Invest KOREA

Project Overview

• Location : 26 Chahang-ri, Daegwallyeong-myeon, Pyeongchang-gun, Gangwon-do
• Development Area: 253,640㎡
  • Not-Developed Area: 213,640㎡
  • The Area of Confirmed Development: 40,000㎡ (To construct a training facility by Health Insurance Review and Assessment Service (HIRA))
• Project Cost: Approx. KRW 70 billion (To construct HIRA's training facility)
• Facilities to be introduced: Training facilities, Hwangtae-duckjang and commercial facilities, Tourism and accommodation and affiliated facilities

Locational Condition

• Location
  • Located in the inlands mountainous area of Young-seo, Gangwon-do, highland area with altitude of 700m or higher
  • With the average temperature of Summer 19.2 ~ 21.5℃, it is characterized by cool climate.
• Topographic features around the development area
  • Consist of arable land and forest, and gently sloped hilly area
  • To the south of the development area, residential are including houses surrounding Daegwallyeong elementary school was already established.
  • Mostly 500m ~ 800m elevation, with a degree of slope 15 or less
• Accessibility
  • Less than two hours from the capital area (KTX 100 minutes, Highway 130 minutes). Great accessibility of metropolitan transportation
  • Main access road can be reached by provincial road No.456 branched off from Yeongdong Highway (Daegwallyeong IC), located within 1km from IC
• Tourism attractions in the proximity: Yongpyeong Resort, Alpensia, Ranch (Daegwallyeong Sheep Ranch, Haneul Ranch, Samyang Ranch, Alps Ranch), Seonjaryeong, Balwangsan Mountain, New and Renewable Energy Park, Hwangtae-duckjang, etc.

Development Concept

• Create a complex as a basis for tourism

Land Status

• 253,640㎡(National and public land, Land category: Field, Forest)

Incentives

• Support national and public assets(Rent reduction, usage, profit, loan, and sales by private contract)
• Grant qualification as foreign investors for settlement
• Supply foreign investors rent houses (Provide construction site)
• Current transactions payment (For current transaction under USD 10,000 per unit, direct payment as a means of international payment)
• Provide foreigner-oriented services(Issue, receive, and process public documents in English)

Expected Results

• Create jobs and revitalize local economy by attracting facilities with great economic riffle effects
• Turn the development potential as the host city of the Winter Olympics into an opportunity for local development

• General Information about Pyeongchang-gun

  • Area: 1,464㎢
  • Population: 41,514
  • Characteristics
    • Korea's representative vacation spots with beautiful natural environment and rich tourism resources
    • Brand value improved through success in hosting the 2018 PyeongChang Winter Olympics
• Investment Advantages
  

  • Increase in international tourism demand after hosing the Winter Olympics
  • Excellent transportation accessibility thanks to KTX, Yeongdong Highways
  • Easy to connect the Olympic arenas and tourist spots
  • Cool weather with the average summer temperature of 19.2~21.5℃
  • Beautiful landscape resources including gently sloped hilly area