Pohang City-KAMCO, Consignment Contract for 'Living SOC Complex Project'

Indoor Swimming Pool, Multipurpose Gymnasium, and Youth Culture House Equipped ... Target Completion in 2025

From the left, Lee Gang-deok, Mayor of Pohang, and Moon Seong-yu, President of Korea Asset Management Corporation (KAMCO).

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Jae-ho] On the 9th, Pohang City signed a consignment contract for the living SOC complex project of the multi-purpose complex center being promoted in Won-ri, Ocheon-eup, Nam-gu with Korea Asset Management Corporation (KAMCO, President Moon Sung-yu).

The multi-purpose complex center was selected as a national subsidy project in 2021 according to the government's 'Living SOC 3-Year Plan'.

With a total floor area of 8,700㎡, it will be equipped with various facilities such as an indoor swimming pool, multi-purpose gymnasium, youth culture house, Dahamkke Care Center, and public office building. It is expected to improve the quality of life for citizens by establishing infrastructure facilities closely related to daily life such as sports, childcare, and culture.

The project cost, including land acquisition, is approximately 45 billion KRW. Pohang City entrusted the project to KAMCO, which has both expertise and stable financing capabilities, aiming to start the design competition in 2021 and complete construction by 2025.

Mayor Lee Kang-deok stated, "Through this development project, the Nam-gu area will be further developed, playing a significant role not only in revitalizing the local economy and improving quality of life but also in attracting population to the region."

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