Yeosu City Attracts Private Investment for Yulchon-myeon Development... LH and Jeonnam Development Corporation Did Not Even Visit

Yeosu City Council Member Joo Jae-hyun Mentions in Marine City Construction Committee Administrative Audit Review
Reason for No Announcement of Service Results Over a Year... Remarks Indicate Decision to Attract Private Investment

[Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] Yeosu City Council member Joo Jae-hyun raised the issue of the Yulchon housing development on the 26th of last month at the Marine City Construction Committee meeting room, saying, "I was quite angry during the audit process."

"It seems that it has already been over a year since the service was commissioned, and I cannot understand why the service results have not yet been finalized. I can only see it as the city's unwillingness to develop," he said, adding that he felt as if the city was just buying time with the service.

This was a criticism of Yeosu City for being completely silent despite a considerable amount of time having passed since commissioning the service related to the Yulchon development.

Councilman Joo said, "The neighboring city of Suncheon is developing housing in an area less than one kilometer from the Yulchon-Yeosu boundary." He added, "Suncheon is preparing proactively, so when I think about why Yeosu is so sluggish and relaxed, it makes me angry."

He also said, "Many people who are concerned about Yeosu City say that Yulchon needs to be developed quickly and that early construction should begin," and added, "I wondered if our city alone is unaware of this."

"Why is Suncheon moving so quickly into our Yeosu area?" he asked. "Isn't it with the purpose of securing more citizens centered around the Yulchon Industrial Complex?" He also mentioned, "Gwangyang is preparing housing development in the Sepung Industrial Complex."

Councilman Joo views Haeryong-myeon and the Shindae district of Suncheon City, the Sepung Industrial Complex of Gwangyang City, and Yulchon-myeon of Yeosu as a triangle of three cities. He pointed out that while the two local governments are preparing, Yeosu City is doing nothing.

When discussing the integration of the three cities and the attraction of a medical school hospital to the eastern region of Jeollanam-do, the reason for emphasizing Yulchon-myeon's location was because, as Councilman Joo argued, Yulchon-myeon is one vertex of the triangle.

Councilman Joo said, "If the city lacks the capacity to undertake public development, since private projects are also development projects, I think it could be the last resort as a desperate measure."

In response to Councilman Joo's inquiry, the head of Yeosu City's Urban Facilities Project Team said, "Public development of the Yulchon housing development is realistically difficult, so we will try to attract private investment."

"We have tried to contact LH and Jeonnam Development Corporation, but due to COVID-19, they told us not to come, so we couldn't visit. However, we plan to visit next week to try to attract them, and we will also actively work to attract general private companies," he said.

The reason for not completing the service was explained as, "If the service is completed, it would be difficult to handle requests from private companies to modify the drawings."

In other words, Yeosu City has decided to pursue private investment for the development of Yulchon-myeon.

There is inevitably a significant difference between public development and private investment development in terms of urban planning and scale.

Also, since private investment takes several more years than public development, most interpret that Yulchon development is still far off.

The explanation that LH and Jeonnam Development Corporation told them not to come due to COVID-19 shows that Yeosu City, led by Mayor Kwon Oh-bong, is taking a passive administrative stance on Yulchon development.

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