Gwangyang Bay Area Free Economic Zone Authority

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.