Yeosu Gyeongdo Marine Tourism Complex Development Project 'Resumed'

Mirae Asset Announces Intent to Resume Business and Promote Regional Mutual Growth

[Asia Economy Honam Reporting Headquarters Reporter Shim Kyung-taek] Mirae Asset has reversed its withdrawal from the Jeonnam Yeosu Gyeongdo Marine Tourism Complex development project and decided to resume the Gyeongdo development.

According to Yeosu City, on the 8th, at a meeting held in the mayor's office with the Gwangyang Bay Area Free Economic Zone Authority, Mirae Asset Group, Yeosu City Council, and the Citizens' Committee for Opposing the Construction of Gyeongdo Residences (hereafter ‘the Committee’), Mirae Asset promised to restart the Gyeongdo development project as soon as possible.

They also clearly stated their intention to strictly comply with the revised building regulations enacted on May 4th, which prevent tower-type residences from being used as residential units, and to operate the facilities as tourist accommodation by entrusting management to a professional lodging operation company.

Furthermore, they pledged to be a reliable partner for the local community by fulfilling promises such as prioritizing participation of companies, businesses, and equipment based in Yeosu, prioritizing employment of local talent, giving priority to local businesses for tenancy, and reinvesting 100% of development profits back into the local community for mutual growth.

The Yeosu City Council requested Mirae Asset to supplement the building improvement requirements that were suggested in the review opinions of the Jeollanam-do Architectural and Landscape Joint Committee.

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