Shinsegae Property Selected as Preferred Negotiator for Gwangju Eodeungsan Tourism Complex Development

Shinsegae Property Co., Ltd. has been selected as the preferred negotiation partner for the Eodeungsan Tourist Complex Development Project in Gwangju.

Gwangju Metropolitan City and Gwangju Urban Corporation recently held the 'Eodeungsan Tourist Complex Amusement Park Site Development Evaluation Committee' and announced on the 26th that Shinsegae Property Co., Ltd. was selected as the preferred negotiation partner after scoring over 850 points in the evaluation of the business proposal submitted by the company.

The evaluation committee was formed by drawing 11 members from a pool of 99 personnel assembled by Gwangju Urban Corporation through an open recruitment process. After reviewing five evaluation criteria for Shinsegae Property’s business proposal, the company received high scores particularly in the area of project execution capability.

With Shinsegae Property selected as the preferred negotiation partner, Gwangju City plans to form a working-level consultative body with Gwangju Urban Corporation and operate the negotiation team flexibly. The working-level consultative body intends to resolve key issues during the 60-day negotiation period through a thorough analysis of the project plan.

Gwangju City aims to commence construction of the Eodeungsan Tourist Complex Development Project by the end of 2025, planning to finalize agreements and complete preliminary procedures such as selecting a private developer within this year.

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