Gyeonggi Province Proposes 25 Million Pyeong of Factory Land

Gyeonggi Province announced on the 4th that it has proposed to the Ministry of Construction and Transportation to include 25.9 million pyeong of factory land in the Third Capital Region Development Plan, which is expected to be established in the latter half of this year, to secure sites for industrial complexes.

Based on a demand analysis for industrial sites conducted by the province in early this year, Gyeonggi Province projected that a total of 25.9 million pyeong of industrial sites would be needed within the province by 2020.

The contents include 18 million pyeong of industrial zones necessary to prevent scattered individual factories and for "plan-first, develop-later" projects, 3.9 million pyeong of alternative sites for 3,253 factories (encompassing 36 million pyeong) incorporated into 22 large-scale residential development projects such as Gimpo New City and Paju Unjeong New City, and 4 million pyeong for new and expanded factory sites in the Pyeongtaek area where the U.S. military forces stationed in Korea are relocating.

A provincial official stated, "If the quantity requested by Gyeonggi Province is reflected in the Capital Region Development Plan Act, there will be no difficulty in securing industrial complex sites. However, we do not know how much of our request the Ministry of Construction and Transportation will accept." <Yonhapnews>