15 Regions in South Korea Lift Greenbelt Restrictions for Economic Growth

South Korea’s Ministry of Land, Infrastructure and Transport announced the removal of greenbelt restrictions in 15 areas, including Busan, Daejeon, Daegu, Gwangju, and Ulsan, as part of its initiative to foster regional economy and specialized industries. The government aims to promote balanced regional development by lifting restrictions on greenbelt areas designated for national and regional strategic projects. A total investment of approximately 27.8 trillion KRW is expected, along with an induced economic impact amounting to about 124.5 trillion KRW and the creation of around 380,000 jobs.