Completion of Phase 1 Construction for Sacheon IC Complex Distribution Industry Complex Urban Development Project

Distribution Industry Facilities, General Commercial Facilities, etc.

The Sacheon IC Complex Distribution Industry Complex Urban Development Project (Sacheon Sky City), being developed as the largest commercial and logistics distribution hub in western Gyeongnam, is progressing smoothly.

According to Sacheon IC Urban Development, a public-private joint special purpose corporation, the first phase of the Sacheon IC Complex Distribution Industry Complex Urban Development Project, which has been underway since 2018 around Sacheon IC, the gateway to Sacheon City, has been completed.

The completed first phase covers an area of 240,621.4㎡, consisting of distribution industry facilities of 49,682.4㎡, general commercial facilities of 98,326.8㎡, and urban infrastructure (roads, parks, parking lots, green spaces, etc.) of 92,612.8㎡.

Photos of Phase 1 Construction Section of Sacheon IC Complex Distribution Commercial District Urban Development Project (Sacheon Sky City)

The Sacheon IC Complex Distribution Industry Complex Urban Development Project spans a total area of 262,000㎡ with a total project cost of 115 billion KRW. It will be developed as an all-in-one city where logistics facilities, wholesale and retail distribution complexes, cargo terminals, hotels, medical facilities, office buildings, and commercial facilities are gathered in one place.

Moreover, it is optimally located as a transportation hub connected to Sacheon IC, directly linked to National Route 3, Namhae Expressway, and the Daejeon?Tongyeong Expressway. It is 3 minutes from Sacheon Airport, 10 minutes from Shin-Jinju Station, and 20 minutes from Samcheonpo Port.

As a result, the demand for logistics, distribution, and commercial activities in Sacheon is expected to increase beyond current levels, enhancing future value and significantly contributing to the synergy effect from the concentration of commercial facilities as well as revitalizing the commercial district.

In particular, it is expected to become a landmark facility in Sacheon City, known as the aerospace capital where most of the domestic aerospace industry is concentrated.

Meanwhile, the Sacheon IC Complex Distribution Industry Complex Urban Development Project once faced the risk of being stalled due to the global financial crisis, but through changes in private investment, Taewang ENC succeeded in taking over construction, leading to the current progress.

An official from the city stated, “The Sacheon IC Complex Distribution Industry Complex Urban Development Project will establish distribution industry and logistics infrastructure,” adding, “We will do our best to revitalize the local economy and achieve balanced industrial development.”

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