Mapo-gu Design and Publishing 'Public Rental Space' Tenant Recruitment

Mapo-gu's Strategy to Develop Hapjeong Station-Sangsu Station Area as a Hub for Design and Publishing... Public Rental Office of 52㎡ for Design and Publishing Businesses... Affordable Rent Compared to Market Price... 2-Year Contract, Up to 5 Years Use

[Asia Economy Reporter Jongil Park] Mapo-gu (Mayor Yudonggyun) is reopening recruitment for tenant companies in public rental spaces located within the Design and Publishing Specific Development Promotion District, following the initial recruitment in March.

The district office added that the re-recruitment is due to applicants failing to meet the qualification criteria during last month's recruitment.

The Mapo Design and Publishing Specific Development Promotion District is an area near Hapjeong Station to Sangsu Station, home to about 200 design and publishing companies, which Mapo-gu is fostering to develop into a hub for related industries.

The core of this initiative is to provide incentives in areas such as new construction and expansion of related facilities and parking lot installation standards to promote the development of design and publishing industries.

According to the 2018 announcement of the "Mapo Design and Publishing Specific Development Promotion District Recommended Business (Planned) Facilities Designation Standards and Procedures," ▲when constructing or expanding recommended business facilities in the Hapjeong-dong area, which is the first phase of the district unit planning zone, floor area ratio can be relaxed up to 120% depending on the ratio of related industry attraction, or ▲in designated parking lot installation relaxation zones such as the ‘Selective Vehicle Entry Prohibition Section,’ if the mandatory parking area (minimum 50㎡) is provided to the district office as a public rental space for 5 years (free of charge), the obligation to install an attached parking lot can be exempted.

The district office is promoting a project to offer these secured public rental spaces at affordable rates to companies in related industries.

The public rental space currently open for tenant recruitment is a 52㎡ office located on Eoulmadang-ro 5-gil (Seogyo-dong). The district office plans to lease this space to companies in the design and publishing recommended industries.

Eligibility for application includes companies designated as recommended businesses in the Design and Publishing Specific Development Promotion District, covering six design-related industries: ▲Interior Design ▲Product Design ▲Visual Design ▲Other Specialized Design ▲Commercial Photography ▲Advertising Production, and six publishing-related industries: ▲Textbook and Educational Book Publishing ▲Comic Publishing ▲Other Book Publishing ▲Magazine and Periodical Publishing ▲Regular Advertising Publication ▲Other Printed Material Publishing. Applicants must have operated their business for at least one year.

Interested companies can download the application form and business plan from the Mapo-gu website’s public announcement section, complete them, and submit in person to the Mapo-gu Regional Economy Division.

The recruitment announcement and application period run until the 17th of this month, with the district office planning to select tenant companies after a final review in April.

Selected companies will be able to use the space at a rental cost lower than market rates during a contract period of two years (up to five years maximum).

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