Suwon's Maetan-dong Youngtong District Office Complex Development Project Selected as Candidate for National Urban Regeneration Innovation District...Only One in Nation

[Suwon Ilbo=Reporter Kim Gap-dong] Gyeonggi Province announced on the 30th that the Suwon Maetan-dong Youngtong District Office Complex Development Project was uniquely selected as a candidate site among all nationwide projects in the deliberation results of the 2026 first half Urban Regeneration Innovation District competition promoted by the Ministry of Land, Infrastructure and Transport.

The Suwon Maetan-dong Innovation District candidate site is an urban regeneration project being pursued in the area around lot 1268, Maetan-dong, Youngtong-gu, Suwon. The total project cost is 397.5 billion won, including 25 billion won in national funding support.

The project scale covers a site area of 20,000㎡ with a total floor area of 69,500㎡, aiming to create a complex facility spanning 2 basement levels to 18 stories above ground. Suwon intends to establish a complex hub combining advanced industry functions such as artificial intelligence (AI) and semiconductors with cultural and living functions.

Urban Regeneration Innovation Districts are district-level development projects that comprehensively combine declining inner-city areas in terms of population, industry, and housing under public leadership to create regional hubs that bring together multiple functions such as industry, commerce, welfare, and administration. Currently, Gyeonggi Province has three designated Urban Regeneration Innovation Districts: Seongsa-dong in Goyang, Anyang 3-dong in Anyang, and Younghwa-dong in Suwon.

The candidate site is in a stage of preparing to participate in the main Innovation District competition by receiving support for business plan establishment and comprehensive consulting. If a district plan is not established within two years of candidate site designation, the candidate status will be forfeited.

The Suwon Maetan-dong site selected as a candidate for the first half of 2026 is a location where public facilities including Youngtong District Office are situated. With the ability to utilize public land, the project has high feasibility for implementation, and it received evaluation as a favorable location for establishing an innovation hub linked to advanced industries such as AI and semiconductors, as it is close to Samsung Digital City, Maetan and Woncheon Industrial Complex, and Gwangkyo Techno Valley.

The province conducted preliminary consulting for Suwon in February to enhance the completeness of the business plan and provided competition support. The province plans to continue supporting the Suwon Maetan-dong site to be designated as an Urban Regeneration Innovation District through coordination with the Ministry of Land, Infrastructure and Transport, adjustment with relevant agencies, and gathering expert opinions.

Cheon Byeong-mun, Director of the Urban Regeneration Division, said, "This candidate site selection is an important first step toward transforming deteriorated public buildings through the Youngtong District Office complex development into a new innovation hub for the region," and added, "Gyeonggi Province will closely cooperate with Suwon to actively support follow-up procedures and do its best to ensure the final designation as an Urban Regeneration Innovation District."

Meanwhile, the province achieved a record 75 selected nationwide projects through this year by cooperating with cities and counties and urban regeneration support centers to activate declining inner-city areas within the province. The province is currently promoting urban regeneration projects at a total of 109 locations, including 34 Gyeonggi Province-type urban regeneration projects.