Politics · South Korea · 16 hrs ago
Gimpo Seeks South Korea’s Peace Economic Zone Designation
Gimpo, a city in South Korea’s Gyeonggi Province, is seeking Peace Economic Zone status in the program’s second round.
The national program aims to support balanced development in border areas and build economic cooperation between North and South Korea.
Gimpo proposes linking the Daegot and Wolgot districts in one development plan.
It would develop Daegot for industries including future mobility parts, batteries, AI and robotics, while adding logistics and research functions to manufacturing in Wolgot.
The city says the zone could generate 2.45 trillion won in production and 11,301 jobs if it is selected.
Gimpo is competing for designation, but the outcome has not been announced.
Gimpo City said it will compete in South Korea’s second round of candidate selection for a Peace Economic Zone.
The city proposed a joint development plan linking the 1.36-million-square-metre Daegot district and the 800,000-square-metre Wolgot district.
Daegot would host manufacturing for future industries, while Wolgot would focus on manufacturing, smart logistics and research and development.
Gimpo estimates the zone could generate 2.4514 trillion won in production and 11,301 jobs.
- Who
- Gimpo City, in Gyeonggi Province, South Korea.
- What
- It will seek selection as a candidate for the country’s second-round Peace Economic Zone designation.
- When
- November 9, 2026.
- Where
- The proposed area links the Daegot and Wolgot districts in Gimpo.
- Why
- The national initiative aims to support balanced development in border regions and create an inter-Korean economic community.
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- Daegot district
- 1.36 million square metres
- Wolgot district
- 800,000 square metres
- Estimated production impact
- 2.4514 trillion won
- Estimated employment impact
- 11,301 jobs
- Proposed link
- National Route 48 and other roads
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What people are saying
We will do our utmost to make this a city that opens a path to the world, instead of one that looked beyond the barbed-wire fence.