Hanam City Cancels K-Star World Private-Sector Bid... "Project Not Suspended or Scrapped"

Hanam Urban Development Corporation Abruptly Cancels Call for Private-Sector Participants in "K-Star World"
Move Follows Government's "Hanam Misa K-Culture" New Housing Site Plan
K-Culture Complex Included in New Housing Site Plan Announced by Land

The public recruitment of private-sector participants for “K-Star World (K-Culture Complex),” a project promoted by Hanam City in Gyeonggi Province, has been canceled. The existing recruitment process was canceled after the government included plans to build a K-Culture complex in its announced plan to develop the new “Hanam Misa K-Culture” housing site. Hanam Urban Corporation said, “This does not mean the project has been suspended or scrapped.”

A view of Hanam City Hall. Courtesy of Hanam City.

Hanam Urban Corporation announced on November 2 that it had canceled the recruitment of private-sector participants for the K-Culture Complex.

The corporation explained in a notice that the move followed the Ministry of Land, Infrastructure and Transport’s announcement on October 29 of a plan to develop new housing sites.

Under its plan to “rapidly supply 104,000 homes at new sites in the Seoul metropolitan area,” the ministry selected two locations in Hanam as new housing sites. It plans to supply a total of 18,500 homes: 12,000 in the Hanam Misa K-Culture District and 6,500 in the Hanam Gam-il 2 District.

The Hanam Misa K-Culture District will be developed near Misa Island. It is close to Subway Line 5, and projects to extend Subway Lines 3 and 9 are underway in the surrounding area. The government plans to make use of natural surroundings, including the Han River waterfront and Misa Boat Racing Park, and draw up plans to build a K-Culture complex, with the aim of developing the area into a combined nature and culture hub in the eastern part of the Seoul metropolitan area.

The corporation maintains that the cancellation of the existing private-sector recruitment should not be interpreted as the project falling through, since the government’s plan includes measures to build a K-Culture complex.

A Hanam City official said of the cancellation of the private-sector recruitment, “This is only the cancellation of the existing private-sector recruitment process in accordance with the government’s plan to develop new housing sites; the K-Culture complex development project itself has not been scrapped.”

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