Table of Contents
- Securing up to 10 billion won in national funds… Leap towards a regional growth hub
- Investing 122.5 billion won… Overview of the KTX Goseong Station area development project
- Synergy between Sports Healing Town and the Railway
- Disappointment over the absence of the Masan-Goseong Expressway
- Conclusion
- Frequently Asked Questions (FAQ)
Securing up to 10 billion won in national funds… Leap towards a regional growth hub
Gyeongsangnam-do Goseong-gun has been finally selected in the '2025 Investment Leading District Contest' organized by the Ministry of Land, Infrastructure and Transport. As a result, Goseong-gun will secure two investment leading districts, becoming the first local government in the country to do so, and the KTX station area development project is set to proceed in earnest.
This project is a national initiative aimed at identifying strategic projects based on transportation hubs to develop into a future viable city, and Goseong-gun was recognized for its excellent location conditions and strategic development plans during the three stages of evaluation: document review, on-site inspection, and final presentation.
Designated regions as investment leading districts will enjoy various benefits. Tailored consulting, relaxation of building coverage ratio and floor area ratio, designation of special construction zones, support for regulatory sandboxes, and reduction of consent periods are among the 73 types of regulatory exceptions provided, along with support of up to 10 billion won in national funds. This support is expected to significantly contribute to the economic development of Goseong-gun.
Investing 122.5 billion won… Overview of the KTX Goseong Station area development project
The KTX Goseong Station area development project is a large-scale project that will invest a total of 122.5 billion won over approximately 220,000 square meters in the Songhak-ri area of Goseong-eup by 2032. The main goal of this project is to establish a transportation hub centered around KTX Goseong Station and integrate it with regional industrial bases for future growth.
First, the expansion of transportation infrastructure is crucial. The outdated bus terminal will be newly constructed in connection with the KTX station, establishing a metropolitan transfer hub that integrates buses, taxis, and KTX.
Second, the linkage between regional industry and tourism is key. A 'Sports Vacation Center' combining the region's strategic industry, sports, will be established, along with the creation of a youth entrepreneurship support center. Additionally, commercial and residential complexes will be developed concurrently.
Finally, the project aims to revitalize the local economy. It is essential to attract private investments and lead job creation through the formation of commercial districts.
Through this process, Goseong-gun is expected to significantly improve accessibility to the capital region after the opening of the Southern Inland Railway and grow into a complex hub city with industrial, tourism, and residential functions. For more detailed information about KTX Goseong Station, please refer to the post below.
Synergy between Sports Healing Town and the Railway
Goseong-gun plans to maximize synergy with the Southern Inland Railway (KTX) by creating a Sports Healing Town alongside the KTX Goseong Station area development. This is expected to attract national sports competitions, cultivate talents in sports science, and encourage the influx of young populations.
These efforts are anticipated to contribute to an increase in tourist numbers and the revitalization of the local economy.
Moreover, by linking with existing strategic industries such as shipbuilding and marine plants and the unmanned aerial vehicle industry, the plan is to diversify the industrial portfolio and create a foundation for sustainable growth.
Disappointment over the absence of the Masan-Goseong Expressway
Currently, there is no expressway connecting Masan and Goseong, which leaves a sense of disappointment regarding the completeness of the transportation network. Although the national road is well maintained, the lack of expressway when traveling from Busan, Changwon, or Masan to Goseong or Tongyeong poses psychological burdens and inconvenience in terms of time.
To maximize the effects of the KTX opening and station area development, the long-term expansion of the metropolitan road network is essential. When these efforts are implemented, significant improvements in local transportation convenience are expected.
Conclusion
The KTX Goseong Station area development project is expected to be an important opportunity for Goseong-gun to develop into a future-oriented complex city where transportation, industry, and tourism converge.
If the Southern Inland Railway opens, utilizing national funding support and regulatory exceptions, it is likely to emerge as a central hub in the Gyeongnam region.
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Frequently Asked Questions (FAQ)
Q. What is the significance of Goseong-gun being selected as an investment leading district for 2025?
Goseong-gun has secured two investment leading districts and will receive up to 10 billion won in national funds and regulatory exception benefits for the KTX station area development.
With Goseong-gun being finally selected in the 2025 investment leading district contest, it has become the first local government in the country to secure two investment leading districts. This project is a national initiative promoted by the Ministry of Land, Infrastructure and Transport based on transportation hubs with the aim of developing viable cities. Goseong-gun was chosen due to its excellent location and strategic significance recognized during document review, on-site inspections, and presentation evaluations, and it will receive various benefits including up to 10 billion won in national funding, regulatory exceptions such as relaxation of building coverage ratio and floor area ratio, and shortened consent periods.
Q. What are the main contents and goals of the KTX Goseong Station area development project?
It is a large-scale project investing 122.5 billion won in the Songhak-ri area of Goseong-eup to create a complex hub city centered around KTX transportation, industry, and living.
The KTX Goseong Station area development project is a project to invest a total of 122.5 billion won over approximately 220,000 square meters by 2032, aimed at expanding transportation infrastructure and linking regional industries and tourism. The outdated bus terminal will be redeveloped into a metropolitan transfer hub connected to the KTX station, and a sports industry and entrepreneurship support center will be established along with commercial and residential complexes to attract private investment and promote job creation. Consequently, after the Southern Inland Railway opens, it is planned to enhance accessibility to the capital region and secure a foundation for future growth.
Q. How do Sports Healing Town and the KTX Goseong Station development connect?
By establishing Sports Healing Town, it aims to attract sports competitions, cultivate talents, and encourage youth influx to maximize synergy with KTX.
Goseong-gun is striving to create a Sports Healing Town alongside the KTX Goseong Station area development. This initiative aims to attract nationwide sports competitions, cultivate talent in sports science, and encourage the influx of young people. An increase in tourists and revitalization of the local economy are also expected, alongside contributing to the diversification of the industrial portfolio and establishing a foundation for sustainable growth through connections with existing strategic industries like shipbuilding and marine plants and unmanned aerial vehicle industry.
Q. What are the shortcomings of the transportation network in Goseong-gun and the direction for improvement?
The absence of an expressway connecting Masan and Goseong is disappointing, highlighting the need for the expansion of the metropolitan road network.
Currently, there are no expressways connecting Goseong-gun to Masan, resulting in significant time and psychological burdens when traveling from Busan, Changwon, or Masan to Goseong or Tongyeong. While the national road is well maintained, the absence of an expressway causes inconvenience to users. To maximize the effects of the KTX opening and area development, long-term expansion of the metropolitan road network and expressways is essential, leading to significant improvements in local transportation convenience.
Q. What are the expected effects of the KTX Goseong Station area development project on Goseong-gun?
It is expected to develop into a complex hub city where transportation, industry, and tourism converge, as well as stimulate regional economic revitalization and job creation.
The development of KTX Goseong Station area represents an important opportunity for Goseong-gun to leap towards a future-oriented complex city with the opening of the Southern Inland Railway. By utilizing national support and regulatory exception benefits, an innovative hub with integrated functions of transportation, industry, and tourism will be formed, leading to anticipated investment attraction and revitalization of commercial districts due to improved accessibility to the capital region. This will have a positive impact on regional economic revitalization, job creation for young people, and overall improvement in residents’ quality of life.
