KAMCO Begins Development of Songpa ICT Security Cluster with 550 Billion KRW Project Budget

The Only ICT Security Cluster in Korea
Securing a Hub for Innovative Growth Including 4th Industrial Revolution Promotion and Job Creation

[Asia Economy Reporter Park Sun-mi] KAMCO (Korea Asset Management Corporation) announced on the 7th that it will officially commence the development project following the final approval and announcement of the designation of the first-phase district unit planning zone and district unit plan for the Songpa ICT Security Cluster development project.

The Songpa ICT Security Cluster development project is a unique ICT security cluster and startup support facility in Korea, with a total project cost of approximately 550 billion KRW, where the Central Radio Management Office and public institutions related to the information industry will be located. This project is divided into the first phase, an extension project of the Central Radio Management Office with a budget of about 36.6 billion KRW from the National Property Management Fund, and the second phase, a new construction development project of the ICT complex business district with KAMCO’s own funds of 511.2 billion KRW, targeting completion in 2028.

Following the final approval announcement by the Seoul Metropolitan Government, KAMCO will proceed with the first-phase extension project of the Central Radio Management Office, expanding the outdated office building, which has been in use for 45 years, into a state-of-the-art ICT security building with a total floor area of 14,211㎡, 6 floors above ground and 3 basement levels. In addition, special facilities such as the Radio Integrated Control Center for maintaining domestic and international radio usage order and the Radio Playground supporting the growth of radio-utilizing device industries will be established. KAMCO plans to accelerate the development project by proceeding with design competitions, contractor selection, and construction commencement.

KAMCO President Moon Sung-yoo said, “We have taken the first step in project promotion through close collaboration with the Ministry of Science and ICT and others,” and added, “Based on our public development experience and expertise, KAMCO will develop the Songpa ICT Security Cluster into an innovation growth hub for fostering the 4th industrial revolution and creating jobs.”

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