Hapcheon-gun Teams Up with Private Businesses to Launch Leap Toward Cultural Tourism City

‘Hapcheon Yellow River Town Development Project’ Agreement
150,000 Pyeong Residential Complex, Agricultural Complex, Leisure Facilities, and Tourist Attractions Development

Investment Implementation Agreement for Yellow Rivertown Development Project.

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Hapcheon-gun, Gyeongnam Province, and the private company 'GLF&I' announced on the 4th that they have signed a Memorandum of Agreement (MOA) for the 'Hapcheon Yellow River Town Development Project.'

This implementation agreement includes provisions for the development of a residential complex, agricultural complex, leisure facilities, and tourist attractions covering approximately 495,000㎡ in the Seongsan-ri area of Yongju-myeon through private investment.

Last July, the county and GLF&I signed a memorandum of understanding to promote the project, but progress was temporarily delayed due to the COVID-19 pandemic.

Recently, as the investor's conditions have improved, full efforts will be made to achieve concrete results in 2022.

County Governor Moon Jun-hee stated, "Once Yellow River Town, equipped with rest areas and leisure facilities, is established, it will naturally lead to job creation and population growth," adding, "We expect it to be a step forward toward becoming a cultural tourism city in the With-Corona era."

Park Geun-yeol GLF&I CEO said, “We will do our best to complete Yellow River Town as soon as possible and coexist with Hapcheon-gun.”

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