SAEMANGEUM
- SAE Korean word for 'new'
- MAN "MAN" from Man-kyeong plain
- GEUM "GEUM" from Gim(Geum)-je plain
- ="NEW" MAN GEUM "bringing in riches and prosperity"
Now, Saemangeum shall be the ‘new land’ which will give birth to new civilization for growth and clean environment covering economy, industry and tourism
Saemangeum is a land of opportunity and hope
Overview of the Saemangeum Project
- Purpose To develop the Saemangeum project area into a global hub of free trade
- Size 409㎢ (reclaimed land: 291㎢, lake: 118㎢)
- Location Gunsan-si, Gimje-si, and Buan-gun, Jeollabuk-do Province
- Project cost approx. KRW 22.19 trillion
- Development plan Industry & Research Area, International Cooperation Area, Tourism & Leisure Area, Agro-bio Area, Eco Environment Area, Residential(Urban) Area
- International Economic cooperation Hub
- Formation of an economic community with cooperation among Korea, China, Japan, etc.
- Premium City for Living &Exchange
- A high-class city with world-class living conditions
- Vibrant Green Waterfront City
- A sustainable green and eco-friendly city where there is coexistence of man and nature
- Tailor-made Open Plan City
- A city that reflects the needs of investors
- City of Deregulation and Incentives
- A pilot city for tailored incentives and deregulation
Competitiveness of the Saemangeum Project
1. A national project implemented by the government
- stablishment of the Saemangeum Development and Investment Agency (Sept. 2013) for project implementation
2. Ease of land expansion
- by the state that is two-thirds the size of Seoul (409㎢) without any regulations or civil petitions
3. up by the Special Act on Saemangeum
- The Saemangeum Special Act was enacted to administer schemes tailored to investors
Saemangeum Project Land Usage Plan
| Section | Dimension(㎢) | Ratio(%) | Description |
|---|---|---|---|
| Total | 291 | 100 | |
| Zone 1 (for industry ·research) |
41.7 | 14 | Cluster of new growth industry and relevant research facilities, implementation of innovative and futuristic eco-system by developing a specialized zone in connection with the airport |
| Zone 2 (for multi-purpose development) |
52 | 18 | Promotion of multi-purpose development including industry, distribution, international cooperation, culture, tourism, and energy, development in the central district of Saemanguem |
| Zone 3 (for tourism · recreation industry) |
36.8 | 13 | Formation of multi-purpose tourist city harmonizing tourism and new industries, including recreational businesses for tourists and technology experiences based on new technologies using the features of the waterfront area |
| Zone 4 (for hinterland facility) |
94.3 | 32 | Activation of industry focusing on agriculture and tourism, conversion into a self-sufficient multi-purpose city linking recreational businesses for tourists, including the development of Simpo Marina |
| Agriculture & Life Zone | 42 | 15 | Development of agricultural cluster by advancing agricultural and life industry, realizing eco-friendly farming, using agricultural ecosystem as tourism resource and forming a farming city. |
| Others | 24.2 | 8 | Development of the area around Saemangeum embankment as a tourist attraction |