LH Gwangju Jeonnam Headquarters "Suncheon Urban High-Tech Industrial Complex Development Project Progressing Smoothly"

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] Korea Land and Housing Corporation Gwangju Jeonnam Regional Headquarters (Head Lee Jae-ro) plans to complete the development of the Suncheon Urban High-tech Industrial Complex by December 2024.

According to the LH Gwangju Jeonnam Headquarters on the 24th, the Suncheon Urban High-tech Industrial Complex is the first project to be implemented in Jeollanam-do among the government-led high-tech industrial complex development projects. It is being developed on approximately 190,000㎡ in the Yahueng-dong area of Suncheon City with a project cost of 76 billion KRW.

LH began loss compensation negotiations in October 2018 and completed compensation for land and fixtures for about 250 original residents. Construction started in December last year and development work is currently underway.

The Suncheon Urban High-tech Industrial Complex is planned as a convergence complex industrial park combining advanced knowledge industries and service sectors responding to the 4th Industrial Revolution, with more than 60% of the total supply area designated as industrial land. Along the adjacent Isacheon Stream, commercial facilities, residential complexes, and waterfront parks will be arranged to create a city where living and relaxation coexist.

In terms of location, it has excellent transportation accessibility with the Namhae Expressway (Yeongam~Suncheon) Suncheon Bay entrance and exit, and the Jeolla Line KTX station. It is also adjacent to existing urban areas such as the Ocheon Residential District, providing good access to urban infrastructure including administration, medical services, and education.

Once the industrial complex is completed, it is expected to lead the 4th Industrial Revolution and strengthen the self-sufficiency function of the city center through job creation, becoming a platform for regional innovative growth. LH plans to contribute to residential stability for local residents by supplying 300 units of Happy Housing within the Suncheon Urban High-tech Industrial Complex in 2023.

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