SH Corporation's 'Gangdong Digital Engineering Industrial Complex' Gains Momentum..."Approved by Gangdong District Office"

Second Industrial Complex Development Project by SH Corporation Following Magok R&D Industrial Complex
Construction to Start by End of 2021, Land Supply Targeted in 2022

[Asia Economy Reporter Onyu Lim] The Seoul Housing and Communities Corporation (SH Corporation) has received approval for its plan to develop the Gangdong Industrial Complex, following the Magok R&D Industrial Complex.

SH Corporation announced on the 12th that the industrial complex plan for the "Gangdong General Industrial Complex Development Project," which involves creating an industrial complex of approximately 78,000㎡ in the Sangil-dong 404 area of Gangdong-gu, Seoul, has been approved by the Gangdong District Office and officially notified.

This project began in 2011 with a preliminary designation as an engineering industry promotion facility and went through five reviews by the Central Urban Planning Committee to lift the development restriction zone, ultimately receiving final approval for the industrial complex plan this time.

This is the second industrial complex development project by SH Corporation, following the Magok R&D Industrial Complex. With the approval of this industrial complex plan as a milestone, SH Corporation plans to actively start compensation and complex design, aiming to begin construction by the end of 2021 and supply land in 2022.

The Gangdong General Industrial Complex will be developed as a digital engineering complex integrating 3D design, PM management, and O&M, based on the engineering industry capable of creating high value-added jobs.

SH Corporation plans to actively build infrastructure to revitalize the industrial complex, including fostering digital engineering professionals and attracting public facilities supporting startups within the complex, in cooperation with the Ministry of Trade, Industry and Energy, Seoul City, and Gangdong-gu.

Kim Seyong, President of SH Corporation, said, "Starting with the approval of this industrial complex plan, we will actively work on building infrastructure to revitalize the industrial complex," adding, "We also plan to further strengthen SH Corporation's role as a public developer."

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