A 'Future-Oriented Transportation Hub' Established at Gimpo Airport, Gangseo-gu, Seoul... 3 Trillion Won Invested

Government Selects 32 New Sites for Urban Regeneration New Deal Projects
Establishing Hubs like UAM and S-BRT at Gimpo Airport

Aerial view of the UAM takeoff and landing site in the Urban Regeneration Innovation District at Gimpo Airport, Gangseo-gu, Seoul (Photo by Ministry of Land, Infrastructure and Transport)

The government will invest approximately 3 trillion won to develop the area around Gimpo Airport in Gangseo-gu, Seoul, into a key regional hub in the southwestern area. By establishing future-oriented transportation hub facilities and mobility innovation industry facilities, it aims to lay the foundation for the advancement of the aviation industry and create about 30,000 jobs.

On the 16th, the Ministry of Land, Infrastructure and Transport announced that through the 29th Urban Regeneration Special Committee, a total of 32 locations, including Gangseo-gu in Seoul and Anyang-si in Gyeonggi Province, were selected as the third new urban regeneration New Deal projects for this year.

For the 32 selected project sites, a total of 5.2 trillion won will be invested by 2028, including 300 billion won in national funds and 3.3 trillion won in private capital, to regenerate 2.8 million square meters of declining areas.

About 2,500 new housing units, 22 startup support facilities, and 58 living SOC facilities will be supplied to improve the residential environment and create approximately 44,000 jobs.

The Gimpo Airport Urban Regeneration Innovation District in Gangseo-gu, Seoul, will be reborn as a new regional hub in the southwestern part of Seoul. Facilities that promote coexistence between the airport and surrounding areas will be established in the Gimpo Airport area, which had been declining due to development restrictions caused by airport facilities, disconnection from surrounding areas, and aging airport support facilities.

Along with future-oriented transportation hub facilities linked to urban rail, trunk bus rapid transit (S-BRT), and urban air mobility (UAM) takeoff and landing pads, aviation-related business and educational facilities, mobility innovation industry facilities will be created, and the insufficient living SOC in the area will be expanded.

This project will be implemented through a special purpose company (SPC) led by Korea Airports Corporation, with a total investment of 2.964 trillion won planned by 2027.

The innovation district project is expected to generate an economic ripple effect of about 4 trillion won and create approximately 29,000 jobs.

In addition, Daegu Dalseo and Suseong districts, Incheon Michuhol district, Gwangju Buk district, Ulsan Dong district, and Gyeonggi Province’s Yeoju, Pocheon, Seongnam, as well as Hwacheon in Gangwon Province, were also selected as urban regeneration New Deal project sites.

Kim Gyu-cheol, head of the Urban Regeneration Project Planning Division at the Ministry of Land, Infrastructure and Transport, said, "We are promoting various New Deal projects responding to urban decline, ranging from economically impactful projects like the Gimpo Airport Innovation District selected this time to village-level regeneration projects. Starting next year, we will accelerate the project pace by completing more than 100 New Deal projects to realize tangible results."

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