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SPI Weekly Korean Market Update(12/27~1/3)

2022. 01. 03 · Byungki Koh
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

Seoul’s Yangjae-dong Selected for ICT Promotion Zone The Seoul Metropolitan Government announced at the end of last month (December 30, 2021) that it had selected the Yangjae 1-dong and 2-dong neighborhoods as the candidate sites for the ‘Yangjae ICT Special Development Promotion District’. The target site (934,764㎡) is densely populated with 330 ICT (Information and Communication Technology)-related SMEs specializing in businesses such as communications, machine manufacturing and engineering, and systems software. Seocho-gu, the municipality with jurisdiction over the district, is planning to begin full-scale preliminary procedures such as establishing a promotional plan with the goal of designating the final promotion district within the second half of next year. When designated […]

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