● Gwangju Metropolitan City will establish business agreement within 60 days…aiming to complete the construction during the second half of next year
● 'Seojin Construction' Selected as Priority Negotiation Company for Eodeungsan Tourist Complex, Gwangju Metropolitan City
● Gwangju Metropolitan City announced on the 23rd that Seojin Construction, which participated solely in the third public participation of private investment, was rated as a qualified business in the result of reviewing the business plan.
● As Seojin Construction is decided to be the priority negotiation company, the company will establish business agreement with Gwangju Metropolitan City Corporation, the developer of the project, based on the contents of the business plan within 60 days(September 23).
● After then, Special Purpose Company will be established within 3 months, and the construction will begin during the second half of next year after brief research on reviewing the feasibility of the business plan.
● The business plan presented by Seojin Construction contains a five star hotel with 160 rooms, outdoor event square(Festa Square), 314 living type accommodation facilities, gallery park, street mall and sports theme park on 417,000㎡ land with 481.6 billion won of total expenses.