Redevelopment Around Geumnam Market... "Strengthening Living Services in Oksu and Geumho-dong"

[Asia Economy Reporter Onyu Lim] The area around Geumnam Market in Seongdong-gu, Seoul, is being reorganized to strengthen living services for the residential areas in the back such as Geumho and Oksu-dong.

On the 9th, Seoul City held the Urban Architecture Joint Committee and announced on the 10th that it had amended and approved the district unit plan area and plan decision for the Geumho District Center.

The area serves as the district center covering the western part of Seongdong-gu and includes Geumnam Market. Numerous apartment complexes are distributed nearby in areas such as Geumho and Oksu-dong, making it a region where strengthening living service functions to support the residential areas in the back is necessary.

This district unit plan reorganization was promoted to provide guidelines for the maintenance of Geumnam Market, revitalize the area considering the characteristics of each block within the district, and improve unnecessary regulations to create conditions for voluntary maintenance.

The plan includes abolishing one long-term unexecuted facility road scheduled to expire next year, changing the joint development plan, establishing a new zone with relaxed standards for limited parking lot installation, and adjusting building setback lines to improve the traffic system in the back streets.

A Seoul city official said, “Through this reorganization of the Geumho District Center district unit plan area, we expect to create a more vibrant neighborhood commercial center and have a ripple effect on surrounding areas as a catalyst within the living zone.”

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