Seongdong District Significantly Expands Public Facilities Over 10 Years... District Assets Increase by 40%

Expansion of Resident-Oriented Facilities
Including Sports Centers, Youth Centers, and Parking Lots

Seongdong District in Seoul (headed by Mayor Jeong Won-oh) announced on the 28th that district-owned property has increased by 40% over the past 10 years, following a significant expansion of public facilities directly related to residents' daily lives. The district explained that as of 2025, the total value of its assets will reach 1.8714 trillion won, an increase of 536 billion won from 1.3354 trillion won in 2014.

Seongdong District announced that it has significantly expanded community-based facilities, resulting in a 40% increase in the total district-owned property over the past 10 years. Seoul Forest Complex Cultural and Sports Center. Provided by Seongdong District.

During this period, a large number of facilities used directly by residents were established, including the Seoul Forest Complex Cultural and Sports Center, Seongdong Safe Shopping Mall Building, and Majang-dong Livestock Market Public Parking Lot. Building assets increased by 235.7 billion won compared to 2014, representing a 112.6% rise.

Recently, the district has focused on expanding facilities to support young people. In the second half of last year, it secured the Seongdong Youth Room Center to support youth entrepreneurship, the Success Space to facilitate remote and distributed work, and two youth centers (Seongdong-gu Youth Support Center and Seoul Youth Center Seongdong) to help with employment and independence.

By purpose, the district has seen balanced growth in public offices, cultural and sports facilities, safe shopping malls, childcare and welfare facilities, economic revitalization facilities, and parking lots. In particular, economic revitalization facilities that support youth entrepreneurship and regional coexistence have expanded to a scale of 49.3 billion won.

Land assets also increased by 300.3 billion won, marking a 26.7% rise. A district official stated, "Despite challenging circumstances, we took a proactive approach to expanding facilities and enhancing urban competitiveness," adding, "We will continue to do our best to provide public services that residents can truly feel."

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