LH Signs Business Agreement to Develop Seongnam Geumto District as a 'New Deal Pilot City'

[Asia Economy Reporter Je Moon-won] Korea Land and Housing Corporation (LH) announced on the 8th that it signed a business agreement at Gyeonggi Provincial Government Office with Gyeonggi Province, Seongnam City, and Gyeonggi Housing and Urban Corporation to develop the Seongnam Geumto District as a New Deal pilot city.

The New Deal pilot city is an urban space aimed at creating jobs and ensuring housing stability through digital and green New Deals by attracting 'Data, Network, AI (D.N.A)' industries to the city and establishing low-carbon infrastructure.

The New Deal pilot city is specialized into four major areas: ▲Digital New Deal ▲Green New Deal ▲Human New Deal ▲Job Creation.

In the Digital New Deal sector, the city will be realized as a digital economy-centered city through the activation of autonomous shuttle operations, fostering D.N.A and non-face-to-face industries, building digital twins, and introducing next-generation intelligent transportation systems (C-ITS).

In the Green New Deal sector, tasks are set to establish a foundation for personal mobility activation, spread zero-energy cities, install green curtains on building exteriors, and introduce low-carbon infrastructure, aiming to create a city where people, environment, and growth harmonize.

In the Human New Deal sector, the focus is on promoting innovation and sharing through establishing citizen-participatory innovation platforms, spreading sharing culture such as shared offices and shared transportation, and creating cultural spaces.

The Job Creation sector consists of tasks to create a sustainable corporate ecosystem, expand youth startup spaces, and supply customized job-linked housing to build a vibrant city full of youth energy.

According to this agreement, LH will promote the overall planning and development of the New Deal pilot city, including establishing specialized strategies and reflecting them in district plans. Gyeonggi Province will oversee administrative support for the pilot city development, and Seongnam City will handle administrative procedures such as permits and approvals.

These institutions agreed to actively cooperate by concretizing specialized strategies and reflecting them in district plans by the end of next year.

LH plans to develop Seongnam Geumto District as a New Deal specialized city that leads the 4th Industrial Revolution by creating synergy with corporate growth spaces within the nearby Pangyo 1 and 2 Techno Valleys, where workplaces and living spaces coexist.

An LH official stated, "We will do our best to continuously discover specialized elements of smart cities and zero-energy cities and apply them to public housing districts to further improve residents' quality of life."

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