Sono International Signs MOU with Danyang-gun for Yangbangsan Cable Car Development

(From the left) Ryu Han-woo, Danyang County Governor, and Min Byung-so, CEO of Sono International, are taking a commemorative photo after signing an investment agreement for the Danyang Tourism Cable Car Development Project at Danyang County Office, Chungbuk, on the 12th.

[Asia Economy Reporter Yuri Kim] Daemyung Sono Group's Sono International announced on the 13th that it signed an investment agreement on the 12th with Danyang-gun, Chungbuk, for the development project of the Danyang tourism cable car.

This project involves constructing a cable car over a 1.6 km section from Sono Moon Danyang Resort, operated by Sono International, to the summit of Yangbangsan. Construction began in March 2023, with completion targeted for March 2025. The facility's operating rights will be permanently held by the Sono International consortium, with a total investment of approximately 55 billion KRW.

At the summit of Yangbangsan, a new cultural space will be established, including a cafe offering panoramic views of Danyang city and the Namhan River, as well as attractions such as a sky swing (swing) and slingshot for children and teenagers to experience. The company expects the outstanding scenery visible from the summit to establish the site as a local landmark.

The company stated, "The Yangbangsan cable car will serve as a landmark for the tourism projects promoted by Danyang-gun, and will create significant synergy with existing tourism infrastructure such as paragliding and the Mancheonha Skywalk. Sono International plans to build a new foundation using the cable car to make Danyang-gun a core area of the central inland tourism belt."

They added, "Following Sacheon and the recently opened Chuncheon Samaksan cable car, we are currently promoting joint cable car projects with local governments in Danyang, Ulsan Daewangam, and Samcheok Yonghwa. Through this, we will strengthen our position as the top cable car constructor and operator in Korea."

Meanwhile, in June, Sono International also signed a business agreement for the 'Development Project of the Old Jungang Line Railway Facilities' to transform the abandoned railway in Danyang-gun into a rail bike track and expand infrastructure (SOC) in the tourism and leisure sectors.

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