Securing 250 billion won in national funds with a total investment of 1217 billion won
Expected to play a role as a catalyst for revitalizing the local economy,
Perspective drawing,
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, ‘[Herald Economy (Incheon)=Reporter Lee Hong-seok] Incheon Metropolitan City announced on the 29th that the Hwasu Wharf in Dong-gu has been selected as a national demonstration zone for urban regeneration innovation by the Ministry of Land, Infrastructure and Transport in 2024.’,
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, ‘The urban regeneration innovation zone is a district-level project that integrates various functions such as industry, commerce, housing, welfare, and administration led by the public sector to create an economic hub, promote job creation, and revitalize the area.’,
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, ‘Once selected as a national demonstration zone, it will receive 25 billion won in national funds, funding from the Korea Housing Guarantee Corporation, and provide radical benefits such as relaxation of building regulations and simplification of administrative procedures.’,
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, ‘Incheon City has been participating in various national urban regeneration project competitions since 2016 and has achieved success with a total of 26 sites selected and securing 214.2 billion won in national funds until last year, marking the first selection as an urban regeneration innovation zone this time.’,
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, ‘The innovation zone project aims to establish a root industry innovation cluster reflecting the characteristics of the surrounding industrial areas in Dong-gu and activate the local economy.’,
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, ‘Incheon City plans to invest a total of 1217 billion won over 5 years from 2025 to 2029.’,
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, “Key facilities include the ‘Root Innovation Platform’ (basement 2nd floor, ground 8th floor, 15,196㎡) for creating an industrial economic hub in central Incheon and the ‘Hwasu Harmony Center’ (7th floor, 3,433㎡) equipped with living SOC facilities for the residents and workers of Hwasu Wharf.”,
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, ‘Moreover, the adjacent old and poor housing areas will be newly reconstructed as the ‘Hwasu Innovation Village’ (48 households in a multi-family housing unit) in connection with residential environment improvement projects.’,
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, ‘Affordable rental housing will also be provided for socially vulnerable groups, prioritizing the resettlement of local residents.’,
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, ‘Lee Jong-sin, the head of the Urban Balance Division, said, “Through this innovation zone project, the area around Hwasu Wharf in Dong-gu will have a great opportunity for significant change” and expressed expectations that “the ripple effects such as job creation through innovation in the root industries will play a role as a catalyst in the Incheon Renaissance Project.”‘,
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