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Development Plan

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Yulchon 3rd Industrial Complex

GWANGYANG

Promotion Performance Up To Now

  • Concluded MOU with the companies who showed intention of participation.
  • Research engineering service for participation feasibility review of SPC (GFEZ)
  • Contribution evaluation for SPC participation (20% contribution of capital)
  • Submission of project proposal and selection of preferred bidder (Hyundai E&C)
  • Conclusion of an agreement for handling plan of dredged soil disposal yard (Chunnam-do <-> Yeosu Port Authority)
  • Concluded a shareholders' agreement of SPC
    • GFEZ (20%), Hyundai E&C (38.4%), Daewoo E&C (32%), Namkwang Const., Co., Ltd. (9.6%)
  • Incorporation registration of SPC (Yulchon 2nd Industrial Complex Development)
  • Application for approval of development plan change (former MOTIE)
  • Held advisory meeting of economic free zone planning board of former MOTIE
  • Evaluation, approval and notification of above meeting result of application for development plan change (draft) (MOTIE)

Future Promotion Plan

  • Preparation of development plan change (draft) reflecting the result of residing demand survey
  • Completed consultation for general effects evaluation including environmental effect evaluation
  • Approval, notification of development plan change and its execution plan
  • Land transfer and start of the work
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