Space Nurturing the Future of Children and Community,” targeting the area near the daily market and the 5-day market in the town.

After the review by the Jeollanam-do Urban Planning Committee and project approval around December, the county plans to actively promote the regeneration project from next year through 2024.

Governor Myeong Hyun-gwan stated, “The urban regeneration project is a core pledge made to the residents during the 7th local government term, and the selection in this competition will give momentum to the project’s promotion,” adding, “We will do our best to establish a new urban regeneration model suitable for the post-COVID-19 era.”

Meanwhile, Haenam-gun is emerging as a model local government for urban regeneration projects, having been selected for small-scale urban regeneration projects, Jeonnam-type urban regeneration projects, and now the Urban Regeneration New Deal project this year. It is attracting attention as it seeks Haenam-type urban innovation development plans beyond urban regeneration in the future.

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