[Asia Economy Reporter Yoo Hyun-seok] Ilsin Stone and Yongpyong Resort are showing strong performance. It appears that the news of the government deciding to additionally lift restrictions on military facility protection zones equivalent to 26.6 times the area of Yeouido has had an impact.
As of 1:12 PM on the 9th, Ilsin Stone recorded a 26.28% (565 KRW) increase compared to the previous trading day, reaching 2,715 KRW. Yongpyong Resort also traded at 6,130 KRW, up 11.25% (620 KRW).
The Democratic Party and the government held a party-government consultative meeting at the National Assembly Members' Office Building on the same day, with the theme of 'Lifting and easing military facility protection zones.'
Cho Jung-sik, the Policy Committee Chair of the Democratic Party, stated, "We have decided to lift restrictions on 14 military facility protection zones totaling 77,096,121㎡ where there are no operational military restrictions," adding, "79% of the lifted areas are in Gangwon Province, and 19% are in Gyeonggi Province, prioritizing the lifting of zones in border areas densely populated with military facilities."
The lifted areas include Gimpo, Paju, Goyang, Yeoncheon, Yangju, and Pocheon in Gyeonggi Province; Cheorwon, Hwacheon, Inje, Yanggu, and Wonju in Gangwon Province; Incheon; Chungju in Chungbuk Province; and Changwon in Gyeongnam Province.
The Family Federation for World Peace and Unification, the largest shareholder of Ilsin Stone and Yongpyong Resort, owns large-scale land in Paju. If development near the DMZ accelerates, the development business sector is expected to gain momentum.
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