Gyeonggi Province to Build Additional Rental Industrial Complex

Gyeonggi Province announced on the 18th that it will build one additional rental industrial complex where factory sites are leased to small and medium-sized enterprises for a certain period to reduce their initial burden.

The province is receiving development plans from six municipalities within the province, including Yangju, Gimpo, and Hwaseong, and is currently reviewing them. The candidate site will be confirmed by next month.

The rental complex will have a site area of 50,000 pyeong or less and will break ground in the first half of next year after undergoing various licensing procedures including environmental impact assessments. The complex will accommodate assembly metal, machinery, electronics, and electrical parts industries.

Within the province, three rental complexes have been or are being built in Paju Tanhyeon, Hwaseong Balan, and Gimpo Yangchon.