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GFez 광양만권경제자유구역청

서브비주얼 이미지
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.

Current Status of Hwayang District Multiple Tourism Complex Development Project

project overview(2003~2024)
  • Location5 villages including Jangsu-ri, Hwayang-myeon, Yeosu-si
  • Area8.97㎢(271,000 pyeong)
  • Project expenses1.281.3 trillion won 1.281.3 trillion won(national 537, local 852, private 11,424)
  • ImplementerHJ Magnolia Yongpyong Ocean Hotel & Resort Co., Ltd.

Progress so far

    • 2003. 10. 30.

      Free economic zone designation noticeMinistry of Finance and Economy

    • 2003. 10. ~

      Compensation for transferred site in Hwayang district

    • 2006. 5. 4.

      Approval of development plan and implementation planMinistry of Finance and Economy

    • 2007.12. ~ 2012.6.

      Promotion of golf course construction project18 holes, KRW 108.7 billion

    • 2011.10. ~ 2017.6.

      Promotion of arterial road construction8.45km, KRW 49.2 billion

    • 2020.10. ~ 2021.2.

      Hill & Terrace Condominium Access Road Construction Project Implementer

    • 2020. 9. ~ 2020.11.

      Held an advisory committee to change the development planMinistry of Industry

      - Project feasibility (exclusion of the sea surface, relocation of golf course reduction, establishment of marine healing park and arboretum, etc.) review and zoning adjustment

    • 2020. 12. 23.

      Notification of approval of development plan changeMinistry of Industry

      Extension of the project period (4 years), removal of the sea surface, reduction of the golf course, and establishment of a marine healing park and arboretum, etc.

    • 2021. 5. 20.

      Meeting of the leaders of 6 villages related to the adjustment of the zoning system

      - Adjusting the separation distance around the village and eliminating areas where it is difficult to carry out projects, etc.

    • 2021. 9. 6.

      Reception of application for change of regional adjustment development planoperator → GFEZ

      - Collecting residents' opinions and discussing with related organizationslocal province, Yeosu-si, etc.

Future plans

Future plan22. 11. Application for change of development plan (GFEZ→Ministry of Industry)
Future plan22. 1 Startinf of construction work of Hill & Terrace Condo
Future plan22. 1 Approval of change of development plan and announcement of topographical drawing (Ministry of Industry)

Development plans

Development plans

Aerial View

Condominium (Aerial View)
1100, Indeok-ro, Gwangyang-eup, Gwangyang-si, Jeollanam-do, Republic of Korea (57741) /
Phone 061-760-5114, 5223

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