Accelerating Full Redevelopment Around Dongincheon Station... Incheon City and Urban Corporation Sign Project Promotion Agreement

Full Public Development in Connection with the 'Jemulpo Renaissance' Project

Development projects around Dongincheon Station on the Gyeongin Line, a representative old downtown area of Incheon, are expected to accelerate.

On the 7th, Incheon City signed a 'Basic Agreement on the Promotion of the Complex Development Project around Dongincheon Station' with Incheon Urban Corporation. Moving forward, the city plans to collaborate with Incheon Urban Corporation by dividing roles in the process of promoting full public development in connection with the old downtown revitalization project, 'Jemulpo Renaissance.'

To shorten the development schedule, the city will promptly carry out the procedure to change the redevelopment promotion plan around Dongincheon Station by next year, and Incheon Urban Corporation will actively participate as the project executor. The city expects that this project will improve residential conditions around Dongincheon Station and revitalize the local commercial district.

Incheon Mayor Yoo Jeong-bok and Cho Dong-am, President of Incheon Urban Corporation (right), are taking a commemorative photo after signing the "Basic Agreement on the Promotion of the Complex Development Project around Dongincheon Station" on the 7th.
[Photo by Incheon City]

The area around Dongincheon Station was once the center of the local economy, but now the surrounding commercial district has declined and buildings have aged. Development projects and urban regeneration revitalization projects around Dongincheon Station that have been promoted so far have been stalled for a long time due to lack of profitability caused by the economic downturn and opposition from residents. Problems such as population outflow and aging are also worsening.

In response, Incheon City applied to the Ministry of Land, Infrastructure and Transport last September to cancel the 'Dongincheon Station 2030 Station Front Project' urban regeneration revitalization plan, and Incheon Urban Corporation has started the 'Basic Concept and Feasibility Study for the Complex Development Project around Dongincheon Station.'

The city plans to secure the public nature and stability of the development by promoting it through a public development method involving Incheon Urban Corporation, and to dramatically transform the area around Dongincheon Station (Songhyeon-dong 100-179, etc., 79,797㎡) through complex development.

Mayor Yoo Jeong-bok said, "The complex development project around Dongincheon Station linked with Jemulpo Renaissance will become a successful model for the recreation of the old downtown," and added, "We will promote the project so that the changes in the old downtown can be felt."

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