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Development Plan

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Development Status by Each District

Development Status by Each District
Div. Gwangyang District Yulchon District Shindeok District Hwayang District Hadong District
Scale 13.64㎢ 27.81㎢ 14.10㎢ 9.99㎢ 12.27㎢
Development Concept Logistics Function Production Function Support Function Tourism/Resort Function Production Support Function
Development Direction Attraction of Logistics Function for Port, Steel Production and Nonferrous Metal Attraction of industry relevant to Petrochemical, Steel Mill Industry Supply of Residence, Education and Leisure Function Attraction of Tourism, Resort & Sports Function Attraction of Complex Function including Production, Residence and Business
Major Facilities - Development of Gwangyang Port
- Port Hinterland
- Development of CTS
- Industrial Complex and Container Port - Development of Education Facility, Residing Complex
- Development of Leisure Facility including Golf Course
- Golf, Marine Sports
- Condominium, Hotel, etc.
- Development of Industrial Complex
- Development of Residence, Busines & Leisure Facility
Complex - Container Port (Gwangyang)
- Hinterland of Container Port
- POSCO Terminal CTS
- Hwanggeum Industrial Complex
- Seonghwang Hinterland
- Yulcho I Industrial Complex
- Yulchon II Industrial Complex
- Yulchon III Industrial Complex
- Yulchon Port Site
- Shindeok Hinterland
- Haeryong Industrial Complex
- Sepoong General Industrial Complex
- Yonggang Hinterland
- Shindae/Deokrye Hinterland
- Hwayang Complex - Galsa Bay Shilbuilding Industrial Complex
- Deokcheon Hinterland
- Doowoo Hinterland
- Daesong Hinterland

* Source: Development Plan of Gwangyang Bay Area Free Economic Zone (April, 2004) and Revised Plan (December, 2011)

Development Direction

  • Condition of Location

    Free economic zone of Gwangyang Bay Area based on Gwangyang Port is furnished with the best condition to be grown as marine logistics hub of the Northeast Asia in 21c that is rapidly growing as one of 3 largest trade areas in the world.

    아시아 대륙횡단 철도 노선도 Asia Transcontinental Railway Route
    • Located at marine trunk route of Northeastern Asia and Pacific including China-North America sea route, the largest route of the world
    • 50-odd main cities of which population reaches 1 million within its radius of 1,200km are covered.
    • Access(Arrival & departure) of large vessels over max. 300,000DWT class is allowed as its max. water depth reaches 41m.
    • Natural condition is provided so that GYP could be grown as a hub port of marine logistics compared with other competing ports including Shanghai port of which water depth is shallow.
    • Absolutely advantageous in accommodating demand of transit cargoes of Northeast Asia
    • When a new Iron Silk Road should be opened along with construction of TCR (Trans-China Railway), TMR (Trans-Manchuria Railway ) and TSR (Trans-Siberian Railroad), GYP will enjoy comparative advantage over other competing ports in terms of locational condition.
    • A role as a in-land, marine logistics hub of Northeast Asia connecting North America-Northeast Asia-Southeast Asia-Europe continents
  • Development Direction
    • Basic Direction
      • Location: Around Yeosu, Suncheon, Gwangyang City, Chullanam-do, Hadong-gun, Gyeongsangnam-do
      • Scale: 23 Complexes of 5 Districts, Total Area: 85.12km2, Proposed population: 108,500 persons
        District Gwangyang Yulchon Jibeon Shindeok Hwayang Hadong
        Area(㎢) 15.11 27.86 19.87 9.99 12.17
      • Project Period : 2003 ~ 2020년
      • Project Budget: 18 trillion, 924.3 billion Won (District development: 14 trillion 329 billion Won + Infrastructure: 4 trillion 595.3 billion Won)
      • Investment Amount: 4 trillion 755.6 billion Won (District development :2 trillion 920.1 billion Won + Infrastructure: 1 trillion 835.5 billion won)

      광양만권경제자유구역 개발목표 및 개발방향

    • Development Direction by Each District

      Free Economic Zone of Gwangyang Bay Area is promoting state-by-stage development up to coming 2020 by targeting 20 complexes of 5 districts based on specialized development by each district so that synergy effect of development could be achieved at maximum.

