Pohang has formally launched a redevelopment project in the Daejam-dong area of North Gyeongsang Province.
The city published the official designation notice Wednesday for the "Daejam Zone 1 Redevelopment Project Improvement Plan and Zone Designation and Topographic Map," covering a site in Nam-gu's Daejam-dong, beginning the urban renewal process.
The project site spans 32,849.9 square meters and will be developed as a residential complex, with a land-use plan drawn up under the existing Class 2 general residential zone designation.
The development will provide 556 units across eight apartment buildings, each rising 29 above-ground floors with four below-ground levels.
A small park and an underground parking lot will also be built on the southern end of the site.
The full designation notice is available on the Pohang city government's official website.
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