Goheung Space Launch Vehicle Industrial Complex Completes Review... 'Final Approval' Countdown
Compensation to begin in 2027, construction in 2028 ... 380 billion won investment, covering 1.52 million square meters
Agreements signed with 11 anchor and startup companies; Agency for Defense Development also set to move in
The Goheung National Industrial Complex for Space Launch Vehicles has completed deliberation on its industrial complex plan and entered the final approval process.
Goheung County in Jeonnam-Gwangju said the project is expected to move forward more quickly after the Central Industrial Complex Planning Deliberation Committee completed its review on October 27.
Following supplementary procedures by Korea Land and Housing Corporation (LH), the project operator, the approval of the national industrial complex plan is expected to be officially announced in November. Compensation procedures are scheduled to begin in 2027, followed by construction in 2028.
The national industrial complex, to be built near the Naro Space Center in Bongnae-myeon, Goheung County, will cover 1.52 million square meters, with a total project cost of approximately 380 billion won. As a key project in the space industry cluster, it aims to establish a production and research base for South Korea's space launch vehicle industry.
Goheung County has signed agreements with 11 key anchor and startup companies, including Hanwha Aerospace and Innospace, to locate in the complex. The Agency for Defense Development is also expected to move into Section 2 of the national industrial complex. This is expected to support launch vehicle technology development and strengthen the industrial ecosystem through collaboration between private companies and research institutions.
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Goheung County also plans to work to attract space industry-related companies and spur investment in connection with the development of the national industrial complex. It will also pursue improvements to transportation networks and living conditions, including construction of the Goheung-Gwangju Expressway, a rail connection linking Beolgyo, Goheung and Nokdong, and expansion to four lanes of the road between Goheung-eup and the Naro Space Center.
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