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Future of Yeongcheon

Creating Free Economic Zone & Industrial Complex

  • Future of Yeongcheon
  • Yeongcheon-si 10 Strategic Projects
  • Creating Free Economic Zone & Industrial Complex

Yeongcheon High Tech Park District Development

Project Summary
  • Location : Daegi-ri, Hwasan-myeon, Jungang-dong, Yeongcheon-si area
  • Project Period : 2011~2020(10 years)
  • Project Scale : 5,400,000㎡(1,630,000 pyong)
  • Project Cost : 496.5 billion KRW (Governmental 60.25 billion Local 60.25 Private 376 billion)
Progress
  • May 2008. Appointed as Free Economic Zone
  • Dec. 2008. Designated project operator and concluded agreement (LH Corporation)
  • Oct. 2009. Investigation service on the development validity
  • Dec. 2011. Finished enforcement design of ramp (reviewing nation highway No. 35 joint section)
  • Jun. 2012. Completed Gyeongbuk Automotive Embedded Technology Institute
  • Sep. 2012. Concluded MOU with Boeing for Aviation and Electronic MRO
Reinforcing Method
  • Judged the situation that designation of development project operator would be possible within the year thanks to the demands for sale in lots from the aviation parts and logistics industries.
    • Dec. 2012. Designated development project operator
    • Dec. 2013. Changed development plan and approved enforcement plan
    • Jun. 2014. Started land compensation and site renovation construction
    • Jun. 2016. Finished housing complex development
Yeongcheon High Tech Park District Development

Creating Yeongcheon General Industrial Complex

Project Summary
  • Location : Goiyeon-dong, Chaesin-dong and Guam-ri, Geumho-eup, Yeongcheon-si
  • Area : 1,470,690.8㎡
  • Project Period : 2006. 6.~2013. 6.
  • Project Cost : 201.6 billion KRW (creating complex 135.2 billion infrastructure 66.4 billion)
Progress
  • Dec. 2009. Beginning construction of entry ramp (current process rate 72%)
  • Jul. 2010. Beginning installation construction of general wastewater disposal facility (current process rate 62%)
  • Nov. 2010. Beginning installation construction of industrial waterworks (current process rate 45%)
  • Sep. 2012. Current state of industrial complex sale in lots (target 1,053,000㎡/sail in lots 660,000㎡. 62%)
Reinforcing Method
  • Jun. 2013. Entire Completion
  • Inflow of population thanks to jobs created and increased employment, and activation of local economy
  • Production inducement amount 1.7 trillion KRW/year, employment effect 12,000 persons

Creating Yeongcheon Gogyeong General Industrial Complex

Project Summary
  • Location : San 27-1, Yongjeon-ri, Gogyeong-myeon, Yeongcheon-si area
  • Area : 1,564,950㎡(473,000 pyong)
  • Project Period : Oct. 2008. ~ Dec. 31, 2013.
  • Project Cost : 211.6 billion KRW (Creating complex 187.6 billion KRW infrastructure 24 billion KRW)
  • Inviting business category: Primary metal, metal processing products, electronic products·computer·image, etc.
Progress
  • Mar. 2011. Beginning construction of entry ramp (current process rate 32%)
  • Mar. 2011. Beginning installation construction of industrial waterworks (current process rate 10%)
  • May 2011. Beginning installation construction of general wastewater disposal facility (current process rate 0.3%)
  • Sep. 2012. Incorporated land compensation execution rate (complex 62%, entry ramp 85%)
  • Dec. 2014. Entire completion
  • Inflow of population thanks to jobs created and increased employment, and activation of local economy
  • Production inducement amount 2.2 trillion KRW/year, employment effect 4,000 persons
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