Mirae Asset Global Investments Completes Complex Facilities at Pangyo Alphadom City 6-1 and 6-2

On the 25th, officials related to the completion, including Mirae Asset, gathered at the Atrium in Pangyo Alphadom City for a cutting ceremony. From the left: Choi Young-woo, Executive Director of Samsung C&T; Kim Yoo-jin, Vice Chairman of Kakao; Choi Chang-hoon, Vice Chairman of Mirae Asset Global Investments; Park Jun-ha, Chairman of the Korea Local Government Officials Mutual Aid Association; Choi Kyung-joo, Vice Chairman of Mirae Asset Global Investments; Choi Hyun-man, Senior Vice Chairman of Mirae Asset Securities; Kim Sang-gon, Chairman of the Korea Teachers' Credit Union; Park Sang-jin, Vice President of Naver; Park Eung-han, CEO of Alphadom PFV; Lee Mok-yoon, President of Heerim Architects & Planners; Kim Yong-sik, Vice President of Hyundai Engineering & Construction.

[Asia Economy Reporter Junho Hwang] Mirae Asset Global Investments held a completion ceremony on the 25th at the atrium inside the building of Pangyo Alphadom City Blocks 6-2 to commemorate the completion of the complex facilities in Blocks 6-1 and 6-2.

Pangyo Alphadom City is located in Baekhyeon-dong 530-541, Bundang-gu, Seongnam-si, Gyeonggi-do, covering a project area of 42,000 pyeong and a total floor area of 369,000 pyeong. It is a transportation hub located in front of Pangyo IC on the Gyeongbu Expressway, currently hosting offices, residential complexes, as well as hotels and department stores. The Korea Local Government Officials’ Mutual Aid Association invested the largest stake from the early formation of the PFV for the Alphadom City development project and has led the project until now, completing the Alphadom City project with this completion.

Mirae Asset Global Investments signed a land sale contract with Alphadom City Co., Ltd. in December 2017 for Alphadom Blocks 6-1 and 6-2. Alphadom Blocks 6-1 and 6-2 correspond to Baekhyeon-dong 532 and 534, respectively, directly connected to Pangyo Station on the Shinbundang Line and Gyeonggang Line, with excellent accessibility due to proximity to Daewangpangyo-ro, Seohyeon-ro, and Pangyo IC. It also benefits from adjacency to Hwarang Park, Pangyo Technopark Park, and Butdeul Park.

In May 2018, Mirae Asset Global Investments selected the U.S. firm NBBJ and Korea’s Heerim Architects & Planners as designers, and in November of the same year, Samsung C&T and Hyundai Engineering & Construction were chosen as contractors. Construction began in February 2019 and building completion approval was finalized on October 27 of this year. The total project cost amounted to 1.64 trillion KRW.

The complex facilities completed by Mirae Asset Global Investments in Blocks 6-1 and 6-2 are seven stories underground and 15 stories above ground. The Block 6-1 complex has a total floor area of 49,226 pyeong and will house Kakao and Kakao Pay, among other Kakao affiliates, serving as Kakao’s headquarters. The Block 6-2 complex has a total floor area of 59,644 pyeong and will accommodate Naver affiliates, domestic IT companies, and large law firms.

The completion ceremony was attended by Park Junha, Chairman of the Korea Local Government Officials’ Mutual Aid Association, Kim Sanggon, Chairman of the Korea Teachers’ Credit Union, Park Sangjin, Vice President of Naver, as well as designers, contractors, and other project stakeholders, along with Choi Hyunman, Senior Vice Chairman of Mirae Asset Securities.

A Mirae Asset representative stated, "Mirae Asset Group has pioneered a new concept of real estate business where finance contributes to society through investment with the Pangyo Alphadom development project," adding, "We will continue to devote all our capabilities to ensure that such innovative real estate development projects can be continuously realized."

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