Promoting Stable Urban Development
Through Public-Sector Leadership
KORAIL
- Land purification project
- Cultural heritage survey
- Master planning and licensing/approvals
- Supply of land within the project area
SH
- Design and construction
- Compensation(state-owned, public, and private land)
- Metropolitan transportation improvement plan(roads)
* 2024.12.20 Designated as a joint developer of the Yongsan International Business District Urban Development Project
KORAIL, a mobility enterpise leading railway standards
Mission
- Connecting People, Society, and the Future
Vision
- a Companion for Opening Future Transportation
Core Values
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Safety
Digital-based
Safety Advancement -
Trust
Establishment of Future – oriented Organizational Culture
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Innovation
Enhancement of Financial Stability for Viable Business
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Communication
Mobility Innovation experienced by People
KORAIL Station Area Development
- KORAIL is securing its sustainability by shifting from a transport-oriented revenue structure to a development-focused business model utilizing its assets.
- In addition to developing the large-scale Yongsan Maintenance Depot site into the Yongsan International Business District, a mixed-use complex combining international business, residential, and green park spaces, KORAIL continues to promote the development of key station areas such as Kwangwoon University Station, Seoul Station, Daejeon Station, and Susaek Station.
Major KORAIL Station Area Development Projects
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Seoul Station Northern Area Development
Relocating scattered railway facilities to create a global business complex town
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Kwangwoon University Station Area Development
Promoting residence-centered mixed use development by relocating logistics facilities near Kwangwoon University Station
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Daejeon Station Area Development
Establishing residential, retail, and cultural complexes to revitalize old downtown areas and enhance convenience for railway users
Seoul, A Charming City Where Citizens are Happy, powered by SH Corporation, a city development public enterprise.
Mission
- Supplying housing harmonized culture, welfare, environment Realizing fascinating seoul through the future strategy project
Vision
- The innovative corporation that leads fascinating seoul and healthy community
Core Values
- Citizen happiness
- Change and innovation
- Coexistence and cooperation
- Safety and responsibility
Urban Development and Housing Site Development Project Cases
- SH Corporation was established with the purpose of contributing to the improvement of citizens’ welfare and residential stability, as well as promoting regional economic growth and revitalizing local development through urban development and renewal, land development and supply, and the construction, improvement, supply, and management of housing.
- Considering regional characteristics, SH Corporation carries out balanced urban development projects and creates pleasant, environmentally friendly residential sites.
Major Urban Development Projects by SH Corporation
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Munjeong District Urban Development Project
Planning business districts to promote future-oriented new growth industries, foster knowledge-based industries, activate regionally specialized industries, and create jobs that integrate living and working environments
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Magok Urban Development Project
Establishing knowledge-based industrial green cities that lead the future of Northeast Asia, aiming for balanced regional development, the restoration of Seoul’s competitiveness, and its advancement as a global city
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Eunpyeong New Town Urban Development Project
Improving residential environments and contributing to stable housing for citizens by developing and renewing deteriorated urban areas within restricted development zones
Major Housing Site Development Projects by SH Corporation
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Wirye District Housing Site Development Project
Developing a future-oriented residential city to achieve the policy goal of ensuring a stable housing supply in the Gangnam area and promoting residential stability for low- and middle-income households
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Godeok Gangil Housing Site Development Project
A platform city that serves as a major hub in the eastern metropolitan area of Seoul, forming a network for convergent industries
* The above renderings and images have been produced to help visitors understand the project and may differ from the actual development.