Overview

Daesong Industrial Complex
  • Location: Jinjeong-ri and Daesong-ri areas in Geumnam-myeon, Hadong-gun
  • Project Period: 2009 - 2018
  • Area: 1,367,000㎡
  • Project Cost: KRW 0.2320 trillion
  • Business Type: Transport equipment manufacturing, metalwork manufacturing
  • Project Operators: Hadong County, Daesong Industrial Development Co., Ltd.
  • Financial Institution: Korea Investment & Securities Co., Ltd.
  • Contractors: Korea Development Corporation, Myunghyun Construction Co., Ltd., Daekyong Construction Co., Ltd., Bugun

Progress Timeline

  • Oct 30, 2003: Designation of Gwangyang Bay Area Free Economic Zone (Ministry of Finance and Economy)
  • Nov 24, 2009: Development plan and execution plan approved (Ministry of Knowledge Economy)
  • Jul 29, 2011: The 3rd application of the the Basic Plan for Reclaiming Land from Public Waters (Ministry of Land, Transport and Maritime Affairs)
  • May 03, 2013: PF acquired (KRW 181 billion)
  • Jul 29, 2013: Compensation agreement signed and compensation paid
  • Oct 23, 2013: Change in the development plan approved
  • Jan 16, 2014: Change in the project execution plan approved
  • Jan 13, 2015: Execution agreement and subcontractor agreements signed
  • (Hadong County, Daesong, Korea Investment & Securities Co., Ltd., Korea Development Corporation, Myunghyun Construction Co., Ltd., Daekyong Construction Co., Ltd., Bugun)
  • Feb 02, 2015: Construction initiated

Future Plans

Feb. 2018: Completion of the construction of the industrial complex