Bucheon Gokang, Dongducheon Saengyeon, and Paju Geumchon 'Urban Regeneration New Deal Projects' Underway

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Three locations in Gyeonggi Province?Gogang-dong in Bucheon City, Saengyeon-dong in Dongducheon City, and Geumchon-dong in Paju City?have been confirmed as target sites for the 'Urban Regeneration New Deal Project' aimed at revitalizing underdeveloped areas.

According to Gyeonggi Province on the 30th, the government held the 28th Urban Regeneration Special Committee meeting and finally selected 39 sites nationwide, including these three areas, as targets for the Urban Regeneration New Deal Project.

The three selected sites are all classified as general neighborhood type (aiming to activate resident communities and local alleyway markets): ▲Gogang-dong, Bucheon City, 186,780㎡ ▲Saengyeon-dong, Dongducheon City, 179,977㎡ ▲Geumchon-dong, Paju City, 149,734㎡.

A total of 21.6 billion KRW in national funds will be provided to these areas over four years.

Regarding the main project details, Gogang-dong in Bucheon City will promote a regional landmark project linked to the prehistoric relic park and establish the 'Economic Experiment Gorium House,' a village cafe, home repair workshop, and collaborative space to strengthen the local economic foundation.

Saengyeon-dong in Dongducheon City will carry out regional revitalization projects through the 'Saengjunggae Win-Win Platform,' which includes creating a sarangbang (traditional guest room) and enhancing merchant capabilities. Additionally, a Jeil Cultural Platform project will be implemented using vacant stores within Jeil Shopping Center.

In Geumchon-dong, Paju City, a neighborhood market consulting center will be established, and the 'New Geumchon Market Street' project will be promoted to improve the streetscape along Geumjeong-ro.

Including these three selected projects, Gyeonggi Province will conduct the Urban Regeneration New Deal Project at the largest number of 52 sites nationwide over five years. By 2026, a total of 849.5 billion KRW will be invested, including 498.5 billion KRW in national funds.

Hong Ji-seon, Director of the Urban Housing Office of Gyeonggi Province, stated, "The Gyeonggi Province Urban Regeneration New Deal Project, which started in 2017 and is now in its fifth year, will see the first completion this year in the Wondang area of Goyang, with annual project completions continuing. We will continue monitoring and consulting on project sites to ensure smooth commencement and normal progress of selected projects so that each project can achieve the planned outcomes within the scheduled timeframe."

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