Designation of the Underdeveloped Naebang Station Area as a Special Planning Zone... Development into a Multifunctional Hub

[Asia Economy Reporter Onyu Lim] The area around Naebang Station in Bangbae-dong, Seocho-gu, Seoul, which was previously underdeveloped, will be developed into a neighborhood, commercial, and cultural complex hub in response to changes in urban conditions following the opening of the Seoripul Tunnel.

Seoul City announced on the 14th that at the Urban and Architectural Joint Committee held on the 13th, the designation of the district unit planning zone and the plan for the area around Naebang Station in Bangbae-dong 875-5 were amended and approved.

A Seoul city official explained, "With the opening of the Seoripul Tunnel in April 2019, accessibility to Gangnam's downtown improved and preparations were made for the expansion of business functions. To accommodate these changes in urban conditions and ensure planned and systematic management, the area was newly designated as a district unit planning zone."

Seoul City designated one special planning zone and six special planning possible zones to promote the development of neighborhood, commercial, and cultural complex functions in this area. In the case of the special planning zone, if it is upgraded to a quasi-residential area, the floor area ratio restrictions can be lowered. The special planning possible zones may be designated as special planning zones in the future depending on specific project plans and implementation schedules. Detailed development plans for this area will be decided later based on proposals from residents.

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