Siheung Sees Positive Signal for Turtle Island Ferris Wheel Project as Three Private Companies Submit Letters of Intent

City Pushes Ahead with Amusement and Leisure Facility Development
Anticipation Grows for a New Marine Tourism Landmark

The city of Siheung in Gyeonggi Province has received a positive sign for its Turtle Island Ferris wheel project, as three private companies have expressed their intention to participate.

Panoramic View of Turtle Island. Provided by Siheung City

On June 7, the city announced that three private enterprises had submitted letters of intent to participate in the "Turtle Island Tourist Amusement and Leisure Facility (including Ferris wheel) Development Project," which was publicly announced on May 18. The letters were accepted from June 1 to June 2.

This project aims to revitalize Turtle Island within the Siheung MTV area by attracting private investment. The core of the initiative is to develop a Ferris wheel and other stay-type tourism and leisure facilities by utilizing public land on Turtle Island, including the neighborhood park at 2726-4 Jeongwang-dong.

The city plans to actively incorporate creative ideas from private companies to establish a new landmark for the Turtle Island Marine Leisure Complex, with the goal of extending tourists' stays and invigorating the local economy.

Companies that have submitted letters of intent may submit inquiries regarding the project proposal between June 8 and June 9. The city will review these and provide responses by June 26.

However, companies that did not submit letters of intent may still submit business proposals in the future. The city will accept business proposals from August 18 to August 19, after which it will conduct evaluations and select a preferred negotiation partner.

Siheung Mayor Lim Byeongtaek stated, "Turtle Island is an area with the potential to become South Korea's leading marine leisure tourism hub. We will devote all our energy to ensuring Siheung's continued growth and realizing our vision of making 'K-Siheung City' a representative city of Korea."

This content was produced with the assistance of AI translation services.