The First Industrial Complex in the Southeast Region to Be Established in Sangil-dong, Gangdong-gu, Seoul

Conditional Approval of Gangdong General Industrial Complex Plan
78,000㎡ Scale, Total Project Cost 194.5 Billion KRW

[Asia Economy Reporter Onyu Lim] A 78,000㎡ scale Gangdong General Industrial Complex will be established near Sangil IC in Gangdong-gu, Seoul. It is planned to be the first industrial complex in the southeastern region of Seoul and will be developed as an engineering complex.

Seoul City announced on the 3rd that the Gangdong General Industrial Complex plan was conditionally approved at the Industrial Complex Planning Review Committee held on the 2nd. The site is located at 404 Sangil-dong, Gangdong-gu, southwest of Sangil IC, where the Seoul Outer Ring Road and Cheonho-daero intersect. The industrial complex area is approximately 78,000㎡, with a total project cost of 194.5 billion KRW. It is the fourth industrial complex within Seoul, following Seoul Digital National Industrial Complex (G-Valley), Seoul Onsu General Industrial Complex, and Magok General Industrial Complex.

Since establishing the development plan in 2014, Seoul City has gone through five reviews by the Central Urban Planning Committee and lifted the development restriction on the area. The project will be implemented by Seoul Housing and Communities Corporation (SH Corporation) through a public development (full acquisition) method.

The Gangdong General Industrial Complex aims to be an engineering complex. It will transform from a construction and plant-centered engineering industry to a high value-added engineering industrial complex incorporating big data and artificial intelligence technologies. A Seoul City official explained, "The plan is to enhance the agglomeration effect of the engineering industry by linking with the Gangil Advanced Business Complex, which has a concentration of engineering industries across the street, and to grow it as a hub for future engineering industries."

Since the area is being developed by lifting the development restriction, public interest will also be strengthened. At least 15% of the industrial facility land will be secured for small enterprises, and some zones will be developed as exclusive complexes for small and medium-sized enterprises to strengthen collaboration among SMEs and maximize synergy through agglomeration effects.

In the mixed-use facility land, public support facilities such as the Engineering Association Overseas Expansion Support Center, Engineering Mutual Aid Association Exchange Finance Support, Startup Incubation Center, and Public Knowledge Industry Center will be attracted and developed through cooperation among the government, local governments, and SH Corporation to revitalize the industrial complex.

Additionally, considering the surrounding natural green areas, the floor area ratio will be reduced from 400% to 330-350% to promote low-density development. The industrial complex will include 12,550㎡ of parks and green spaces, connected to Godeok Stream, to create rest areas for workers and residents.

Seoul City will begin land compensation procedures for the industrial complex development in the second half of this year. Completion is scheduled for the second half of 2023.

Kim Euisung, Director of Seoul City’s Economic Policy Office, said, “Since the development will enhance public interest, we expect balanced development of Seoul as well as revitalization of the local economy in Gangdong-gu, which is primarily residential.”

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