Daishin Asset Trust Signs Redevelopment MOU With Changsin District 9 Promotion Committee

Daishin Asset Trust, an affiliate of Daishin Securities, announced on the 24th that it has signed a memorandum of understanding (MOU) with the Promotion Preparation Committee to promote the “Changsin District 9 Redevelopment Project.”

On the 24th at the Daishin Finance Center in Seoul, Kim Songgyu, CEO of Daishin Asset Trust (sixth from the left), and Ha Sohyun, Chairperson of the Promotion Committee (fifth from the right), are taking a commemorative photo. Daishin Securities

The project site is located around 23-606 Changsin-dong, Jongno-gu, in a prime area in central Seoul, where the Blue House, government office buildings, major corporate headquarters, and numerous financial institutions are concentrated.

The redevelopment area covers a total of 143,148 square meters and is set to be transformed into a large-scale residential complex of approximately 2,700 units in buildings ranging from five basement levels to 29 above-ground floors. With Changsin Station, Dongmyo Station, and Dongdaemun Station nearby, it boasts excellent transportation infrastructure, and it also offers good access to green spaces such as Naksan Park, Heunginjimun Park, and Sungin Neighborhood Park.

Daishin Asset Trust plans to support stable and swift project implementation from the early stages of the Changsin District 9 project, leveraging its professional management capabilities.

A Daishin Asset Trust official said, “Large-scale redevelopment projects are currently underway in the Changsin and Sungin areas, including Changsin District 9, and we expect the future value of Jongno-gu to increase further,” adding, “With its locational advantage at the center of Seoul and its excellent transportation, education, and living infrastructure, the area has the potential to form a large-scale residential belt in the future.”

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