Table of Contents
- Finally, an Elementary School is Established in the Gohyeon Port Reclaimed Land
- Gohyeon Port Apartment Residents' Long-standing Wishes Resolved... Parents Say “Now I Can Rest Easy”
- Mayor, Citizens, and Council All Out… Persistent Persuasion until Central Investment Feasibility Review Passed
- With the News of the School Establishment… The Gohyeon Port Apartment Market also Feels ‘Anticipation’
- Conclusion: Completion of the Gohyeon Port Development, Expected Increase in 'Quality of Life' through Securing Educational Infrastructure
- Frequently Asked Questions (FAQ)
Finally, an Elementary School is Established in the Gohyeon Port Reclaimed Land
One of the most important tasks in the Geoje Gohyeon Port redevelopment area, the establishment of an elementary school and public sports facilities, is officially beginning. The construction project of the (tentative name) Gohyeon1 Elementary School complex is being carried out in cooperation with Geoje City, Gyeongsangnam-do Office of Education, and Geoje Education Support Office. It passed the central investment review of the Ministry of the Interior and Safety in June 2025 and is aiming for administrative procedures to open in March 2029.
This project includes the establishment of a 26-class elementary school with 1 basement and 5 floors on the school land within the Gohyeon Port reclaimed area, and the construction of a public sports facility dedicated to table tennis on the 2nd floor. The total project cost is 56.3 billion won, part of which will be secured through the Ministry of Education's competition to obtain local education finance grants and 1.5 billion won in national funds. It is expected to significantly improve local education and sports infrastructure.
Gohyeon Port Apartment Residents' Long-standing Wishes Resolved… Parents Say “Now I Can Rest Easy”
Children of residents living in the Gohyeon Port reclaimed area have been assigned to Shin-hyeon Elementary and Jung-gok Elementary, which are more than 1 km away from their homes instead of a nearby school. This has raised ongoing concerns over the safety of the commuting route. In particular, as they have to navigate the 8-lane road 'Geoje Dae-ro' and an industrial road frequently used by large trailers, parents have expressed concern with voices like “the commute path feels like a death road.”
However, the education authorities have postponed the project several times, citing that the school establishment criteria of 4,000 households had not been met and taking into account the declining school-age population. Consulting from the Local Finance Research Institute has also determined a lack of demand. This situation has caused significant dissatisfaction and inconvenience among local residents, indicating a need for future solutions.
In 2023, the rules for financial investment project reviews by local education administrative agencies were revised. As a result, when establishing both an elementary school and school complex facilities simultaneously, it is possible to proceed with the project through the provincial office of education's own review without central submission to the Ministry of Education.
Utilizing this system, Geoje City has successfully secured some budget through being selected in the Ministry of Education's competition by separately investing 5 billion won in the public sports facility, thus enabling significant budget acquisition.
Mayor, Citizens, and Council All Out… Persistent Persuasion until Central Investment Feasibility Review Passed
Geoje City plans to conduct a feasibility study in 2024 and request an investment review from the Ministry of the Interior and Safety in the first half of 2025 through rapid administrative procedures for this new project.
In particular, the Mayor of Geoje emphasized the establishment of Gohyeon1 Elementary School as a key promise during his re-election campaign, conducting persuasion activities by visiting the Ministry of the Interior and Safety and the National Assembly. By holding multiple meetings with the Director of Local Finance at the Ministry and the Chair of the Administrative Safety Committee of the National Assembly, they achieved the goal of passing the central investment review through comprehensive lobbying and administrative efforts.
The remaining steps include deliberation on public property, architectural planning, design competitions, and finalized designs. Geoje City plans to start construction in June 2027 and open the complex facilities in March 2029. To this end, it plans to proceed with schedules without any setbacks through close cooperation with the provincial office of education and education support office.
With the News of the School Establishment… The Gohyeon Port Apartment Market also Feels ‘Anticipation’
Following the confirmation of the establishment of Gohyeon1 Elementary School, positive changes are being noted in the apartment market around the Gohyeon Port reclaimed land. In particular, 'e-Peasy World Geoje Euro Sky' and 'e-Peasy World Geoje Euro Island' are currently experiencing active trades and garnering lots of attention. Such changes are expected to positively influence the local residential environment.
