A new international business town will be built on 17.82 million sq. m in Pyeongtaek in Gyeonggi Province, the new home of the U.S. Forces Korea. Apartments and houses for 64,000 households will be built starting in 2009.
The Ministry of Construction and Transportation on Thursday unveiled its development plan for the land in Pyeongtaek¡¯s Mogok-dong and Godeok-myeon. Besides housing, the ministry will build an international business center and administrative complex as well as international schools needed for the children of U.S. personnel.
The Ministry of Government Administration and Home Affairs on Dec. 5 unveiled a plan to invest W18 trillion (US$18 billion) in Pyeongtaek by 2020 to develop it into a regional hub on the back of the USFK relocation.
www.english.chosun.com
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