“Kwangu University Station Logistics Site” Breaks Ground After 15 Years… Emerges as a New Economic Hub in the Northern Region of Seoul

Seoul City Establishes ‘Balanced Development Pre-Negotiation System’
Easing regulations and supporting prompt project implementation in the northern regions,
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, “(Seoul=News1) Reporter Han Ji-myung = Seoul city will break ground on the ‘Gwangwoon University Station Logistics Site Development’ project, a long-awaited initiative by residents of the northern areas, including Wolgye-dong, after 15 years.”,
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, “On the 25th, Seoul city announced that a groundbreaking ceremony will be held at the logistics site of Gwangwoon University station in Nowon-gu.”,
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, “Seoul Mayor Oh Se-hoon will attend the ceremony to announce the establishment of a ‘Balanced Development Pre-Negotiation System’, and promise regulation relaxation and prompt project progression in the northern regions. The aim is to foster the north as a new economic hub, ushering in a ‘Golden Era for the North’.”,
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, “The logistics site at Gwangwoon University station had previously been an avoided area due to the division it caused between eastern and western regions and issues of dust and noise due to outdated facilities. However, the city management plan was finalized last November, paving the way for development.”,
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, “The development will include commercial and office facilities, apartments, public dormitories, and living SOC infrastructure. It is expected to establish a new economic and living hub in the northeastern zone by 2028.”,
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, “Seoul city aims to attract businesses to create jobs and strengthen regional self-sufficiency. The headquarters of HDC Hyundai Development Company has already confirmed their relocation to the Gwangwoon University Station logistics site, with a sequential plan to develop commercial and public land.”,
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, “The newly introduced ‘Balanced Development Pre-Negotiation System’ aims to ease additional regulations and facilitate faster project progress in the northern regions. For projects contributing to job creation, the public contribution ratio can be reduced by up to 50%, and the negotiation period is shortened from 6 months to 3 months, significantly improving project viability.”,
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, “The targeted areas for the balanced development pre-negotiations include 8 autonomous districts in need of regional activation within the northeastern and northwestern zones. Currently, Dongdaemun, Jungnang, Seongbuk, Gangbuk, Dobong, Nowon, Eunpyeong, and Seodaemun districts have been prioritized.”,
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, “The city plans to select sites larger than 5,000㎡ for this initiative by comprehensively reviewing factors like resolving regional imbalances and self-sustainable development potential, followed by evaluation by the Balanced Development Committee.”,
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, “Seoul city expects that the successful development case of the Gwangwoon University Station logistics site will spread throughout the northern regions.”,
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, “Im Chang-su, Seoul city’s Future Space Planning Officer, emphasized, ‘The development project of the Gwangwoon University Station logistics site is a crucial project that transforms the northern areas into a representative job-creating city and a new economic city in Seoul,’ and ‘we will spare no administrative support and effort until the project is completed.'”