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[Gangwon-do]
Wonju Tourism & Leisure City
Date
2015.07.09
■ Development conditions
- Function as nearby city of 2018 Pyeong-chang winter Olympics
- Since Wonju is close to Olympics comprehensive special zone, it can function as tourism, leisure, lodging city
- Synergies with Pyeong-chang winter Olympics is expectable
- Cheap land cost and large scale of lands
- Cheap land cost, which is only 26.6% of the national average official price
- Approx. 2,628,935 pyeong, which takes 43.6% of total land, is owned by the government, and Wonju city is about to invest in city land
- Various development plans are possible with providing a large-scale land
■ Development plan for each zone
- Developing the best converged complex, considering accessibility, qualitative life style, connectivity with surroundings, entertainingness, etc.
- Developing integrated resort for all four seasons by taking advantage of river and mountainous terrain
- Developing station sphere ZONE, which connects to the cardinal points
- Developing world city ZONE of Bed-town type with new concept
- Developing Korean culture wave based entertainment ZONE and sports and leisure/eco-friendly theme park ZONE
| ZONE | Area(㎡) | Introducing facilities |
| Resort ZONE | 3,607,630 | Hotels, golf courses, condominiums, ski resorts, casinos, water parks, commercial, cultural facilities, etc. |
| Sports/leisure ZONE | 1,860,115 | Sports Complex, MTB, off-road, Kayaking, trekking, rock climbing, training, Water sports facilities |
| Station Sphere ZONE | 1,158,000 | Shopping outlets, distribution complex, terminals, station sphere transfer center, shopping center |
| World city ZONE | 4,122,900 | Public housing, commercial facilities, business facilities, Green life facilities, schools, care facilities, migration facilities, etc. |
| Entertainment ZONE | 1,160,112 | Korean culture integrated complex, filming set, K-POP venues |
| Medical ZONE | 1,440,200 | Medical complex, Spa & Therapy, Medi-tel facilities, ecological healing Park, rehabilitation Center |
| Downtown ZONE | 1,200,287 | Square, Carnival Street, shopping malls, Museums, convention, beauty town, etc. |
| Eco park ZONE | 3,438,500 | Forest, Arboretum, ecological experience center, observatories, camping, straw track, healing park |
| Amusement park maintenance ZONE | 1,948,764 | Pension complex, swimming facilities, parks, trails, accommodation, experience center, etc. |
| Total | 19,936,508 | 6,030,793 pyeong |
■ Step-by-step development plan
- Step-by-step development with the core businesses
- Considering the various environmental and market issues, planned the project period from 2015 to 2030 with 3 steps
- 2nd stage and 3rd stage area’s reputations and awareness can increase with promotion activities of 1 stage developing area where station sphere exists and traffic accessibility is superior
- Stability can be ensured by-step development investment
| Resort ZONE | ㆍ4 season integrated resort, which correlated with Oak valley ㆍEasy to aquire and develop, since most lands belong to the city ㆍEasy to develop 4 season integrated resort with mountaneous terrain and seom river |
| Station Sphere ZONE | ㆍWest Wonju station of centerline double track railway ㆍYeoju double track railway connects to west Wonju station ㆍTransportation hub of the country in terms of the cardinal point ㆍProposing west Wonju station sphere ZONE |
| World city ZONE | ㆍPlanning metropolitan bed-town, which is located 1 hour from Seoul ㆍDeveloping new concept of World city ZONE with approx. population between 20,000 and 30,000 ㆍPlan to build foreign village by utilizing immigration for real estate investors policy |
| Downtown Entertainment Medical ZONE | ㆍVarious facilities such as entertainment ZONE and Medical ZONE, are planned to develop with downtown ZONE as downtown area ㆍKorean culture wave based entertainment ZONE plan ㆍPlan to construct residential area around World city to better off for both ZONEs |
| Sports/leisure Eco park Amusement park Maintenance ZONE | ㆍExtreme park construction for sports/leisure ZONE ㆍEco friendly theme park construction for ECO park ZONE ㆍActivation of Ganhyeon amusement park for amusement park maintenance ZONE |
■ FDI Differentiation (Resort ZONE)
- Resort ZONE FDI differentiation
- Cheap land costs due to Wonju city’s contribution in kind
- Ensuring the best accessibility with solid traffic system
- Synergistic effect with surrounding facilities such as Hansol Oak Valley
| Land Contribution in kind | ㆍWonju municipal owned land, which takes 80% of the total land, is contributed in kind ㆍSPC equity participation in Wonju: Permit Administrative support ㆍOne-third of the national official price : low price |
| Infrastructure Support | ㆍInfrastructure construction such as roads and bridges through public fund support ㆍEX: Chuncheon Lego land bridge construction (KRW 94.5 billion supported) ㆍLicensing administrative support, one-stop support with TF teaming |
| Connection to Oak Valley | ㆍConsidering future expansion, national land approx. 200 million ㎡ is acquired as reserved land becomes the nation's largest resort if associate with Hansol Oak Valley Resort ㆍDomestic resort development and construction companies associated support activities |
| Solid traffic system | ㆍ108KM away from Seoul, and takes 50 minutes by public transportation
ㆍLocated at intersection where three highway and two double-track train cross ㆍPropulsion of Wonju airport as International airport : attraction of foreign tourists |
| Investment incentives | ㆍRight to get permanent residency, if investor invests more than KRW 5million ㆍCorporation tax, income tax, acquisition tax, property tax exemption ㆍAcquire a entering permit to foreigner-only casinos , when USD 5 billion investment is made |
■ FDI Differentiation (Station sphere ZONE)
- Station sphere ZONE FDI differentiation
- Not only cheap land costs, but also active administrative supports for land acquisition
- Synergy creation with the surroundings development plan
- Best traffic accessibility with the intersection point of Seoul-Busan, Seoul-Gangneung railways
| Cheap Land cost | ㆍOne- third of the country's land official price ㆍTourism & Leisure city : Land eminent domain exists ㆍParticipating station sphere ZONE development after consultation with the National Railroad |
| Licensing Support | ㆍInfrastructure construction such as roads and bridges through public fund support ㆍLicensing administrative support, one-stop support with TF teaming ㆍLand acquisition and civil administration supports |
| Surroundings Development Plan | ㆍLocated close to the Wonju Tourism & Leisure city and knowledge-based city ㆍClose to Wonju innovative city, Industrial Park, and Oak Valley |
| Solid Traffic system | ㆍ108KM away from Seoul, and takes 50 minutes by public transportation ㆍLocated at railway cross point (Seoul-Busan, Seoul-Gangneung railway) ㆍTakes less than 50 minutes by Seoul Metropolitan Subway |
| Investment incentives | ㆍCorporation tax, income tax, acquisition tax, property tax, tax exemption
ㆍAcquire a entering permit to foreigner-only casinos , when US $ 5 billion investment is made |