SAEMANGEUM DEVELOPMENT CORP.

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Saemangeum Waterfront City Takes Its First Step Toward Successful Sales!

Saemangeum Waterfront City Takes Its First Step Toward Successful Sales!□ The first step toward the successful sales of Saemangeum Waterfront City has begun. Saemangeum Development Corporation held a land sale strategy advisory meeting on the 12th of this month, inviting real estate academics and industry experts. During the meeting, various strategies for the successful land sales of Saemangeum Waterfront City were discussed.□ The advisory meeting was organized with the goal of promoting a stable sales flow ahead of the 2025 launch of the ‘first city’ in Saemangeum. It also aimed to provide business presentations and consult on the sales strategy for the ‘first sale’ properties and Section 1 land sales strategy.ㅇ The real estate experts in attendance provided a variety of insights for the successful land sales of Saemangeum Waterfront City, drawing on their expertise in areas such as Saemangeum-specific land supply methods, real estate market trends, and investment sentiment. □ Saemangeum Waterfront City is a large-scale urban development project, planned to accommodate a population of approximately 40,000 within the Complex Development Zone in Area 2. The city is set to evolve into a future-oriented urban community that will grow alongside both residential communities and businesses.ㅇ Saemangeum Waterfront City plans to create a business-friendly environment by hosting foreign educational institutions and implementing a special housing supply system for tenant businesses in

2025-03-21

News

Saemangeum Waterfront City Kick-starts Its Transformation into a Global City

Saemangeum Waterfront City Kick-starts Its Transformation into a Global CitySaemangeum Development Corporation and Jeonbuk Autonomous Province Sign MOU to Host Foreign Educational Institutions□ Saemangeum Development Corporation (President Na Kyung-Gyun, hereinafter "SDCO") and Jeonbuk Autonomous Province (Governor Kim Kwan-young) signed a Memorandum of Understanding (MOU) on March 6 at the Jeonbuk Provincial Office to promote the establishment of foreign educational institutions in Saemangeum Smart Waterfront City.□ SDC and Jeonbuk Autonomous Province have been jointly discussing strategies for attracting foreign educational institutions to expand educational choices for Jeonbuk residents and establish a high-quality education infrastructure in the Jeonbuk and Saemangeum regions. This close collaboration has now borne fruit after nearly two years of dedicated efforts.□ Building on this agreement, the two organizations will actively pursue initiatives such as: establishing a working group to identify business models and select a foreign school corporation and developing financial strategies to secure funding for the school's establishment. □ President Na Kyung-Gyun stated, “With last year’s amendment to the Special Act on the Promotion and Support of the Saemangeum Project, we have established the legal basis for land leasing and the construction of publicly supported buildings.” He added, “Based on this foundation, we will work seamlessly with Jeonbuk Autonomous Province to

2025-03-21

News

Saemangeum Development Corporation Achieves 5th Consecutive Certification for Human Rights Managemen

 Saemangeum Development Corporation Achieves 5th Consecutive Certification for Human Rights Management System - First public agency under the Ministry of Land, Infrastructure, and Transport to receive the certification - □ Saemangeum Development Corporation (President Na Kyung-Gyun, hereinafter "SDCO") announced on the 24th that it has received the Human Rights Management System certification for the fifth consecutive year, becoming the first public institution under the Ministry of Land, Infrastructure, and Transport to achieve this recognition. □ The Human Rights Management System certification is a program run by the Korea Management Registrar (KMR), where an organization sets policies and goals to systematically manage human rights management and meets the required implementation criteria. The system is certified through an assessment conducted by a third party. ㅇ Since introducing human rights management in 2020, SDCO has established a management system to prevent human rights violations for both internal and external stakeholders. This includes the Human Rights Management Declaration, the operation of the Human Rights Management Committee, and the formulation and revision of the "Human Rights Management Regulations." ㅇ In particular, the assessment highly recognized the continuous implementation of human rights impact assessments to proactively prevent potential human rights violations, as well as the effective operation of a reporting center and the con

2025-03-21

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Saemangeum Development Corporation Expands Business Scope with New Registration for Electric Power B

 Saemangeum Development Corporation Expands Business Scope with New Registration for Electric Power Business- Launching a project to supply renewable energy directly to the Saemangeum Smart Green Industrial Complex -□ Saemangeum Development Corporation (President Na Kyung-Gyun, hereinafter "SDCO") received final approval from the Ministry of Trade, Industry and Energy on January 17 for the registration of its electric power business (renewable energy electricity supply). With this approval, SDCO has secured the qualification to operate as a renewable energy electricity supplier, thereby expanding its business scope.□ With its newly acquired status as a renewable energy electricity supplier, SDCO is now able to run a direct PPA business, one of the RE100 implementation methods*. This development is expected to enhance SDCO’s role and influence in the Saemangeum RE100 initiative.ㅇ A direct Power Purchase Agreement (PPA) is a system in which electricity consumers requiring renewable energy enter into direct purchase contracts with electricity suppliers. It is a useful tool for companies seeking to fulfill their RE100 commitments by purchasing renewable energy.ㅇ SDCO is preparing to supply renewable energy through a direct PPA to tenant companies in the Saemangeum Smart Green Industrial Complex (Sections 5 and 6 of the Saemangeum Industrial Complex). Starting with a 30MW pilot project this year, SDCO plans to develop solar power generation and electricity supply projects rated

2025-03-21

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Saemangeum Development Corporation Recognized as a Community Contribution Institution for Two Conse

