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Development Plan

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Hwayang Complex

HWAYANG

Business Overview

  • Location : 5 villages (Jangsu-ri, Anpo-ri, Hwadong-ri, Imok-ri, Seocho-ri)
    Hwayang-myeon, Yeosu-si
  • Area : 9.99㎢ (Inland 9.79, Public Water 0.20)
  • Contents : Golf Island(36holes), Hotel, Condo,
    Leisure·Culture facilities, Horseriding course, etc)
  • Expenses : 1.4047 Trillion
    (National expenditure) 73.5M
    (Local expenditure) 105.1M
    (Private capital) 1.2261B

Promotion Performance Up To Now

  • Designation, notification of Gwangyang Bay Area Free Economic Zone : Oct.2003
  • Development plan change and approval of enforcement plan : May.2006
  • Start the construction of Golf Island district : Dec.2007
  • Start the construction of main road : Oct.2011
  • Tentative authorization of registration changes for sport facility business(18holes) : Jun.2012
  • Start the construction of the Ilsang training Institute : Jan.2015 Ilsang Ocean Development Co.LTD signed a Memorandum of Agreement(MOA) : Dec.2015
    • Building size : room(350), area(132,232㎡), business expense(110M)
  • Application for the Real Estate Immigration System (Ministry Of Justice) : Dec.2015
  • Installation of Mt. Gobong observatory for Investment Relation : Feb.2016
  • Result of the public contest of project developer : Oct.5.2015 ~ Apr.5.2016
    • Companies with the Investment intention : 7(MOU 3, LOI 2, Land purchase 1, France village 1)

Future Promotion Plan

  • Additional business by Ilsang Ocean Development Co, LTD (350rooms condo, etc) : Apr.2016
  • The Ocean Golf Course(18holes), Completion of the Ilsang training Institute : Jun.2016
  • Designation¬ification of Real Estate Immigration System (Ministry Of Justice) : Jun.2016
  • Move forward in accordance with proposed investors’ master plan : Jul.2016~
  • Completion of main road construction(L=8.33㎞) : Oct.2016
  • Start the construction of condominium development : Apr.2017 ~ Jun.2019
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