Gwangju Military Airport Area, Site of Semiconductor Cluster, Designated as Land Transaction Permit Zone

The site of the Gwangju Military Airport and its surrounding areas, designated for the construction of the Honam region semiconductor cluster, have been designated as a land transaction permit zone.
The Ministry of Land, Infrastructure and Transport announced through an official gazette today (July 9) that, following a review by the Central Urban Planning Committee, a total of 364.19 square kilometers in the planned area for the Honam Advanced Semiconductor National Industrial Complex will be designated as a land transaction permit zone for two years.
The affected areas include Dong-gu, Seo-gu, Nam-gu, Buk-gu, and Gwangsan-gu in the Gwangju-Jeonnam Integrated Metropolitan City, as well as Naju, Jangseong, and Hwasun.
The designation will take effect on July 14.
The designation period will run until July 13, 2028.

Gwangju Military Airport has been selected as the site for the Honam region semiconductor cluster project, one of the government's three major mega-projects.
Consequently, concerns have been raised regarding the potential influx of speculative demand driven by expectations of development.
The Ministry of Land, Infrastructure and Transport initiated the process of designating the land transaction permit zone to preemptively curb rising land prices and speculative transactions.
In a land transaction permit zone, individuals must obtain permission from the head of the local government to trade land exceeding a certain size.
Land must be used for the purpose stated in the permit, and speculative transactions that are not for actual use are restricted.
(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.