Sejong-si Supplies 87,000㎡ of Industrial Facility Land in Jeondong General Industrial Complex

Location map of industrial facility land for sale in Jeondong General Industrial Complex. Provided by Sejong City.

[Asia Economy (Sejong) Reporter Jeong Il-woong] Sejong City announced on the 9th that it will lease industrial facility sites in the Jeondong General Industrial Complex from the 9th to the 16th.

The land for lease is located in Nojang-ri, Jeondong-myeon, with a total area of 87,452㎡ divided into 14 lots. Eligible industries for occupancy include ▲Manufacture of medical substances and pharmaceuticals (C21) ▲Primary metal manufacturing (C24) ▲Electrical equipment manufacturing (C28) ▲Automobile and trailer manufacturing (C30) ▲Other transportation equipment manufacturing (C31).

The lease price is 513,000 KRW per 1㎡, which may be set higher or lower than the total development cost depending on the location within the overall cost range.

Eligibility for occupancy requires meeting the qualifications under the Act on the Promotion of Industrial Cluster and Factory Establishment (Article 2, Clause 1) and its Enforcement Decree (Article 6), and must be suitable for the Jeondong General Industrial Complex Management Basic Plan and signing of the occupancy contract.

Priority for occupancy is given to ▲1st priority: those who have signed a prior occupancy agreement with the city ▲2nd priority: companies operating individual factories in the same industry within the city ▲3rd priority: companies operating individual factories in the same industry in the metropolitan area.

Applications for occupancy must be submitted in person to the Investment Attraction Division on the 5th floor of City Hall after completing the required documents posted on the city’s website.

The city will accept applications by lot, conduct occupancy reviews, and select qualified applicants as occupants. The expected land availability is in 2024, but the schedule may change.

Payment terms require a 10% deposit upon signing the land sale contract, the first interim payment of 30% within 6 months, the second interim payment of 30% within 12 months, and the remaining 30% within 30 days from the ownership transfer preparation date.

For more detailed information about the lease, please refer to the announcement board on the city’s website or contact the Investment Attraction Division at City Hall.

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