Yeosu Gyeongdo Marine Tourism Complex, Will Mirae Asset Resume the Project?

Yeosu Citizens, Especially Gyeongdo Residents, Humbly Accept Requests to Resume the Project

Jeonnam Province, Yeosu City, Yeosu City Council, and Civic Groups Hold Consultations and Meetings to Resolve Misunderstandings and Project Risks

[Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik] Chae Chang-seon, head of Mirae Asset, which is promoting the Yeosu Gyeongdo Marine Tourism Complex, announced on June 3 that efforts will be made to resume the project.

Mirae Asset, which had temporarily suspended the development project, evaluated that misunderstandings have been resolved through consultations and meetings with institutions and organizations such as Jeollanam-do, Yeosu City, Yeosu City Council, and civic groups.

He added that he would report to headquarters that the regional risks that had made project progress difficult are being resolved through this process.

After the meeting with the chairman of Yeosu City Council and the second meeting with civic groups on June 3, Chae Chang-seon, head of Mirae Asset, explained his position as follows.

"Due to the suspension of the Yeosu Gyeongdo Marine Tourism Complex development project for reconsideration, many Yeosu citizens, especially Gyeongdo residents, are actively hoping for the project's resumption. As the misunderstandings with the local community have been resolved, the Mirae Asset consortium will strive to promptly restart construction so that the project can proceed smoothly, contribute to the local community, and become a valuable asset for future generations." Also, following the meeting on May 20 and the meeting with the chairman of Yeosu City Council on this day, the Yeosu City Council stated that it will unite efforts at the council level to ensure the resumption of the Gyeongdo project, and requested that Mirae Asset further communicate and cooperate with the local community.

Meanwhile, the civic group that formed the ‘Committee for the Opposition to the Construction of Residences’ said, "Through dialogue so far, misunderstandings and unrecognized issues have been resolved, and we requested Mirae Asset to succeed in the project and work to revitalize the local economy. We will unite efforts to make it Asia’s top marine tourism complex, and especially ask for efforts to expand employment through local job creation." At the same time, they conveyed the results of consultations, stating, "We will continue monitoring as our fundamental duty as a civic group and hope for the resumption of Mirae Asset’s Gyeongdo project."

The civic group plans to organize these contents and make a statement next week.

Accordingly, Jeollanam-do, the Gwangyang Bay Area Free Economic Zone Authority, and Yeosu City will discuss the schedule for Mirae Asset to resume the project starting next week and will continue to expand communication with Yeosu City Council, civic groups, and others.

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