      • Gwangyang District
        • Attraction of function for activation of transit cargoes in order to ensure growth as logistics hub of Northeast Asia matching with national two-port system and attraction of logistics function through hub of clustering steel production-related materials and non-ferrous metal industry
        • For this objective, development of 6 complexes including Gwangyang port container terminal, 1st, 2nd stage of hinterland of Gwangyang port container terminal, POSCO terminal CTS, Hwanggeum Industrial Complex and Seonghwang Hinterland is promoted stage-by-stage.
      • Yulchon District
        • Activation of production function through attraction of infrastructure-related plants including Yeosu Petrochemical Complex and steel mill that are existing national industrial complex and promotion of attracting function for activation of container terminal
        • Annual development promotion of 4 complexes including creation of Yulchon I-II-III Industrial Complex and construction of Yulchon port
      • Shindeok District
        • Attraction of hinterland function for activation of free economic zone of Gwangyang Bay Area as education, medical service hub for settlement of foreigners and creation of comfortable residing environment for education, residence and leisure
        • This district comprise 6 complexes including Shindae Hinterland, Gwangyang complex logistics distribution complex, Haeryong industrial complex, Yonggang Hinterland and Shindae/Deokrye Hinterland.
      • Hwayang District
        • Attraction of tourism, leisure, sports and resort function as a hub of Southern coast tourism belt
        • Promotion of development by attracting private capital in preparation for maritime age
      • Hadong District
        • Attraction of shipbuilding-related industries relevant to Gwangyang Steel Mill and hinterland function being harmonized with a function of residence, business and leisure
        • This district comprises 4 complexes including Galsa Bay Shipbuilding Industrial Complex, Deokcheon Hinterland, Doowoo Hinterland and Daesong Industrial Complex.

Promotion Performance of Development Project by each District

District Name of Complex Area(㎢) Project Period Project Developer Remarks
5 23 Complexes 83.63
Gwangyang District Gwangyang Container Terminal 6.17 ′87 ~′20 MOLIT, Yeosu, Gwangyang Port Autority Under Promotion
Container Terminal Hinterland (East side) 2.54 ′03 ~′08 MOLIT (1,2 stage), Gwangyang City (3rd stages) Completed
Container Terminal Hinterland (West side) 1.94 ′07 ~′12 MOLIT Completed
POSCO Terminal CTS 1.12 ′04 ~′14 POSCO Terminal Co., Ltd., snnc, POSCO Under Promotion
Hwanggeum Industrial Complex 1.12 ′11 ~′15 Chullanam-do, Gwangyang City Under Promotion
Seonghwang International Business Park 0.75 ′11 ~′15 Chullanam-do, Gwangyang City Public Contest scheduled.
Yulchon District Yulchon I IC 9.17 ′94 ~′15 Chullanam-do Under Promotion
Yulchon II IC 3.79 ′11 ~′20 MOLIT, Chullanam-do Under Promotion
Yulchon III IC 9.76 ′16 ~′20 Chullanam-do, Private Investment, Foreign Investment Outstanding
Yulchon Port Site 5.13 ′10 ~′30 MOLIT Outstanding
Shindeok District Shindae Hinterland 2.90 ′03 ~′13 Suncheon Eco-valley Co., Ltd. Under Promotion
Haeryong IC 1.59 ′03 ~′15 Daewoo Corporation, Suncheon City Under Promotion
Sepoong IC 3.00 ′10 ~′15 Gwangyang Development Co., Ltd. Under Promotion
Gwangyang Complex Business Center 4.86 ′12 ~′20 Chullanam-do, Gwangyang City Public Contest scheduled.
Wellbeing County Complex 2.21 ′12 ~′20 Chullanam-do, Suncheon, Gwangyang Public Contest scheduled.
Shindae Human Green Complex 2.33 ′12 ~′20 Chullanam-do, Sunchun City Public Contest scheduled.
Shinwol High Park Complex 1.07 ′12 ~′20 Chullanam-do, Sunchun City Public Contest scheduled.
Yonggang Green Tech Valley 2.01 ′12 ~′16 Chullanam-do, Gwangyang City Public Contest scheduled.
Hwyang Hwayang Complex 9.99 ′03 ~′15 Ilsang Marine Industry Co., Ltd. Under Promotion
Hadong District Gasa Bay Shipbuilding IC 5.61 ′08 ~′15 Hadong-gun, Hadong Development Project Agency Under Promotion
Daesong IC 1.37 ′09 ~′13 Hadong-gun, Daesong Industry Development Under Promotion
Deokcheon Eco-City 2.54 ′12 ~′16 Gyeongsangnam-do, Government investment institution Public Contest scheduled.
Duwoo Leisure Complex 2.65 ′12 ~′16 Gyeongsangnam-do, government investment institution Public Contest scheduled.
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