Gyeonggi Province to Announce 'Premium New City' Plans in June

Gyeonggi Province plans to select and announce the development sites for the 'Premium New City' construction project, a campaign pledge of Governor Kim Moon-soo, during June.

A provincial official said on the 30th, "When we announced the Premium New City construction plan last October, we decided to select and announce the target areas during the first half of this year," adding "We are currently in consultations with the Ministry of Construction and Transportation, the Korea Land Corporation, and the Korea Housing Corporation regarding the selection of target areas, and we expect to announce the results by June."

The official added, however, "Apart from the basic policy to construct Premium New Cities of more than 5 million pyeong each at four locations—two in the north and two in the south—we are unable to confirm which areas are currently the target locations."

The current candidate areas for Premium New City development include Goyang, Yangpyeong, Yongin, Icheon, and Hwaseong.