The Center of Future Global Business,
Yongsan International Business District
Leading Seoul toward becoming one of the world’s top five cities,
Realizing the world’s first and only convergence district!
The site of the Yongsan Railway Maintenance Depot is Transforming the future of Seoul!
By developing the Yongsan Railway Maintenance Depot site, Yongsan will be transformed into a global business hub, and Seoul will grow into a central city with enhanced international competitiveness.
| Location | 40-1, Hangangno 3-ga, Yongsan-gu, Seoul |
|---|---|
| Site Area | 456,099㎡ |
| Project Period | 28, 2024 (District Designation Date) ~ December 31, 2028 |
| Developer | KORAIL (Korea Railroad Corporation) / SH (Seoul Housing & Communities Corporation) |
Project Operator Roles
KORAIL
- Development planning, permits and licences
- Supply of land for the project area
- Land purification project
- Cultural heritage survey
SH Corporation
- Development planning and permits (common)
- Basic and detailed design
- Compensation (state-owned, public, and private land)
- Construction within the district (joint) and outside the district
- Public rental housing project
Project Method
Urban development project under the Urban Development Act
(Methods of Expropriation and Use)
Development Phases
- Phase 01 Public Sector (Project Developer) Construction of infrastructure facilities (roads, parks, etc.)
- Phase 02 Private Sector (Land Purchasers) Development of individual buildings on allotted sites after land sale
* The above renderings and images have been produced to help visitors understand the project and may differ from the actual development.