Project Overview

This project aims to tap into private businesses’ creativity and capital power by supplying the reclaimed land in the Tourism and Leisure Site as it is at low cost.
* Tourism related businesses prefer inexpensive undeveloped land in anticipation of rising land prices after their direct development efforts.

Project Promotion Direction

Construction of anchor facilities such as large-scale complex resorts and accommodation, shopping and cultural facilities that can attract tourists with diverse needs to develop an internationally preeminent tourism and leisure hub

Expected Effects

• 1

  

  Improved investment conditions for private businesses by completing reclamation by public initiative

• 2

  

  Creation of an international tourism complex utilizing the good location at the entrance to the seawall

• 3

  

  Formation of a cultural belt in connection with nearby museums and theme parks

Project Summary

• Location/Land Size

  • Dyke 1 Internal Entrance
  • 1,054,385㎡ (320,000 pyeong)

• Period

  2008-2022

• Budget

  KRW 254.8B (KRW 29.9 billion spent)

• Project operator

  Jeonbuk Development Corporation