The Ministry of Land, Infrastructure and Transport and Busan Metropolitan City announced on the 12th that they have selected 7,318 households in Hwamyeong-Geumgok District and Haeundae District in Busan as leading districts for the renovation of aging planned cities. This includes 2,624 households in 12 zones of Hwamyeong-Geumgok District (Kolon Sky 1st and 2nd) and 4,694 households in 2 zones of Haeundae District (Doosan 1st, LG, Daelim 1st).
This is the first case of renovating aging planned cities in local areas since the selection of 37,000 households in five first-phase new towns last year. The Ministry of Land, Infrastructure and Transport plans to actively support the future project procedures, such as the designation of special renovation zones and approval of project implementation plans, by establishing the Busan Future City Support Center in the first half of next year.
In addition, the Ministry and Busan City plan to jointly promote meticulous housing supply management to support stable relocation without causing instability in the rental market during the renovation process. Meanwhile, Daejeon Metropolitan City and Incheon Metropolitan City are also actively pursuing the selection of leading districts.
Daejeon started public viewing of the basic plan (draft) for two districts, including 7,500 households in Dunsan District and 3,000 households in Songchon, Jungri, and Beopdong Districts, on the 28th of last month, and began the selection process for leading districts. Incheon started public viewing of the basic plan (draft) for five districts, including 6,300 households in Yeonsu and Seonhak Districts, 2,700 households in Guwol District, 2,400 households in Gyeyang District, 1,650 households in Galsan, Bupyeong, and Bugae Districts, and 2,550 households in Mansu 1, 2, and 3 Districts, on the 8th and will begin the selection process for leading districts on the 15th.