Putting South Korea’s Smallest City on the Map

Guri in Gyeonggi Province has an area of ​​33.29 square kilometers, making it the smallest city in South Korea. It has a population of around 193,000 as of October last year. The map of this city is slowly but surely changing. The projected population size of the city by 2035 is approximately 235,000. This is an increase of more than 20 percent from now.

Guri Mayor Ahn Seung-nam seeks population growth and regional development through large-scale development projects.

Urban development project along the Guri Han River

The urban development project tentatively titled Guri Han Riverside is a forward-looking smart city project for job creation and local economic revitalization, in line with the Korean version of the government’s New Deal policy.

As a private investment project, it is expected to be completed by 2027, with a total of 4 trillion won ($3.3 billion) invested in an area of ​​1.49 million square meters in neighborhoods. from Topyeong-dong and Sutaek-dong.

Guri’s Han Riverside Urban Development Project is gaining momentum with the final approval of Gyeonggi Province in December last year after deliberation by the province’s planning committee for the approval of the “Master Plan of the city of Guri 2035” in August last year. The plan reflected the lifting of the development restriction zone (Green Belt, UK), which would bring the planned area for urbanization to 807,000 square meters.

Considering the lifting of GB restrictions on the project site, it is planned to continue with 727,000 square meters in the first stage and 772,000 in the second stage.

According to the review of Guri Housing and City Development Corporation, the investment feasibility of the Han Riverside urban development project was analyzed as “suitable”. On December 24 last year, at the 311th special meeting of the Guri City Council, the bill to establish another company for the Guri Han Riverside urban development project of the Guri Housing Corporation was approved.

Accordingly, in February this year, the plan is to set up a special purpose corporation jointly with 15 private consortia led by the Guri Housing and City Development Corporation to meet the human resource requirements for the operation of the business. After that, the GB will be lifted and urban development areas will be designated. Land compensation will begin next year, with the aim of completing the first phase of the project by 2027. The estimated cost of the first phase is 1.618 trillion won.

In the second phase of the project, a planned site for urbanization will result in a modification of the urban basic plan of Guri in 2024. The lifting of the GB and the designation of the urban development area will be completed. Starting with land compensation in 2026, the goal is to complete the second phase of the project by 2030.
E-commerce logistics complex in Sano-dong area

An e-commerce logistics complex will be promoted under the government’s logistics facility innovation plan and the Korean version of the New Deal project in July 2020.

The direction of development has been set as a food processing industry combining food processing and advanced technology in a site of about 72,000 square meters in Sano-dong.

The food technology industry is rapidly growing as one of the most promising industries in the world, and it is an area of ​​great interest for businesses and universities.

The city of Guri has closely consulted with the government so that the relocation of the agricultural and marine products wholesale market and the Food Tech Valley construction project are reflected in the e-commerce logistics complex. By creating jobs through e-commerce logistics, distribution of agricultural and fishing products, and advanced food technology industry, the city plans to become a distribution center of the northeast region of the Greater Seoul area.

Mayor Ahn said: “A total of over 100,000 jobs are expected to be created, including 92,300 as a result of the Han Riverside urban development project, and 16,000 at the innovative logistics complex in e-commerce.

By Park Joung-kyu and The Korea Herald (kys@heraldcorp.com)

By Korea Herald (khnews@heraldcorp.com)

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