Allocation of 734,000㎡ in Industrial Areas of Yongin, Hwaseong, and Dongducheon... Expected to Revitalize Local Economy

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province will allocate 734,000㎡ of industrial complex-excluded industrial area land in three regions?Yongin, Hwaseong, and Dongducheon?in the second half of this year to revitalize the local economy and prevent indiscriminate development.

On the 6th, Gyeonggi Province announced plans to allocate a total of 734,000㎡ (equivalent to 102 soccer fields), including 24,000㎡ in Yongin City, 125,000㎡ in Hwaseong City, and 585,000㎡ in Dongducheon City in the second half of this year.

The province plans to finalize the allocated volume after reviewing detailed project plans such as site suitability, land use plans, and infrastructure plans for these three regions. As a result, the allocation volume for cities and counties within the province’s approved industrial complex-excluded industrial areas has increased to a total of 1,787,000㎡ (75% of the total).

Since the 2.38 million㎡ quota allocated to Gyeonggi Province will automatically expire after 2023, the remaining 593,000㎡ will also be allocated without delay through demand surveys by cities and counties and progress checks for each project.

According to the land use plans submitted by these three regions, Yongin City aims to promote planned management of individually located factories by reorganizing the overall area of aging factories and mixed-use zones, and to attract factories relocating from the overconcentration control zone.

Hwaseong City plans to induce factory sites linked with nearby industrial facilities, such as attracting vendor companies of Hyundai and Kia Motors, while preventing indiscriminate development through systematic and planned maintenance. Dongducheon City intends to contribute to balanced development between northern and southern Gyeonggi by discovering local economic opportunities through attracting large-scale factories.

Hong Ji-seon, Director of the Urban Housing Office of the province, emphasized, "So far, the allocation rate within the province is 16.7% in the southern region and 83.8% in the northern region, allocating more to the north to promote balanced development between north and south. We will do our best to manage the total volume of industrial areas through demand surveys by cities and counties and progress checks for each project, considering regional characteristics."

Meanwhile, industrial complex-excluded industrial areas refer to sites of 30,000㎡ or more designated for industrial use under the 'National Land Planning and Utilization Act' as industrial areas and under the 'National Land Planning Act' as district unit planning zones and development promotion districts. Although not industrial complexes, these areas can attract new factories, which helps regional development.

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