Table of Contents
- Gadeokdo New Airport Land Compensation Phase
- Background of the Expropriation Ruling for Gadeokdo New Airport
- Meaning of Expropriation Ruling and Changes in Land Ownership
- Scale of Compensation for Gadeokdo New Airport and Current Status of the Project
- Implications from the Perspective of Gadeokdo Real Estate and Land Investment
- Conclusion | Gadeokdo New Airport, Moving from Planning to Reality
- Frequently Asked Questions (FAQ)
Gadeokdo New Airport Land Compensation Phase
The construction project for the Gadeokdo New Airport has undergone significant changes in the land compensation phase. With the Central Land Expropriation Committee passing the expropriation ruling, the long-delayed compensation negotiations are now set to proceed through legal processes.
This progress signifies that the construction of the Gadeokdo New Airport is truly preparing to begin. This is expected to lead to a re-evaluation of the long-term value of the Gadeokdo region in the real estate and land market.
Background of the Expropriation Ruling for Gadeokdo New Airport
On December 11, 2025, the Central Land Expropriation Committee decided on the expropriation ruling for the land and facilities necessary for the construction of the Gadeokdo New Airport where compensation negotiations had not been reached.
The city of Busan held three rounds of compensation negotiations with landowners between June and August 2025; however, agreements could not be reached for some parcels. Consequently, 491 parcels, amounting to approximately 267,000 square meters, were submitted for expropriation ruling by the Central Land Expropriation Committee, and through this ruling, 481 parcels, approximately 264,000 square meters, were finalized.
An additional review for the remaining 10 parcels is scheduled for January 2026, making future outcomes noteworthy. This process is considered an important step to ensure the smooth progress of the Gadeokdo New Airport construction.
Meaning of Expropriation Ruling and Changes in Land Ownership
The expropriation ruling refers to a procedure whereby, if negotiations for a public project fail, the compensation amount and the transfer of ownership are determined administratively. According to this ruling, the ownership of the respective land is scheduled to transfer to the Ministry of Land, Infrastructure and Transport on February 4, 2026.
However, landowners and stakeholders may contest the contents of the ruling. In this case, they can file a complaint with the Central Land Expropriation Committee or proceed through administrative lawsuits to seek relief for their rights. This structure involves legal compensation and relief procedures in conjunction with the expropriation, rather than being purely compulsory.
Scale of Compensation for Gadeokdo New Airport and Current Status of the Project
The compensation measures related to the construction of the Gadeokdo New Airport are quite extensive.
A total of 668 parcels are included, covering approximately 370,000 square meters, and among the 11,761 structures, 450 buildings are also included. Commercial compensation involves 90 cases, and agricultural compensation extends to 28 cases, with 380 households targeted for residential relocation.
Since the signing of the trust agreement for compensation work in 2023, a series of procedures including basic surveys, appraisals, public hearings, and compensation negotiations have been carried out step by step. This expropriation ruling decision is seen as a crucial turning point for alleviating long-term delays and significantly enhancing the project completion rate.
Implications from the Perspective of Gadeokdo Real Estate and Land Investment
The Gadeokdo New Airport signifies more than just the construction of an airport. This project is positioned as a national strategic initiative that will restructure the industrial, logistical, and residential landscapes of Busan’s southern and western regions, along with Changwon City and the entire eastern Gyeongnam province.
The expropriation ruling passing indicates a significant reduction in development-related risks. This likelihood points positively towards the long-term value of land and real estate in Gadeokdo and the neighboring Gangseo-gu area.
Particularly, if the expansion of transportation infrastructure, the development of the surrounding city, and the concentration of logistics and aviation industries are realized, Gadeokdo is expected to emerge as a new growth engine for Busan. Such changes will have a substantial impact on the local economy.
Conclusion | Gadeokdo New Airport, Moving from Planning to Reality
The expropriation ruling by the Central Land Expropriation Committee marks a significant milestone in the transition of the Gadeokdo New Airport construction project from planning to execution.
This development significantly reduces uncertainties in project advancement as the compensation process is set to proceed, and the future value of the Gadeokdo region is becoming increasingly clear.
The Gadeokdo New Airport is expected to be a key element that will greatly impact Busan's urban structure and real estate market, necessitating careful observation and strategic approaches from a long-term perspective.
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Frequently Asked Questions (FAQ)
Q. What is the background of the Gadeokdo New Airport land compensation procedure being initiated?
Compensation negotiations proceed legally following the expropriation ruling by the Central Land Expropriation Committee.
The Central Land Expropriation Committee decided on the expropriation ruling on December 11, 2025, due to the inability to reach agreements with some landowners regarding compensation negotiations for the construction of Gadeokdo New Airport. As a result, the long-delayed compensation process is now legally confirmed, and formal compensation and land expropriation will proceed. This stage indicates the commencement of preparations for the new airport construction, with expectations for a reevaluation of long-term value in the related real estate market.
Q. What is expropriation ruling, and what impact does it have on land ownership related to Gadeokdo New Airport?
Expropriation ruling is a procedure for administratively determining compensation and land ownership transfer in case of negotiation failure.
Expropriation ruling is a legal procedure where the Central Land Expropriation Committee determines compensation amounts and the transfer of land ownership when negotiations for public projects are unsuccessful. The land related to the Gadeokdo New Airport is scheduled to transfer ownership to the Ministry of Land, Infrastructure and Transport on February 4, 2026. However, landowners can seek relief through complaints or administrative lawsuits, meaning that legal compensation and relief procedures accompany expropriation rather than being merely compulsory.
Q. What is the scale of compensation for Gadeokdo New Airport and the current status of the project?
There is large-scale compensation involving 668 parcels, approximately 370,000 square meters of land, and 450 buildings.
The compensation target for Gadeokdo New Airport includes a total of 668 parcels covering approximately 370,000 square meters along with 11,761 structures, including 450 buildings. There are 90 cases of commercial compensation and 28 cases of agricultural compensation; residential relocation involves 380 households. Starting from 2023, basic surveys, appraisals, public hearings, and compensation negotiations have been progressively implemented, and this expropriation ruling dispels concerns about long delays, making smooth project progress more likely.
Q. What are the real estate and investment perspectives caused by the expropriation ruling of Gadeokdo New Airport?
The expropriation ruling indicates reduced development risks, and Gadeokdo's real estate value is expected to rise in the long term.
The expropriation ruling indicates that the risks associated with the development of Gadeokdo New Airport have been significantly alleviated. Consequently, land and real estate values in Gadeokdo and nearby Gangseo-gu are predicted to experience positive effects in the long term. Particularly with the expansion of transportation infrastructure and the concentration of the aviation and logistics industries, Gadeokdo is poised to become a new growth engine for Busan. This will significantly contribute to the revitalization of the local economy.
Q. What is the current status and future outlook for the construction of Gadeokdo New Airport?
With the expropriation ruling, compensation procedures will commence, and the project will transition from planning to execution.
With the expropriation ruling by the Central Land Expropriation Committee, the Gadeokdo New Airport construction project has transitioned from planning to execution. This reduces uncertainties and is expected to enhance the momentum of project advancement. The Gadeokdo New Airport is projected to cause significant changes to Busan’s urban structure and real estate market in the long term, necessitating strategic interest and investment from both government and private sectors.