Saemangeum Development Corporation Recognized as a Community Contribution Institution for Two Consecutive Years- Recognized for consistent community service, including support for vulnerable groups and volunteer activities -□ The Saemangeum Development Corporation (SDCO, CEO Na Kyung-gyun) has been selected as a recognized institution under the “2024 Corporate Social Responsibility (CSR) in the Community,” jointly organized by the Ministry of Health and Welfare and the Social Service Network (SSN). The SDCO received a recognition plaque on the “CSR in the Community Day.”ㅇ The “Corporate Social Responsibility in the Community” program identifies institutions that haveformed partnerships with non-profit organizations and consistently engaged in community contribution activities. The system acknowledges the efforts of these institutions in enhancing community welfare, with recognition from both the government and the local community.□ The SDCO has been recognized as a community contribution institution for two consecutive years. It has consistently engaged in social contribution activities for the local community, including environmental cleanup efforts, support for vulnerable groups such as children and the elderly living alone, and joint volunteer activities with marine-related organizations.ㅇ In particular, as part of its social contribution activities aimed at growing together with the local community, the SDCO has been carrying out support programs for youth in transitio

2024-12-10

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Regulatory Reforms to Support Private Investment in Saemangeum Public Waters

Regulatory Reforms to Support Private Investmentin Saemangeum Public Waters- Expansion of fee reduction eligibility for reclamation license and realistic adjustments to calculation methods- New investments expected in public waters-linked technology demonstration and cultural and artistic projects□ Businesses utilizing public waters in Saemangeum will see a significant reduction in investment costs.□ The Saemangeum Development and Investment Agency (SDIA, Administrator Kim Kyung-ahn) and Saemangeum Development Corporation (SDCO, CEO Na Kyung-gyun) announced on December 3rd that they have revised the Reclamation License Management Regulation (corporate bylaw). The revision includes the expansion of eligibility for *fee reductions and improvements to the calculation methods for reclamation license fees.* The reclamation license fee refers to charges imposed by the SDCO, the holder of reclamation licenses, as compensation for consent to use public waters.ㅇ This revision is a prime example of on-site regulatory improvement, actively reflecting the voices of companies interested in investing in Saemangeum. It aims to promote the activation of projects linked to public waters.□ The main amendments to the Reclamation License Management Regulation are as follows.ㅇ Reclamation license fees will be fully waived for projects such as technology demonstration (e.g., urban air mobility; UAM), film and video production, and cultural or artistic initiatives utilizing public waters in Saem

2024-12-03

News

SDCO Donates KRW 360 million to Jeollabuk-do Community Chest of Korea as a Shareholder

SDCO Donates KRW 360 million to Jeollabuk-do Community Chest of Korea as a Shareholder Representative of Saemangeum Hope Solar Energy Co., Ltd.□ The Saemangeum Development Corporation (SDCO, CEO Na Kyung-gyun) attended the launch ceremony of the “Hope 2025 Sharing Campaign” on the 2nd as the first donor, representing the shareholders of Saemangeum Hope Sunlight Power Co., Ltd., and donated KRW 360 million.□ The Hope 2025 Sharing Campaign is a year-end and New Year fundraising campaign organized by the Community Chest of Korea. Under the slogan “Value Yourself Through Giving, Value the World Through Giving,” the campaign aims to raise KRW 11.61 billion over a 62-day period. □ Saemangeum Hope Solar Co., Ltd., the developer of the first section of the Saemangeum Terrestrial Solar Power Generation project, along with its shareholders, including the SDCO, decided to contribute part of their profits to give back to the local community. This decision reflects their commitment to fostering a culture of sharing and promoting eco-friendly energy.□ This donation marks the largest starting donation to the Jeollabuk-do Community Chest of Korea in its history. Of this, KRW 300 million will be allocated to support childbirth and childcare for underprivileged neighbors, while KRW 60 million will be used to provide vehicles for individuals with disabilities and transportation challenges.□ In addition to this donation, the first section of the Saemangeum Terrestrial Solar Power Generation pr

2024-12-02

News

Saemangeum Development Corporation Implements “Dream.IT.Together Project” Mentoring Program

Saemangeum Development Corporation Implements “Dream.IT.Together Project”Mentoring Program- The Second Phase of “Together Fill-up” Mentoring Program for Youth Preparing for Self-Reliance -□ Saemangeum Development Corporation (hereinafter “SDCO,” CEO Na Kyung-gyun), together with the Self-Reliance Support Agency in Jeollabuk-do Province, conducted the “Together Fill-up” mentoring program on Monday, September 30, and Wednesday, November 20, as part of the “Dream.IT.Together Project.” The “Together Fill-up” program is a mentoring initiative designed to establish emotional support systems for young adults preparing for self-reliance in the Saemangeum region. ※ The “Dream.IT.Together Project” is SDCO’s social value initiative that supports the dreams of protected children and young adults preparing for self-reliance, accompanying them on their journey to independence.□ The first mentoring program on September 30 began at SDCO headquarters, where participants received a comprehensive company tour. SDCO employees were paired with youth as mentors to share knowledge and exchange experiences. The day continued with team-building activities, exploring Gogunsangundo Islands, and a zip line experience at Seonyudo Park, strengthening the newly formed mentor-mentee relationships. □ The second mentoring program on November 20 featured a talk concert with Mentor Park Gang-bin*, who appeared on the entertainment program “You Quiz on the Block” to share his success story of achieving indepe

2024-11-21