Cities in the modern era are confronted with a diverse range of urban issues including the increase in natural disasters due to climate changes, aggravation of the international competition between metropolises, lack of high quality employment opportunities in the knowledge-based society, aging of the residential and industrial estates, and lack of residences for low-income families arising from the worsening of the polarization in the household income classes.
Such urban problems can be resolved through the establishment of plans that forecasts and prepares for the changes in the future.
1. Project Overview
- This project establishes a planned urban development direction for the Maehwa-dong
area of Siheung City and reviews sectoral plans and overall project feasibility.
- The study covers approximately 1,342,000 m² (approximately 406 acres) around 288-1, Maehwa-dong, Siheung-si, Gyeonggi-do, and reviews the basic concept, cost, demand and benefit estimates, as well as economic, financial, policy, and investment feasibility.
2. Project Schedule
- Jan. 22, 2025: Kickoff Report – Sharing of the project direction and key review items
- Jul. 15, 2025: Interim Report on the Basic Concept and Feasibility Review
- Jul. 28, 2025: Current Issues Report to the Mayor of Siheung – Siheung City’s decision to pursue a public-private partnership project
- Nov. 25, 2026: Final Report
- Dec. 10, 2025: Completion of the Service – Submission of the basic concept and
feasibility study deliverables
