The SAEMANGEUM Project is the largest ever reclamation project in Korea, creating a total of 40,900ha (409 ㎢) of a reclaimed area including 29,100ha of land and 11,800ha of freshwater, by building the world's longest seawall (33.9km) connecting Buan-gun and Gunsan-si. The newly created area is equivalent to two-thirds of Seoul and four times as big as Paris, or each Korean can be given an additional 9.9 ㎡of reclaimed land.
This is a national project with total investment of 22B USD, led by SAEMANGEUM Development and Investment Agency of the S. Korean government.
It divides into five sections and anticipates being a global hub of new industries for eco-friendly economic growth;
1) Smart green industrial complex and airport district
2) Green hydrogen cluster, Harbor area, and Smart waterfront city
3) Tourism and Leisure district
4) Part manufacturing, and
5) Mobility cluster
This is a great opportunity to build a presence in the growing region, with Corporate Tax Benefits, Deregulations, Site Support, Variety of Subsidies, etc.