Gwangju Songjeong Station KTX investment project extended by one year

The project period for the Gwangju Songjeong Station KTX Regional Economic Hub Investment Leading District has been extended by one year. Originally scheduled to run from March 19, 2021, to December 31, 2026, the new deadline is set for December 31, 2027.

According to local authorities, the project area will see a slight reduction from 558,158 square meters to 557,543.1 square meters. The Korea Land and Housing Corporation (LH) will continue as the project implementer. The initiative aims to create a complex hub featuring residential, industrial, research, and business functions in the Songjeong-dong, Jangrok-dong, Songchon-dong, and Woljeon-dong areas.

As an investment leading district, the project is eligible for various benefits, including customized consulting, government funding, tax reductions, and relaxed building-to-land and floor area ratios. Public opinion on the changes is being collected through the end of next month.