Daejeon City to Complete 1.0437 Trillion Won 'Southwest Comprehensive Sports Town' by 2029
A 763,000-Square-Meter Sports and Residential Complex to Be Built in Hakha-dong, Yuseong-gu
Infrastructure to Include a Comprehensive Stadium and Osangwook Sports Arena
On March 5, the Daejeon City Government held a groundbreaking ceremony for the 'Southwest Comprehensive Sports Town Development Project' in Yonggye-dong, Yuseong-gu, where a comprehensive stadium, sports arena, approximately 4,322 apartment units, and detached houses will be constructed.
The Southwest Comprehensive Sports Town Development Project is a complex development initiative that will create both sports and residential facilities on a 763,497 square meter site in Hakha-dong, Yuseong-gu. The total project cost is 1.0437 trillion won, with completion targeted for 2029.
The project will be carried out in two phases, linking urban development with the construction of sports facilities.
The first phase, an urban development project, will invest 830.1 billion won to establish a residential complex and related infrastructure, including approximately 4,322 apartment units and detached houses.
The second phase will invest 213.6 billion won to build major sports facilities such as a comprehensive stadium, the Osangwook Sports Arena, a warm-up stadium for both soccer and track & field, and ten tennis courts.
In particular, the comprehensive stadium will be designed as an all-purpose sports facility capable of hosting various sporting events. The Southwest Comprehensive Sports Town is planned to go beyond a simple stadium-focused facility, evolving into a multi-functional cultural and sports hub with cultural and leisure amenities.
The comprehensive stadium and sports arena will be designed as multi-purpose cultural spaces capable of hosting not only international competitions but also concerts, exhibitions, and a variety of cultural events. Community sports facilities and parks will be created as open leisure spaces accessible to all citizens.
Through this initiative, Daejeon City aims to develop the Southwest Comprehensive Sports Town into a year-round cultural and sports hub for citizens and a new urban landmark representing Daejeon.
Additionally, the 4,650-seat Osangwook Sports Arena, a multi-purpose warm-up stadium for soccer and track & field, and ten tennis courts will serve as core sports infrastructure, strengthening Daejeon's status as a key sports base.
Since establishing the master plan in 2011, Daejeon City has progressively undertaken key administrative procedures such as revisions to the urban management plan, lifting of development restrictions, and central investment reviews. In 2024, the city completed the lifting of development restrictions and officially designated the urban development district, laying the groundwork for full-scale project implementation.
Hot Picks Today
"Tired of Constant Buying and Selling"... Where SamjeonNix Investors Are Turning [Click eStock]
- "Samsung Holds Incentive Bonus Feast"... Civil Servants Also Demand 7.1% Pay Increase
- German Chancellor Gifts Trump Jersey with Number '47' for His Birthday
- "Please Give Up Your Seat": Middle-Aged Woman Refuses Pregnant Woman’s Request, Claims "I Am Also Pregnant"
- "Thought It Was Just Waste"... Urban Mining Pours Out 99.99% Pure Gold [Reportage]
Jangwoo Lee, Mayor of Daejeon, stated, "The Southwest Comprehensive Sports Town will be a core infrastructure for promoting public health and attracting international sporting events, as well as a future growth engine for Daejeon. We will prioritize safety and proceed without delays to create a sports town that citizens can take pride in."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.