Gwangju is set to begin the development of a residential complex to support the semiconductor industrial complex in the Honam region.
This initiative is a response to anticipated population growth.
According to Gwangju officials, the residential complex will be located in the Sangmu Urban Convergence District, Sanjeong Public Housing District, and the Songjeong Station area.
Gwangju estimates that with four semiconductor fabs expected to be operational by the 2030s, there will be a need for housing for 100,000 to 160,000 residents, based on an average of 2 to 3 people per household for each fab's direct and indirect job creation.
The Sangmu Urban Convergence District will see an investment of 1.579 trillion won, focusing on a mixed-use development that integrates jobs, housing, and commercial and cultural spaces.
This project will also include smart advanced specialized projects, medical and digital convergence projects, research and development innovations, and MICE (Meetings, Incentives, Conferences, and Exhibitions) and cultural convergence projects, with completion planned for 2031.
In the Sanjeong Public Housing District, a total of 14,000 housing units (7,000 public rental units, 6,800 private sale units, and 200 single-family homes) are planned to be built by 2034.
Once facing concerns over an oversupply of housing due to a declining population, the area is now experiencing a turning point with the establishment of the semiconductor industrial complex.
In the KTX investment-leading area near Songjeong Station, the Korea Land and Housing Corporation (LH) will invest 594.3 billion won to develop a 550,158 square meter (approximately 170 acres) site around the station.
The development will create a mixed-use residential and commercial complex with 3,200 housing units by 2032.
Additionally, the site of the Kumho Tire Gwangju plant, covering 420,594 square meters (approximately 127 acres), is under discussion between Gwangju and Kumho regarding its development purpose and method.
* This article has been translated by AI.
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