Yangsan-si, Mulgeum-eup Mulgeum District Selected for 'New Village Project'

Up to 15 Billion KRW National Funding Support, Triumph in Contest Selection

Yangsan City in Gyeongnam has been selected in the New Village Project competition, which has emerged as a new paradigm for urban regeneration.

The New Village Project is a program introduced to improve the residential environment of aging low-rise residential areas such as row houses and multi-family houses where full redevelopment is difficult. Yangsan City will invest a total project cost of 35.2 billion KRW, including 15 billion KRW in national funds and 10 billion KRW in local funds, to improve the aging residential environment in the Mulgeum East and West villages, and to create infrastructure such as parking lots and community centers to enhance residents' quality of life.

This achievement is valuable as, although the New Village Project guidelines were finalized at the end of August this year, Yangsan was the only local government in Gyeongnam Province to form a resident consensus body for autonomous housing maintenance compared to other local governments. By steadily preparing the urban regeneration activation plan and undergoing in-depth evaluations and deliberations by the Ministry of Land, Infrastructure and Transport?including a residents' public hearing, first document evaluation, second on-site evaluation, and third presentation evaluation?Yangsan successfully overcame fierce competition among local governments nationwide and was selected as one of 32 sites across the country with excellent results.

The target area is the aging low-rise residential area within the Mulgeum East and West villages, which belong to the original downtown of Mulgeum-eup. In the past, this area was the center of Mulgeum, including the Mulgeum Township Office, Mulgeum Police Station, and Mulgeum Market, but now it is a village where about 900 households, mostly elderly, live in aging low-rise houses, preserving their hometown and spending their later years.

Mayor Na Dong-yeon said, “Being selected for the New Village competition, a new type of urban regeneration, is a great achievement made possible through cooperation between the administration and residents.” He added, “We will strive to ensure successful urban regeneration by improving the residential environment and establishing infrastructure and convenience facilities in the Mulgeum East and West villages.”

Yangsan City Hall.

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