Gwangju Songjeong Station Area Development Accelerates After Passing KTX Investment Leading District Review

Conditional Approval from LH Puts Project Back on Track After 10 Years
558,000 Square Meters in Songjeong, Songchon, and Jangnok-dong
Total Project Cost: 59.43 Billion Won

The 'KTX Investment Leading District' project, which aims to develop the area around Gwangju Songjeong Station, is set to move forward in earnest after passing the management investment review of Korea Land and Housing Corporation (LH).

On August 29, Gwangsan-gu announced, "The Gwangju Songjeong Station KTX Investment Leading District development project conditionally passed the project feasibility evaluation by the LH Management Investment Review Committee on August 25."

Around Gwangju Songjeong Station. Provided by Gwangsan-gu

The area around Gwangju Songjeong Station was designated as an investment leading district by the Ministry of Land, Infrastructure and Transport in 2016. However, the project had been delayed due to the need for supplementary internal evaluations by LH. With the recent approval, the project will now proceed in earnest.

The development site covers 558,158 square meters across Songjeong-dong, Songchon-dong, and Jangnok-dong in Gwangsan-gu, where an integrated complex encompassing residential, industrial, research, and business facilities will be established. In addition to improving the environment of the old downtown area, the transportation system around Gwangju Songjeong Station will also be upgraded, strengthening its role as a major transportation hub in the southwestern region.

The total project cost is 59.43 billion won, with 43.04 billion won allocated for land acquisition, 9.88 billion won for construction, and 6.51 billion won for indirect costs. The project will be carried out by Korea Land and Housing Corporation and Korea Railroad Corporation. Korea Railroad Corporation completed and began operating the transfer parking lot in June 2023.

Due to the delays, residents have experienced inconvenience, such as restrictions on exercising property rights. Gwangsan-gu has supported the project by gathering residents' opinions. Following this approval, LH plans to supplement the required conditions and then begin the compensation process.

Going forward, the compensation plan will be announced and appraisals conducted, after which compensation will commence. This will be followed by the start and completion of land development construction. The project is scheduled to be completed by December 2026.