Paju City Signs MOU with LH
Beyond a Bedroom Community: Toward a Self-Sufficient City of One Million
Mutual Commitment to Attract High-Tech Companies
Paju City in Gyeonggi Province has joined hands with Korea Land and Housing Corporation (LH) to strengthen the self-sufficiency of Unjeong New City and secure future growth engines.
An urban high-tech industrial complex is being promoted on reserved land in Unjeong 3 District, Paju City. Provided by Paju City
On December 22, Paju City announced that it had signed a memorandum of understanding (MOU) with LH on December 19 to promote the development of an urban high-tech industrial complex within Unjeong 3 District.
This agreement aims to transform the currently unused reserved land in Unjeong New City into a "specialized industrial hub" that integrates advanced industries, residential areas, and essential living infrastructure, rather than simply designating it as a business district.
The main points of the MOU include the development of an approximately 90,000-square-meter urban high-tech industrial complex, the supply of 3,200 public housing units in accordance with the Ministry of Land, Infrastructure and Transport's follow-up measures to expand housing supply announced last month, the construction of the Paju National Safety Experience Center, the creation of a green park axis linked to Soricheon, the allocation of schools to address overcrowded classes, and the introduction of mixed-use land to strengthen surrounding commercial areas. The plan is to create a complex that integrates jobs, housing, and living infrastructure.
Paju City plans to develop the urban high-tech industrial complex in Unjeong 3 District not as a simple business district, but as a specialized industrial and employment hub preferred by high-tech companies. The strategy is to establish a solid foundation for creating quality jobs by building a new base for high value-added future industries such as artificial intelligence, knowledge industries, and semiconductor technology development, while continuously strengthening the city’s self-sufficiency by providing a pleasant residential environment equipped with green parks and various living amenities.
Paju City and Korea Land and Housing Corporation plan to establish a joint task force for the development of the urban high-tech industrial complex early next year and will begin full-scale efforts to attract high-tech companies to the complex.
Hwang Inbae, Director of Balanced Development, stated, "This project to transform the reserved land in Unjeong 3 District into an urban high-tech industrial complex will be an unparalleled opportunity not only for Paju City, which is moving toward becoming a self-sufficient city of one million people, but also for young entrepreneurs seeking a springboard for growth in an excellent location. We will actively cooperate with Korea Land and Housing Corporation to achieve successful urban development."
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