Jeollabuk-do Extends Land Transaction Permits for Ikson Food Cluster & Wanju Hydrogen Park

March 21, 2026 Priya Shah – Business Editor Business

The Jeollabuk-do Provincial Government announced on Thursday the extension of land transaction permit zones in Iksan and Wanju for an additional two years, effective March 26th, 2026, and lasting until March 25th, 2028. The decision, finalized through a city planning committee review last month, aims to prevent speculative real estate activity and ensure the stability of ongoing industrial development projects.

The zones encompass the Iksan National Food Cluster Phase 2 candidate site and the Wanju Hydrogen Special National Industrial Complex candidate site. The extension was formally communicated to the Ministry of Land, Infrastructure and Transport and the Iksan city government earlier this month, and officially publicized through the official gazette and public notices on March 20th.

The Iksan National Food Cluster Phase 2 candidate site, located in Wanggung-myeon, Balsan-ri, Pyeongjang-ri, and Heungam-ri, will see a reduction in area from approximately 2,066,000 square meters to 1,732,000 square meters. According to provincial officials, the 334,000 square meter reduction followed a feasibility study and consultations with relevant agencies, assessing the business viability and potential for implementation. The Jeollabuk-do government cited delays in the Iksan project schedule due to the simultaneous promotion of 14 new industrial complexes by the national government, as well as the need to protect property rights for residents of Opo and Geunnam villages, as key factors in the area adjustment.

The Wanju Hydrogen Special National Industrial Complex candidate site, situated in Bongdong-eup, Guam-ri, Dunsan-ri, and Janggu-ri, will maintain its original size of 1,650,000 square meters. The decision to maintain the original area reflects consideration for subsequent procedures following the complex’s preliminary feasibility study approval.

The land transaction permit zones were initially established on March 26th, 2023, for a three-year period. The extension ensures continuity of regulations and avoids a regulatory gap, according to a statement released by the Jeollabuk-do government. The provincial government has not yet commented on potential future adjustments to the zones beyond the current extension period.