Approval Granted for 400 Billion Won Gayang-dong CJ Factory Development Blocks 1 and 3... Construction to Start in August

Jin Gyo-hoon, Gangseo District Mayor, Gains Attention with First Official Approval

Aerial View of the Development Site of CJ Factory in Gayang-dong (Photo Provided by Gangseo-gu Office)

The development project of the CJ Factory in Gayang-dong, Gangseo-gu, Seoul, with a total project cost of 4 trillion won, has completed the approval process for all three blocks and will commence construction in August this year. Gangseo-gu granted development permits for two blocks of the CJ factory site in October last year, followed by approvals for blocks 1 and 3 in November and December, respectively.

The Gayang-dong CJ Factory development project was a campaign pledge of Jin Gyo-hoon, the Gangseo-gu mayor who took office through a by-election last October, and also attracted attention as his first official approval after inauguration. During the election period last year, Mayor Jin pledged to “actively support the development of the Gayang CJ site and establish cooperative measures for coexistence with the local commercial district,” and by approving the development of all three blocks this time, he has fulfilled his promise.

The CJ factory site development is a key local issue involving the creation of office, retail, and knowledge industry centers on a 93,683㎡ site near Yangcheon Hyanggyo Station on Subway Line 9. With this approval, construction can begin in August this year, and the district expects the previously delayed development project to gain momentum, significantly contributing to the revitalization of the sluggish real estate market and the local economy.

Mayor Jin Gyo-hoon stated, “The CJ factory site development project is the cornerstone for establishing Gangseo-gu’s new economic axis connecting Gimpo Airport, Magok MICE Complex, Seoul Botanic Park, and LG Arts Center,” adding, “As we enter the true first year of the 8th elected term, we will focus all our capabilities to swiftly advance key projects and do our best to realize ‘A Future Together, Sharing Gangseo.’”

The CJ factory development project had been halted after former mayor Kim Tae-woo, who lost in last year’s by-election, abruptly canceled the building agreement approval during his tenure.

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