Gyeonggi Province Allocates 3.22 Million Square Meters of New Factory Space

Gyeonggi Province announced on the 5th that it has allocated 3.222 million square meters of new factory space for this year and distributed it among municipalities and counties in the province.

By municipality, Hwaseong City received the largest allocation at 760,000 square meters, followed by Gimpo City at 258,000 square meters, Pocheon City at 228,000 square meters, Anseong City at 217,000 square meters, Suwon City at 200,000 square meters, and Paju City at 183,000 square meters.

However, Gwangmyeong City, Gwacheon City, Uijeongbu City, and Guri City, which have no factory construction demand, were not allocated any space.

The province stated that the total executable factory space allocation for this year amounts to 3.928 million square meters, combining the new allocation of 3.222 million square meters with the carryover from last year of 706,000 square meters.