Private Park Development Special Project to Be Promoted in 150,000㎡ Gwoldong Cultural Park Area, Osan

A 108,000 m² Park to Be Developed
43,000 m² Allocated for Apartment Complexes

A "Private Park Development Special Project" will be promoted in the Gwoldong Cultural Park area of Osan, Gyeonggi Province, covering 151,621 square meters.

Lee Kwonjae, Mayor of Osan (left), and Lee Byungkwon, CEO of SDPD, are holding up the agreement at the "Gwoldong Cultural Park Private Park Special Project Agreement Ceremony" held at the city hall on the 19th. Provided by Osan City

On December 19, Osan City announced that it had signed a business agreement with SDPD Co., Ltd. at city hall to promote the "Gwoldong Cultural Park Private Park Development Special Project."

The Private Park Development Special Project is a system introduced in July 2020 to resolve the issue of long-term unexecuted urban parks. Under this system, a private developer creates a park on the designated site and donates it to the city, while constructing non-park facilities such as apartment complexes on the remaining land.

Through the agreement attended by Lee Kwonjae, Mayor of Osan, and Lee Byungkwon, CEO of SDPD, the city and the company agreed to cooperate on all matters necessary for the project, including implementation plan approval, donation of the park, and settlement of project costs.

For this project, which will be carried out in San 17-3, Gwoldong, Osan, SDPD will purchase the entire park site, develop 107,961 square meters-71.2% of the total area-as a park and donate it to the city, while constructing apartment complexes on the remaining 43,660 square meters.

A city official stated, "This agreement has laid the foundation for the development of Gwoldong Cultural Park, which had been left unexecuted for a long time," and added, "We will continue to provide thorough administrative support so that procedures such as implementation plan approval and park donation can proceed smoothly."