Start of 1st New Town Redevelopment Guideline Production... "Completion by 2024"

Commencement of Research Service for Basic Maintenance Policy

Photo by Yonhap News

The government has officially begun preparing guidelines for the redevelopment of the first-generation new towns, including Bundang, Ilsan, Pyeongchon, Jungdong, and Sanbon.

The Ministry of Land, Infrastructure and Transport announced on the 23rd that it held a kickoff meeting for the research project titled "Establishment of Basic Redevelopment Policies and Institutionalization Plans for First-Generation New Towns" at the Korea Intellectual Property Center in Seoul that afternoon.

About 60 stakeholders attended the kickoff meeting, including representatives from the Ministry of Land, Infrastructure and Transport, Gyeonggi Province, the public-private joint task force (TF) committee, chief planners of the five new towns, and local government policy officials.

After the research team presented the plans for establishing basic redevelopment policies and institutionalization measures, discussions were held on the direction of the project and cooperation matters with related agencies.

The Ministry of Land, Infrastructure and Transport had previously commissioned the research project on September 29, and after evaluating proposals and negotiations, selected the research institution on November 10 to commence the project.

The basic redevelopment policies to be established by the Ministry and the special legislation planned to be proposed by February 2023 aim to serve as guidelines for the redevelopment master plans that each local government is to establish. The special legislation will provide the legal basis and implementation framework for the basic redevelopment policies, forming the institutional foundation for the redevelopment of the first-generation new towns.

At the meeting, the direction for establishing the basic redevelopment policies was set by analyzing the latest urban megatrends such as digital transformation, carbon neutrality, N-divided cities, future mobility (UAM, MaaS, etc.), and compact cities.

Regarding the special legislation, after comparing and reviewing previously proposed laws, the bill will be comprehensively prepared through various simulations and consultations with the public-private joint TF and local governments on key contents such as applicable targets and standards.

Kim Sang-seok, head of the Urban Regeneration Project Planning Division at the Ministry of Land, Infrastructure and Transport, stated, "The Ministry and the local governments of the first-generation new towns will continuously cooperate by sharing the progress of the research project regularly through a permanent consultative body among local governments to ensure connectivity between the Ministry’s basic redevelopment policies and each local government’s redevelopment master plans."