Ulsan 'Nammok General Industrial Complex' Included in Speculation Ban... Newly Designated as Land Transaction Permission Zone

Announcement for 2 Years from February 1, 2024 to January 31, 2026

New Industry Promotion Zone for Electric Vehicle Parts and Hydrogen Fuel Cells

The area around Ulsan's 'Nammok General Industrial Complex' has been newly designated as a land transaction permission zone to curb speculative transactions.

Ulsan City announced on the 25th that it will designate an area of 0.7㎢ covering Seobu-dong in Dong-gu and Yeompo-dong in Buk-gu as a land transaction permission zone for two years from February 1, 2024, to January 31, 2026.

A land transaction permission zone is an area designated to block speculative land transactions and prevent rapid land price increases.

Aerial photo of the land transaction permission zone in Nammok General Industrial Complex.

Cadastral map of the land transaction permission zone in Nammok General Industrial Complex.

Accordingly, during the designation period, any land transactions exceeding a certain scale in this zone require permission from the heads of Dong-gu and Buk-gu offices, and only genuine buyers can acquire land.

An official from Ulsan City stated, "Due to concerns about speculative transactions and rising land price expectations following the promotion of the Nammok General Industrial Complex project, the area has been designated as a land transaction permission zone."

The Nammok General Industrial Complex is being developed by Ulsan City to advance its core industries and foster future new industries. The Ulsan Urban Corporation is implementing the project, and once completed by 2028, companies related to electric vehicle parts and hydrogen fuel cell manufacturing will be established there.

Land transaction permit zones and permitted transaction areas in the Nammok General Industrial Complex.

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