Seongbuk-gu Anam-dong Selected for Urban Regeneration New Deal Project and Central Commercial Area Development

486 Billion Invested Over 4 Years, Revitalizing the Region Through Startup Promotion and Residential Environment Improvement

[Asia Economy Reporter Jongil Park] Seongbuk-gu (Mayor Lee Seung-ro) announced on the 16th that the ‘G-local University Town-type Anam Startup Valley (hereinafter Anam-dong New Deal Project)’ has been finally selected for the ‘2020 Urban Regeneration New Deal’ project.

The ‘Urban Regeneration New Deal Project’ is one of the government’s core national tasks, aimed at revitalizing declining old downtown areas by renovating transit-oriented districts and public offices into complex hub facilities, and promoting distinctive regeneration by improving residential areas and utilizing local assets in connection with these facilities.

The selected ‘Anam-dong New Deal Project’ plans to invest a budget of 48.6 billion KRW over four years (2021?2024) in the target area of 104-338, Anam-dong 5-ga, Seongbuk-gu (171,000㎡), and will also utilize resources from Korea University located in the project area.

The main contents of the project are as follows:

◆ Startup Activation

Creation of startup spaces to support the step-by-step growth of youth startups (Startup Studio, Level-up Studio, Startup Station), provision of human (technology holding company, startup support group) and physical (X-garage, π-ville) support utilizing Korea University’s resources, and fostering excellent entrepreneurs through startup program operations.

◆ Residential Stabilization

Improvement of pedestrian environments in alleys for safe streets, installation of intelligent CCTV in crime-vulnerable areas, creation of safe return paths (installation of LED streetlights and emergency bells), and operation of startup housing.

◆ Regional Revitalization

Establishment of a communication and exchange space ‘Eoullim Center’ (approximately 854㎡) for local residents, merchants, and youth; hosting of the festival ‘Kkeureo Anam’ and other events for regional revitalization; opening of liberal arts lectures utilizing university resources; formation of a community regeneration company (CRC) to ensure sustainability; and furthermore, fostering the ‘Anam-dong New Deal Project’ as an advanced base for university startups through linkage with nearby urban regeneration projects (Hongneung Bio Cluster, Kyung Hee University Campus Town, etc.).

Mayor Lee Seung-ro stated, “During the Campus Town project over the past four years (2017?2020), although startup teams grew into excellent companies, they had no place to stay and had to leave the area, which was regrettable. I am pleased that with the selection of the ‘Anam-dong New Deal Project,’ we can continuously settle excellent companies in Anam-dong and create spaces that can coexist with the community.”

He added, “Through this project, I hope to breathe new vitality into Anam-dong and for Anam-dong to grow as a new startup hub in the northeastern region.”

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