Project Overview

Creation of a ‘Smart Waterfront City’ that can support a population of 25,000 people over an area of 6.6㎢ in the Saemangeum International Cooperation Site with an estimated budget of 1.3 trillion won by 2024.

Launched in July 2017 when it was included in the 100 Policy Tasks Five-Year Plan (No. 78 Balanced National Development), the ‘Creation of a Smart Waterfront City’ Project is aimed at building a new city that can support around 25,000 people, basically on its own, on a land of 6.6㎢ inside the International Cooperation Site of Saemangeum by 2024 with an estimated budget of KRW 1.3 trillion.

Development Directions

• 1

  

  Eco-friendly city

  Building a water circulation system* that minimizes the environmental impact of the development of an energy-independent city harnessing the power of renewable energy

  *A system where rainwater penetrates into the ground easily through drainage trays
• 2

  

  Smart city

  Laying the foundation for a hyper-connected society by using artificial intelligence and big data in the entire city management process, such as various services and monitoring functions starting from the planning stage

  *Incorporation of advanced technologies such as the IoT and AI into the whole range of urban services such as housing, transportation, and energy
• 3

  

  Waterfront city

  Creating an eco-friendly waterfront city where interior and exterior water environments strike a balance through the construction of detached housing clusters

Expected Effects

• 1

  

  Effects on cultural tourism

  Positive effects on cultural tourism through international business, leisure and resorts, the MICE industry, and theme parks in association with a new port and a new airport

• 2

  

  Effects on public cluster

  Positive effects on the government’s 2nd relocation plan of public agencies to rural Korea including the Saemangeum area

• 3

  

  Effects on attraction of high-tech industries

  Positive effects on the creation of a self-reliant city through the attraction of renewable energy industries, advanced R&D institutes, and Fourth Industrial Revolution-related industries

• 4

  

  Effects on commercial functions

  Positive effects on commercial functions centered on waterfront spaces and smart streets in the area

• 5

  

  Effects on pleasant housing complexes

  Positive effects on the development of low-medium density residential land to accommodate people engaged in Saemangeum projects, officials of relocation agencies, and employees of tech companies.