Uljin-gun Designated as a 'Land Transaction Permission Zone' for National Industrial Complex Candidate Site

Gyeongbuk Province designated and announced the candidate site for the ‘Uljin Nuclear Hydrogen National Industrial Complex’ in Hujeong-ri and Hwaseong-ri, Jukbyeon-myeon, Uljin-gun, as a land transaction permission zone on the 16th, following the government’s national industrial complex development plan.

Uljin-gun area designated as a land transaction permission zone for national industrial complex candidate sites.

The target area covers approximately 2.07 million square meters (978 parcels) in Hujeong-ri and Hwaseong-ri, Jukbyeon-myeon, and has been designated as a land transaction permission zone for five years from March 21, 2023, to March 20, 2028.

The land transaction permission zone system is designated and operated to facilitate smooth progress of development projects by preventing speculative land transactions and rapid land price increases, and to promote land transactions centered on actual demanders.

Within the designated permission zone, when trading land exceeding the following areas, prior approval from the Uljin-gun governor must be obtained before the contract: in urban areas (residential areas over 60㎡, commercial areas over 150㎡, industrial areas over 150㎡, green areas over 200㎡), and in non-urban areas (farmland over 500㎡, forest land over 1,000㎡, land other than farmland or forest land over 250㎡).

Those who acquire land with permission must use the land for the approved purpose for a period ranging from 2 to 5 years according to the land use purpose. Additionally, if the original use purpose is changed, an application for approval of the land transaction contract change must be submitted and approved.

Son Byeong-bok, governor of Uljin-gun, stated, “The Uljin Nuclear Hydrogen National Industrial Complex project is an essential and important project that will play a central role in the economy of Uljin-gun. Ahead of this large-scale development project, we will continuously monitor areas prone to speculation to prevent illegal transactions or speculation in advance and establish order in real estate transactions.”