This plan aims to seek ways of regeneration in active utilization of local assets’ potentials such as historic and cultural resources and human resources as well as natural landscape resources of Samnye-eup, which was prosperous as the largest station town during the Joseon dynasty period and as an agricultural center around Mangyeong plain during and after the Japanese colonial era. The plan consists of the theoretical investigation, analysis of current conditions, basic concept, and business plan in the order. As for the theoretical investigation, domestic researches on the use of local assets in the context of urban regeneration and existing plans for regeneration projects were examined to come up with ways of utilizing local assets for the Samnye-eup regeneration plan. In the analysis of current conditions, specific information on Samnye-eup was collected to verify the need for the general regeneration project that embodies original projects for local asset utilization in each district. As for the basic conception, this regeneration plan envisions the reutilization of three types of storage facilities, utilizing closed grain warehouses scattered about in that region. The focus of filling ‘Farming Storages’ is to strengthen the residents’ capability through creative education customized for each generation and class based on the characteristics of the education city and in association with the local university. Second, filling of ‘Sensible Storages’ has the objective of filling the largest posthouse town in Honam region, the historic place of food plundering during the Japanese colonial era, with sophisticated cultural arts. Third, filling of ‘Food Storages’ is to establish a cooperative economic community in harmony with the local food, natural landscape, and cultural environments to overcome the general agricultural decline. The business plan includes collecting opinions from and discussing with local residents and related divisions in addition to expert forums. The filling of three types of storages are classified to the physical regeneration project, social regeneration project, and economic regeneration project, each of which forms a cycle in mutual complementation. In addition, this plan seeks synergy effects by complementing existing projects conducted by the central division and Wanju-gun.