Gwangju Semiconductor Cluster Site Designated Land Transaction Permit Zone

The area surrounding Gwangju Military Airport, selected as the site for a major semiconductor cluster involving an 800 trillion won investment by Samsung Electronics and SK Hynix, has been designated a land transaction permit zone. The Ministry of Land, Infrastructure and Transport announced on July 9 that this designation, effective from July 14, aims to curb speculative real estate transactions during the project's development. The zone encompasses a vast area of 364.19 square kilometers, including parts of Gwangju city and the surrounding Naju, Jangseong, and Hwasun counties in South Jeolla Province. This measure, which requires local government approval for land sales above a certain size, is a standard procedure for large-scale development projects. The government plans to closely monitor the designated area for any suspicious transactions or speculative activities. Similar designations have been implemented for other significant national projects, such as the Yongin semiconductor industrial complex and the Seoul Yongsan International Business District. The land transaction permit zone will remain in effect until July 13, 2028.