Yeoju City Develops Korea's Largest 1 Million㎡ Logistics Complex Near Namyeoju IC

Total Project Cost of 2.2 Trillion Won Invested

[Asia Economy Reporter Ra Young-cheol] Yeoju City is creating the largest new logistics complex in South Korea near the expressway IC.

Yeoju City, which has faced difficulties in urban growth such as attracting companies due to overlapping regulations in the metropolitan area, announced this plan on the 10th, and submitted an environmental site consulting application to the Hangang River Basin Environmental Office on the 3rd. Next month, it plans to submit a request for designation of the logistics complex to Gyeonggi Province.

The '(tentative name) Yeoju Logistics Complex Development Project' will be carried out in a development agency method by Yeoju City as the project implementer and a private company as the preferred negotiation partner.

By 2026, a total project cost of 2.2 trillion KRW will be invested to build a 1 million ㎡ logistics complex near Namyeoju IC, including 640,000 ㎡ of logistics facilities, 32,000 ㎡ of support facilities, 290,000 ㎡ of public facilities, as well as public green spaces, roads, and exclusive parking lots for freight trucks.

A city official stated, "Gyeonggi Housing and Urban Corporation (GH) started a 'Yeoju City Logistics Complex Survey Analysis and Commercialization Plan Establishment Service' for 700,000 ㎡ in April."

Previously, the city has been promoting the development of a 1 million ㎡ logistics complex within a 5 km radius of eight expressway ICs in the jurisdiction through public development and agency development methods.

Through this, the development strategy aims to achieve low-carbon green growth, job creation, revitalization of the local economy, and to become a 'logistics hub city' in the southeastern Gyeonggi region.

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