Goyang Economic Free Zone, Minimizing Residential Land to Leap as a Global Self-Sufficient City

Goyang Economic Free Zone Residential Land Ratio 6.2%... "Half the Level of Other Regions"
Minimum Residential Land Secured to Create Proximity Living Environment for Foreign Workers

Goyang Special City, Gyeonggi Province (Mayor Lee Dong-hwan) stated that the residential land in the Free Economic Zone development plan is planned with a minimal residential land ratio to supply foreign residents with proximity to work, create a residential environment, and provide industrial land below cost price, dismissing concerns that the number of houses in the Free Economic Zone is excessive and may lead to a bedroom community.

The city announced on the 30th that it planned 6.2% of the total planned area as residential land by accepting some residents' opinions gathered through a public opinion hearing process to create a residential environment with proximity to work for foreign-invested companies and excellent overseas talent.

It also explained that the residential land ratio was minimized to prioritize the policy goal of self-sufficiency. In fact, compared to other Free Economic Zones, the residential land ratio in the Goyang Free Economic Zone is about half and is very low.

A city official said, "There seems to be concerns about additional housing supply because Goyang City has remained a bedroom community so far. However, the claim that the bedroom community is accelerating due to residential land in the Free Economic Zone is an excessive speculation," adding, "The additional housing supplied is planned minimally to create a residential environment for foreigners as stipulated in Article 5 of the Free Economic Zones Act, which defines the designation requirements of the Free Economic Zone. We will promote a Free Economic Zone with the best residential conditions with the minimal residential land ratio."

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