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Ulsan KTX Station Area Complex Breaks Ground as 'New On City' Takes Shape as Western Growth Hub
AI 3-line summary
- Ulsan Metropolitan City held a groundbreaking ceremony on December 3 for the Ulsan KTX Station Area Complex Specialized District, 'New On City,' in Sinhwa-ri, Samnam-eup, Ulju-gun.
- On a 1.53 million square meter site, with a project cost of about 1,060.3 billion won, 8,400 households of housing and industrial zones are to be built by 2029.
- Companies will begin moving in from 2027, and Ulsan City said it will offer incentives including tax reductions and special permission to establish a foreign school.
Summary written by AI from the original article · 88 languages
Read the full article (machine translation) → Original article (Korean): 울산 KTX역세권 복합특화단지 기공… 서부권 신성장 거점 ‘뉴온시티’ 본격화
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