The transaction price of e-Peasy World Geoje Euro Sky (84㎡) was disclosed in February 2024.
For the 16th floor, it was traded at 423.72 million won, while the 4th floor was at 348.03 million won.
The price difference between high-rise and low-rise units is significant, and the price appears to have fluctuated greatly depending on sea views.
In the case of e-Peasy World Geoje Euro Island (84㎡), a total of 8 transactions occurred within June 2025. Among these, the highest transaction price was 420 million won on the 31st floor, while the lowest was recorded at 377 million won on the 9th floor. The current transaction price is forming between 370 million won and 420 million won.
There are price differences depending on each unit, floor, and view, but due to the recent increase in transaction volume, the actual transaction price is showing a gradual recovery trend. Additionally, improvements in living infrastructure, such as the establishment of an elementary school, are expected to have a positive impact in the future.
In this way, expectations are growing for how such development news will bring change to the local economy in an area where the real estate market has been somewhat sluggish.
Conclusion: Completion of the Gohyeon Port Development, Expected Increase in 'Quality of Life' through Securing Educational Infrastructure
The establishment of the Gohyeon1 Elementary School complex goes beyond just establishing a school. It is an important expansion of living infrastructure that makes the port redevelopment of Gohyeon Port even more complete.
With the passing of this central investment review, the transformation into a complex marine city where education, culture, and living harmonize is becoming a reality, and it is expected to significantly improve the living conditions of Big Island. Furthermore, such changes are anticipated to have a positive long-term impact on the Geoje Island real estate market.
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Frequently Asked Questions (FAQ)
Q. What is the Gohyeon1 Elementary School complex construction project about?
A 26-class elementary school and a public sports facility dedicated to table tennis will be established in the Gohyeon Port reclaimed land.
Gohyeon1 will be built as a 26-class elementary school with 1 basement and 5 floors, and a public sports facility dedicated to table tennis will also be established on the 2nd floor. The total project cost is 56.3 billion won, and it is being advanced by securing local education finance grants and 1.5 billion won in national funds through the Ministry of Education's competition. Administrative procedures are in progress with the aim of opening in March 2029.
Q. Why is a new elementary school necessary?
Children of Gohyeon Port residents have been commuting to distant schools, leading to safety issues.
Currently, children of residents in the Gohyeon Port reclaimed area are assigned to Shin-hyeon Elementary and Jung-gok Elementary, having to commute over 1 km. Especially, passing through an 8-lane road and a road frequented by large trailers raises significant safety concerns among parents. Establishing an elementary school is a crucial task to resolve these commuting safety issues and meet residents' long-standing wishes.
Q. How was the process for passing the central investment review conducted?
The mayor, citizens, and council collaborated to pass the central investment review of the Ministry of the Interior and Safety.
The Mayor of Geoje made the establishment of the school a key promise during his re-election campaign and engaged in persuasion activities such as visiting the Ministry of the Interior and Safety and the National Assembly. By conducting several meetings with the Director of Local Finance and the Chair of the Administrative Safety Committee, they made comprehensive efforts which led to the achievement of passing the review in June 2025. Subsequent deliberation on public property and design procedures are progressing as planned.
Q. Does the plan include the establishment of public sports facilities?
Yes, a public sports facility dedicated to table tennis will also be constructed alongside the school complex facilities.
Within the school complex, a public sports facility dedicated to table tennis will be built with a size of 2 floors. Geoje City successfully secured part of the budget by being selected in the Ministry of Education's competition, with a separate investment of 5 billion won, enhancing both educational and sports infrastructure for local residents.
Q. What impact does the establishment of a new elementary school have on the local real estate market?
The news of the new school has increased expectations for transactions and price rises in Gohyeon Port apartment sales.
Following the confirmation of Gohyeon1, transactions for 'e-Peasy World Geoje Euro Sky' and 'Euro Island' apartments have begun to pick up. Although there are price differences between floors and views, the increase in transaction volume indicates that the actual transaction prices are recovering. It is anticipated that improvements in living infrastructure will positively affect the local economy and real estate market.
