How Long Until a New Office Building?... Gwangjin-gu to Construct New Office, Apartment Complexes, and Hotels

Groundbreaking Ceremony for KT Site Development Project on the 22nd, Scheduled for Completion in December 2024... Gwangjin-gu's Largest Complex Development Project to Become a New Concept Advanced Business Complex Harmonizing Public Office Space, Residential, Cultural, and Commercial Facilities

[Asia Economy Reporter Jongil Park] The groundbreaking ceremony for the advanced business complex development on the KT site around Guui Station, the most important core axis for the development of Gwangjin-gu (Mayor Kim Seon-gap), was held on November 22.

The ceremony proceeded in the order of ▲ project introduction and progress report ▲ congratulatory interview video with local residents ▲ tape cutting and commemorative groundbreaking.

The KT site development project is the largest-scale complex development project in Gwangjin-gu. Construction began in February this year, and the project is scheduled to be completed by December 2024.

On a total site area of 78,147㎡ (approximately 23,640 pyeong), large-scale complex facilities will be built, including the new Gwangjin-gu office building, 1,363 residential units, office buildings, accommodation facilities (hotel), retail and cultural assembly facilities.

The new Gwangjin-gu office building will be a complex building integrating the district office, district council, and health center, with 5 basement floors and 18 above-ground floors. Notably, a portion of the basement 2nd floor space (1,470㎡, approximately 445 pyeong), originally planned for KT retail facilities as part of the complex development, will be provided free of charge for 30 years as a space for residents through consultation with the project implementer.

Additionally, to revitalize the local economy and support local businesses frozen by COVID-19, the district signed a business agreement last October with NCP (a KT subsidiary), the project implementer.

Accordingly, no separate restaurant will be installed at the construction site, and surrounding restaurants will be used instead. Also, when purchasing construction consumables, priority contracts will be made with companies within Gwangjin-gu to jointly promote local economic revitalization.

Furthermore, when hiring personnel needed for retail facilities, hotels, cultural and assembly facilities, and construction sites, jobs will be provided to Gwangjin-gu residents, cooperating to contribute to local job creation.

Once the KT site development project around Guui Station is completed, it is expected to revitalize the commercial district around Guui Station, which has been depressed due to regional hollowing caused by the relocation of the Eastern District Court and Prosecutor's Office in 2017 and the prolonged COVID-19 pandemic, and develop into a key center in the northeastern area.

Kim Seon-gap, Mayor of Gwangjin-gu, said, “When the project is completed in 2024, the area around Guui Station will be developed into a new-concept advanced business complex where public office spaces coexist with residential, cultural, and commercial facilities, serving as a leading center for regional development. Additionally, the modernization project of Dongseoul Terminal will gain momentum, making the area from Gangbyeon Station to Guui Station and Konkuk University Station a key center in the northeastern axis connecting east and west, attracting the attention of Seoul citizens.”

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