Incheon Jemulpo Station Area Selected for Urban Regeneration New Deal Project... Completion in 2026

Selected as Preliminary Urban Regeneration Projects in Three Locations Including Dong-gu Maehwa Village

Incheon Jemulpo Urban Regeneration [Provided by Incheon City]

[Asia Economy Reporter Park Hyesook] Incheon City announced on the 16th that four areas, including the Jemulpo Station area, were selected in the Ministry of Land, Infrastructure and Transport's 2021 3rd Urban Regeneration New Deal Project contest.

The Urban Regeneration New Deal Project differs from urban maintenance projects such as reconstruction and redevelopment that completely demolish neighborhoods. Instead, it revitalizes aging residential areas and declining old downtowns through community-led initiatives while maintaining the existing appearance, thereby enhancing urban competitiveness.

In Incheon, the Jemulpo Station area in Michuhol-gu was selected for the "Central Business District-type Urban Regeneration Project," and three other locations?Maehwa Village in Dong-gu, Songnim Village in Dong-gu, and Songdo Station Market in Yeonsu-gu?were selected for the preliminary urban regeneration projects.

The city plans to invest a total of 70.4 billion KRW, including 18 billion KRW in national funds, by 2026 to promote urban regeneration under the theme "Jemulpo Opening the Future of a New 100 Years" for the Jemulpo Station area.

First, a "Young Square" building with three underground floors and ten above-ground floors will be constructed in the northern plaza of Jemulpo Station, featuring a software promotion complex, shared kitchens, and rooftop gardens.

Additionally, projects to create Damsodori Street, revitalize snack streets and woodworking craft streets, as well as landscape improvement and residential environment enhancement projects will be pursued.

The city expects that once this project is completed, the Jemulpo Station area, which lost vitality after Incheon University moved to Songdo, will see an increase in the floating population such as young people, resulting in job creation and community revitalization, thereby regaining its former vibrancy.

A total of 300 million KRW will be invested next year in the three areas selected for preliminary urban regeneration projects.

Maehwa Village in Songnim-dong, Dong-gu, will implement a regionally specialized regeneration project utilizing the village's history and cultural resources, while Songnim Village will establish a foundation for the distinctive regeneration of low-rise residential areas.

Furthermore, plans will be developed to revitalize Songdo Station Market in Yeonsu-gu, and sharing projects with the market, village, and residents will be promoted. Areas that complete the preliminary urban regeneration projects can later apply for the Urban Regeneration New Deal Project.

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