Asan Tangjeong 2 Urban Development Project Officially Begins... Compensation Starts on the 10th

Targeting Construction Start in 2025

The ‘Tangjeong2 Urban Development Project’ in Asan City, Chungnam, has officially kicked off with the start of land compensation. Perspective view of the ‘Tangjeong2 Urban Development Project’

The 'Tangjeong 2 Urban Development Project' in Asan, Chungnam, has officially kicked off with the commencement of land compensation.

The Asan city government announced that compensation for the 'Tangjeong 2 Urban Development Project' will begin on the 10th. This compensation, taking place about four years after the district was designated in August 2020, marks the official launch of the 'Tangjeong 2 Urban Development Project.'

The compensation process for the 'Tangjeong 2 Urban Development Project' was led by the residents' countermeasure committee, which is centered around the heads of villages incorporated into the Tangjeong 2 district, and involved 12 rounds of compensation negotiations.

The project operator, LH, announced the land-for-land compensation plan?a system allowing compensation in the form of land instead of cash?on the 29th of last month, and since September 2, has been guiding land and building owners to apply for negotiated compensation.

Mayor Park Kyunggui said, "I would like to once again thank the local residents who have shared the city's vision for development, even through the pain of the unilateral cancellation of the new city in 2011 and the exclusion from the district again in 2020," and added, "Now, we will focus all our efforts on creating a model case of urban development where the development district and residential villages harmonize, and on building a premium new city."

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