Robot and AI Research Facility to Be Established on Suseo Land Vacant for 25 Years
Seoul City Changes District Unit Plan from Social Welfare Facilities to Research Facilities
[Asia Economy Reporter Kim Hyemin] A robot and AI (artificial intelligence) research facility will be established on the site of 730 Suseo-dong, Gangnam-gu, Seoul, which has remained vacant for 25 years due to multiple changes in development plans.
On the 18th, Seoul City announced that it held the 2nd Urban Architecture Joint Committee the previous day and approved a revised district unit plan to change the 5,949㎡ site into a research facility.
The 730 Suseo-dong site is located near the southwest side of Suseo IC, where Yangjae-daero and Bamgogae-ro intersect. Since 1996, development plans have repeatedly failed, leaving the land vacant (a site without buildings). Even after its designation as a social welfare facility in December 2009, it remained abandoned for over 12 years.
Then, in June last year, it was selected as a target site for the Robot Plus Competitiveness Support Project, prompting the decision to change it to a research facility.
Hot Picks Today
"Buy on Black Monday"... Japan's Nomura Forecasts 590,000 for Samsung, 4 Million for SK hynix
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- "Not Everyone Can Afford This: Inside the World of the True Top 0.1% [Luxury World]"
- "We're Now Earning 10 Million Won a Month"... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- Experts Are Already Watching Closely..."Target Stock Price 970,000 Won" Now Only the Uptrend Remains [Weekend Money]
The site is planned to be developed as a testbed for robot and AI research with a total investment of 34.7 billion KRW, including national funds. Hong Seon-gi, Director of Seoul City's Urban Management Division, stated, "We hope this will serve as a foundation to strengthen competitiveness in the 4th industrial revolution, including the creation of a robot hub district."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.