Gbsa Opens "Paju Era"...Headquarters-Level Core Departments to Move In Sequentially from March

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The Gyeonggido Business & Science Accelerator (hereinafter referred to as GBSA) has completed the administrative procedures for its relocation to Paju and will fully usher in the new "Paju era" starting in March.

A view of Paju City Hall. Photo by Paju City.

The Paju city government announced on the 10th that GBSA has signed a final lease agreement for office space in a newly constructed building located in Dongpae-dong within Unjeong New Town in Paju. This is a tangible achievement reached about five years after the decision in 2021 to relocate GBSA to Paju, and it is expected to become a key driving force of the large-scale remodeling project for northern Gyeonggi Province.

According to the city, GBSA signed a provisional lease agreement at the end of last year for office space in a newly constructed building near Dongpae-dong and proceeded with interior fit-out work. Once the building recently received its completion approval, GBSA immediately signed the final lease agreement.

This is a tangible achievement reached about five years after the decision in 2021 to relocate GBSA to Paju, and it is expected to become a key driving force of the large-scale remodeling project for northern Gyeonggi Province.

This office relocation by GBSA through leasing is intended to swiftly fulfill the long-delayed promise to move to Paju before the construction of its dedicated Paju office building is completed. The GBSA president, the executive team, and key departments are expected to be the first to complete the move.

Accordingly, major decision-making functions related to the operation of the institution are also expected to be carried out in Paju. This is evaluated not merely as a relocation of office space, but as a meaningful turning point in that all of GBSA's core functions will be transferred to Paju.

An official from the Paju city government emphasized, "Since Paju was finalized in 2021 as the relocation site for GBSA, the relocation project had remained virtually stalled for nearly five years. It is particularly meaningful that the project has finally entered a full-fledged implementation phase, giving Paju a new status as a hub for supporting companies in northern Gyeonggi Province."

The official added, "Taking the relocation of key departments scheduled for March as an opportunity, we will do our utmost to provide administrative and institutional support so that the originally planned project to construct the GBSA office building can proceed as quickly as possible."

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