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Gwangyang Bay Area Free Economic Zone Authority

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GFEZ, an ideal investment in NE Asia

Gwangyang Bay Area Free Economic Zone offering great investment opportunities
If you are looking for an ideal investment, GFEZ is the answer.

Sindae Hinterland Complex Development Project Status

project overview(2003~2013)
  • LocationSwath of Sindae-ri, Haeryong-myeon, Suncheon-si.
  • Area2.856㎢(860,000 pyeong)
  • Project expense560 billion won (Private investment 100%)
  • ImplementerSuncheon Eco Valley Co., Ltd.

Progress so far

  • 2006. 11. 03.

    Change of development plan and approval of implementation plan(Ministry of Finance and Economy)

    - (Project operator) Suncheon-si, (project area) 2,997,095㎡, (project cost) 413 billion won

  • 2007. 8. 30.

    Approval of change of development planMinistry of Finance and Economy

  • 2008. 03. 04.

    Started the development project of Shindae hinterland

  • 2012. 04. 50.

    Announcement of completion of Phase 1 (Housing site 1, 1,543,000㎡)

  • 2013. 07. 12.

    Announcement of completion of Phase 2 (Housing land 2, 52 thousand ㎡)

  • 2015. 7. 17.

    Takeover of public facilitiesSuncheon Eco Valley → Suncheon City

  • 2021. 5. 13.

    Development plan change approval noticeJeonnam-do No. 2021-213

    - Changed the golf course district system, expanded the entrance and exit of public building No. 30, and changed some religious facilities to water facilities and road facilities.

  • 2021. 05. 27.

    Implementation plan change approval noticeGwangyang Office Notice No. 2021-19

    - Reflection of Suncheon City Library business plan

  • 2021. 9. 16.

    Implementation plan change approval noticeGwangyang Office Notice No. 2021-27

    - Changed the golf course district system, some religious facilities changed to water facilities and road facilities

Future plans

Future plan’21. 12. Phase 3 (golf course, 793,000㎡) completed