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Old Downtown New Home Redevelopment Project Launched in Ulsan
AI 3-line summary
- Ulsan has officially launched the publicly led Old Downtown New Home Redevelopment Project in Jungri Village, Yeompo-dong, Buk-gu.
- Jungri Village was formed as a clustered settlement in the 1970s, with 84% of its buildings over 20 years old, and it will receive up to 15 billion won in national funding.
- Ulsan plans to complete detailed design by 2026 and begin construction in 2027, while continuing administrative support for residents to form a cooperative.
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Read the full article (machine translation) → Original article (Korean): 구도심 새 집 갖기 재개발 사업, 울산 중리마을 본격 추진
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