Gyeonggi Housing and Urban Corporation (GH) has signed a win-win development agreement with Gapyeong-gun.
On the 28th, GH announced that it signed the "Gapyeong-gun-GH Win-Win Development Agreement for the Expansion of Industrial Infrastructure in Gapyeong-gun" with Gapyeong-gun at the GH headquarters in Gwanggyo, Suwon.
According to the agreement, Gapyeong-gun will support infrastructure burden and land sales for attracting companies, while GH will carry out procedures for participation in new investment projects and handle permits and approvals.
Kim Se-yong, President of Gyeonggi Housing and Urban Corporation (left), is taking a commemorative photo with Seo Tae-won, Mayor of Gapyeong County, after signing a win-win development agreement on the 28th. Photo by Gyeonggi Housing and Urban Corporation
The northeastern area of Gyeonggi-do, including Gapyeong-gun, faces many difficulties in proceeding with development projects due to regulations related to the Capital Region Readjustment Plan and water quality preservation of Paldang Lake, causing local residents to suffer from a lack of living infrastructure and jobs.
Kim Se-yong, president of GH, emphasized, "This agreement provides a great driving force to expand industrial infrastructure that can create jobs in Gapyeong-gun, which has not had an industrial complex since the Mokdong General Industrial Complex in 1999."
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