Gumi City Kicks Off Major Transformation of 1st Industrial Complex... 271.9 Billion Won Urban Regeneration Project Breaks Ground

Gongdan-dong Urban Regeneration Innovation District Project Targeted for Completion in 2030
Mixed-Use Hub to Bring Together Industry, Culture and Housing
Cultural Facilities and 192 Public Rental Housing Units to Be Provided

Gumi National Industrial Complex No. 1 will be transformed into a future-oriented industrial space that brings together industry, culture and housing.

Groundbreaking Ceremony for the Gongdan-dong Urban Regeneration Innovation District Development Project [Photo provided by Gumi City]

On November 5, Gumi City held a groundbreaking ceremony in the Gongdan-dong area for the Gongdan-dong Urban Regeneration Innovation District Development Project, which has a total project cost of 271.9 billion won.

The project aims to strengthen the industrial competitiveness of the aging Gumi 1st Industrial Complex and improve living conditions for workers.

The development will have a total floor area of 75,249 square meters, with three basement levels and 19 above-ground floors. Completion is targeted for the second half of 2030.

Key facilities will include a knowledge industry center, business facilities, cultural facilities for workers and an industrial complex cultural park. In particular, 192 units of integrated public rental housing will be provided to support housing stability for young workers and startup entrepreneurs.

Gumi City plans to link the project with the nearby Cultural Industrial Complex, Youth Dream Tower and hotel construction projects, bringing together industrial, cultural and everyday living functions and developing the industrial complex into a destination for young people and businesses.

Gumi Mayor Kim Jangho said, "This groundbreaking marks the starting point for Gumi 1st Industrial Complex to take a leap toward a new future. We will create an attractive industrial complex where businesses can grow and workers want to stay by developing a mixed-use hub that brings together industry, culture and housing."

The competitiveness of Gumi 1st Industrial Complex now depends on building a mixed ecosystem of industry, culture and housing that goes beyond production facilities to create a place where people can stay and young people want to come.

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