Gyeongju City and Wolsong Nuclear Power Achieve 'Mutual Growth for Macstor Expansion'... Securing 28 Billion Won in Support Funds

Entire Fund to Be Invested in Four-Year Road Construction Between Bomun and Gujeong
Commuting, School Travel, and Ulsan-Gyeongju Area Exchange Expected to Expand

Gyeongju City announced on November 26 that it had signed a "Memorandum of Understanding (MOU) for the Provision of Mutual Growth Support Funds in Connection with the Expansion of the Macstor Facility" with Korea Hydro & Nuclear Power's Wolsong Nuclear Power Headquarters (headed by Kwon Wontak), thereby securing 28 billion won in mutual growth support funds.

This agreement is regarded as a meaningful achievement, as it establishes a foundation for sustainable development shared by both the local community and the nuclear power plant.

Jun Nakyoung, Mayor of Gyeongju City (left), and Kwon Wontak, Head of Korea Hydro & Nuclear Power's Wolsong Nuclear Power Headquarters, are holding the related agreement documents at the Gyeongju City Hall External Cooperation Office on the 26th. Provided by Gyeongju City

The entire 28 billion won in secured support funds will be allocated to the construction of a new road connecting Bomun and Gujeong.

The project will be implemented in phases over the next four years, and once the road is completed, travel time from Ulsan to the Bomun Tourist Complex is expected to be significantly reduced.

Despite ongoing expansion in exchanges between the Ulsan and Gyeongju living areas, inconvenient access has persisted due to limitations in the existing road network.

The city expects that the construction of the new road will dramatically improve access to the Bomun Tourist Complex and generate a virtuous cycle of local economic revitalization through increased tourism and commercial activity.

In addition, conditions for daily commuting and school travel are also expected to improve significantly, thereby enhancing the overall residential environment for citizens.

Jun Nakyoung, Mayor of Gyeongju City, stated, "The 28 billion won in support funds will serve as a key driver for improving Gyeongju's transportation system and strengthening its tourism competitiveness," adding, "We will do our utmost to create changes that can be felt by both citizens and tourists."

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