Goheung Space Complex Plan Is Confirmed
The development plan for the 1,510,000-square-meter national industrial complex in Goheung-gun, Jeonnam-Gwangju, which has been designated as a space industry launch vehicle cluster, has been confirmed. Compensation procedures will commence in 2027, and aerospace-related manufacturing and parts indu
The development plan for the 1,510,000-square-meter national industrial complex in Goheung-gun, Jeonnam-Gwangju, designated as a space industry launch vehicle cluster, has been confirmed. The complex, which will span 1,519,660 square meters in Bongrae-myeon, is expected to attract aerospace-related manufacturing and parts industries, including Hanwha Aerospace and Innospace, with occupancy agreements already signed in March 2024.
Compensation procedures will begin in 2027, with the complex aiming to be completed by 2032. The project, which will be developed by the Korea Land and Housing Corporation and the Jeonnam Development Corporation, is expected to generate 295.8 billion won in production inducement and 1,673 jobs during development.
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