Invest KOREA

Project Overview

• Location : 707, Hoenggye-ri, Daegwallyeong-myeon, Pyeongchang-gun, Gangwon-do
• Development Area : 1,123,322㎡
  • Non-Developed Area: 237,000㎡
  • Pre-Developed Area: 827,487㎡(Existing town and infrastructure, etc.)
  • Pre-Project Confirmed Area: 58,835㎡(Creation of Peace Theme Park organized by Pyeongchang-gun)
• Project Cost : KRW 45,900 million (Peace Theme Park)
• Facilities to be built : Tourism Facility Site

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.
• Status of Development Site
  • Include pre-developed area including major towns (urban areas) of Hoenggye-ri, including Hoenggye-ri Bus Terminal
  • Mostly 500m ~ 800m elevation, with a degree of slope 15 or less(Some of non-developed area is 25 or less degree slope)
  • Established infrastructure including roads in good state
• 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 global landmark tourism resources as the host city of the Olympics through symbolic and continuing nature of the Olympic facilities.
• Create world-class Olympic tourist spot by utilizing Olympic (peace) contents

Land

• 1,123,322㎡(Non-developed area: 237,000㎡, Mostly national and public land)

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

• Remarkable improvement of culture and tourism infrastructure
• Expand tourist inflow and create jobs by utilizing ITC to build unique experience space

• 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