Seoul Changdong Vehicle Depot Transforms into Medical Cluster Caring for 4.8 Million

[Asia Economy Reporter Onyu Lim] The area around Changdong Vehicle Depot in Seoul is transforming into a biomedical cluster.

Seoul City announced on the 5th that it will invest 1 billion KRW to carry out the "Seoul Biomedical Cluster Development and Attraction Strategy Plan Project." The target site is 246,998㎡ (approximately 75,000 pyeong) within the Changdong-Sanggye urban regeneration activation area, which has been developed as a new economic center since 2017. The existing Changdong Vehicle Depot will be relocated by 2025.

Through this project, Seoul City plans to analyze the current status of the domestic and international bioindustry and establish a plan to form a biomedical industry axis linked with the Hongneung Biomedical R&D Cluster. Additionally, it will develop strategies to attract domestic and international biomedical-related companies and research institutes, aiming to establish a global biomedical cluster development strategy as a core future growth engine.

A Seoul City official explained, "The Hongneung area will serve as a hub for bio and medical R&D and early-stage bio startups, while the Sanggye area will be developed as a next-generation bioindustry platform, with strategies to foster and attract businesses that enable mutual linkage."

Furthermore, from the basic planning stage, a task force (TF) team composed of experts from hospitals, associations, companies, and related organizations with rich knowledge and experience in relevant fields will be operated to conduct in-depth reviews and public discussions simultaneously.

Companies wishing to participate in the project can submit proposals and required documents to the Northeast District Project Division of Seoul City from the 11th to the 13th. Selection will be made through deliberation by an evaluation committee composed of experts.

Kim Seonsun, Director of the Regional Development Headquarters of Seoul City, stated, "As we are now in an aging society, interest is shifting from 'living long' to 'living healthily long,' making new industries like biomedical important. We will create a cluster in the Changdong Vehicle Depot area, which is practically the last large-scale available site in Seoul, to care for 4.8 million people in the northeastern metropolitan area."

This content was produced with the assistance of AI translation services.