LH Gwangju Jeonnam Headquarters Signs Agreement for 'Mokpo Sangrak Happy Housing Construction Project'

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] LH Gwangju-Jeonnam Regional Headquarters (Head Lee Jae-ro) signed a basic agreement for joint project implementation of the 'Mokpo Sangnak Happy Housing Construction Project' with Mokpo City on the 15th.

This project is part of the '1897 Open Port Culture Street Urban Regeneration New Deal Project' promoted in 2017, aiming to develop a complex of happy housing and a community platform to stabilize local residents' housing and improve regional public services.

The Mokpo Sangnak Happy Housing will be constructed on a site of approximately 1,800㎡ in the Sangnak-dong area of Mokpo City, Jeonnam, to revitalize the declining old downtown area.

LH and Mokpo City plan to invest 16.5 billion KRW to build public rental housing (60 units) and a community platform (1,214㎡), with a project period of 2 years and 1 month, scheduled to commence construction in December next year.

This agreement is expected to materialize the project, with LH Gwangju-Jeonnam Regional Headquarters responsible for permits, construction-related tasks, and operation and management of the happy housing, while Mokpo City will handle administrative support for permits, free lease of the project site, and operation and management of the community platform.

Lee Jae-ro, head of LH Gwangju-Jeonnam Regional Headquarters, stated, “We plan to proceed without delay through collaboration with Mokpo City to swiftly commence the Mokpo Sangnak Happy Housing Project,” adding, “We expect this to restore vitality to the Sangnak-dong old downtown area, which is experiencing population decline and aging living infrastructure.”

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