Junggu Secures 54 Billion KRW Fund for Resident Convenience Facilities in 'Seoul Station Northern Area Complex Development Project'

Jung-gu and Seoul Station Northern Area Development Co., Ltd. Sign Agreement on Payment for Public Facility Installation
Development of MICE, Office, Hotel, etc. on Idle Land in Bongnae-dong 2-ga, Jung-gu
Establishment of 54 Billion Won 'Urban Planning Facility Installation Fund' for Resident Convenience Facilities

Jung-gu, Seoul (District Mayor Kim Gil-seong) announced that in December last year, it approved new construction projects within the Seoul Station North District Unit Planning Area and signed an agreement for the payment of public facility contribution fees.

This agreement pertains to Jung-gu's public contributions to the Seoul Station North Station Area Complex Development Project being promoted in the Bongnae-dong 2-ga area of Jung-gu, covering details such as △public contribution content △scale of public contribution △methods of provision.

The Seoul Station North Station Area Complex Development Project is a large-scale complex construction project combining exhibition and convention (MICE) facilities, offices, officetels, retail facilities, and hotels. On the previously vacant railway idle land, five buildings with a total floor area of approximately 340,000㎡ and ranging from 6 basement levels to 38 floors above ground will be constructed.

As part of the public contribution, a three-dimensional public pedestrian passage connecting to Seoul Station Plaza will be created, linking Sogong-dong, Seoul Station, and Jungnim-dong. This will improve the regional infrastructure that had been inconveniently divided by the urban railway. A publicly accessible open space connected to the public pedestrian passage will also be created, providing a community resting area extending to Seosomun History Park.

The district expects that once the Seoul Station North Station Area Complex Development Project, which harmonizes excellent infrastructure facilities with historical and cultural resources, is completed, it will leap forward as a global MICE city.

Furthermore, it is anticipated that the tourism, economic, and social effects of the MICE project will have a significant ripple effect on the overall local economy.

The 54 billion KRW secured through this agreement will be established as the "Urban Planning Facility Installation Fund." It will be used in the future to improve local infrastructure, such as installing convenience facilities for residents.

Kim Gil-seong, Mayor of Jung-gu, stated, “The development of the Seoul Station North Station Area will be a pillar of change for Jung-gu. We will do our best to provide administrative support so that it can become a global landmark,” and added, “The 54 billion KRW fund secured through this business agreement will be well utilized to create convenience facilities for residents in the future.”

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