Selected as Kyobo Securities Consortium for Zone 6 in Godeok Biz Valley, Gangdong-gu

Contract for Paper Supply to be Signed in April... Gyeryong Construction Industry to Build Knowledge Industry Center with 4 Basement Floors, 20 Above Ground Floors, and Total Floor Area of 70,713㎡

[Asia Economy Reporter Park Jong-il] Gangdong-gu (Mayor Lee Jeong-hoon) is accelerating the creation of the ‘Godeok Biz Valley’ to lead the leap to a vibrant economic hub in the eastern Seoul area.

Godeok Biz Valley is being developed on a 234,523㎡ site in the area of 345 Godeok-dong. It is planned to house large corporations and promising small and medium enterprises, public offices such as Gangdong Tax Office and Korea Forest Service, large-scale complex shopping malls, and commercial facilities.

On the 8th, Gangdong-gu announced the final selection of candidates for the 6th land supply recommendation for self-sufficient facility sites within Godeok Biz Valley.

This land supply recommendation announcement targeted one plot (10,195㎡ / recommended site for knowledge industry center) in the 6th self-sufficient zone among the six self-sufficient land zones within Godeok Biz Valley. The recruitment lasted 90 days amid strong interest from various companies, and the submission of business plans closed on the 11th of last month.

An evaluation committee composed of external experts held first and second rounds of assessments, thoroughly evaluating the applicant companies’ status, financial capability, and business plans. As a result, the Kyobo Securities consortium was finally selected as the recommended candidate.

The selected company will be recommended to Seoul Housing and Communities Corporation and is expected to sign the land supply contract within this month.

Considering the characteristics of the knowledge industry center development project, the Kyobo Securities consortium, consisting of Kyobo Securities, Gyeryong Construction Industry, and a developer, plans to have Gyeryong Construction Industry in charge of completion. The knowledge industry center will be built with four underground floors, 20 above-ground floors, and a total floor area of 70,713㎡.

This will be the only knowledge industry center within Godeok Biz Valley and is expected to contribute to the development of the regional economic base by attracting excellent companies such as SMEs and venture companies based on advanced industries, establishing a startup platform, and promoting coexistence with the local community.

Lee Jeong-hoon, Mayor of Gangdong-gu, said, “Currently, Gangdong-gu is transforming from a residential-centered city to an economically independent city and a central city in the eastern metropolitan area,” adding, “We will make every effort to ensure that the symbolic project of Godeok Biz Valley, which elevates the value of Gangdong-gu to the next level, proceeds without any setbacks.”

The 6th land supply recommended candidates selected this time can be checked on the Gangdong-gu website (Information by Field → Housing, Urban, Construction → Business Complex Development → Notices). For inquiries related to land supply, contact the Investment Attraction Division of Gangdong-gu Office at ☎3425-6493.

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