Godeok Biz Valley
- Major Project
- Godeok Biz Valley
Located in 353-beonju Godeok-dong with an area of 234,523㎡, Godeok Commercial Multicomplex is the largest economic innovation project to be carried out since the opening of Gangdong-gu Office, which aims to take a bold leap forward to become a new economic hub in the eastern metropolitan area.
The site of Godeok Commercial Multicomplex is a hub of traffic with many roads running in all directions including the Olympic Highway, a beltway around Seoul, Gyeongchun Expressway, and Jungbu Expressway.
Alongside Hangang River, it is a favored place boasting of an optimal business environment.
The development concept of Godeok Commercial Multicomplex consists of an attractive Culture/Logistics/Commercial zone where people will be apt to linger, Business/R&D/Knowledge industry zone that would create jobs and fortify a foundation for the local economy with the high-tech industry, Commercial zone for tourism, hotels, and convention center, and Green zone where people and nature coexist together in harmony.
Overall, it will be developed as a city where many industries are converged and integrated in harmony.
Gangdong-gu Office signed a memorandum of understanding with Ikea in October 2019 for IKEA Korea-JK Future Consortium at the Seoul Housing & Urban Corporation's private business contest for distribution site 1 in Godeok Biz Valley. The selection of IKEA Korea was confirmed. Aiming to be completed in 2024, it will be developed in the form of a large complex that combines IKEA Korea, movie theaters, shopping malls, and offices.
Godeok Biz Valley is expected to reinforce the regional economy and create large-scale jobs as a key project to transform Gangdong. More than 150 companies, including hotels, convention centers, and R & D centers, as well as distribution and sales facilities, will occupy the building.
In addition, when transportation is completed, such as the extension of subway line 9 and the connection of the Seoul-Sejong Expressway, it will be transformed into the best business place in the metropolitan area.
At present, 31 outstanding companies, including Cuckoo Electronics, have been confirmed. The company will conclude a business agreement with local companies to develop local win-win growth, so that local residents and young people in Gangdong-gu can be hired first.
- About Godeok Commercial Multicomplex
- Location and Area: Inside Godeok Sangil Public House 1, 234,523㎡ (345, Godeok-dong)
- Project period: 2013 to 2023
- Project plan: Attracting investors (Gangdong-gu) ➔ Site supply (SH Corporation) ➔ Development by private business
- Expected ripple effects: Economic effect of 9.5 trillion won, 38,000 jobs created
| Category | Area | Functions being introduced |
|---|---|---|
| Logistics and sales facility site (Residential area) | 68,398㎡ (20,690 pyeong ) | Sales•Business•Culture and assembly•Broadcasting and communications facility, large-scale stores, etc. |
| Self-sufficiency site (Residential area) | 57,034㎡ (17,252 pyeong) | Business•culture and assembly, Health care•Education and research facility Urban factory, Venture firm accumulation, Software promotional facilities, etc. |
| Commercial site | 19,073㎡ (5,780 pyeong) | Class 1 and 2 neighborhood-convenience facilities, Sales, Accommodation facilities (hotels, etc.) Business•Education and Research•Sports•Facilities for the elderly and infants Culture and assembly facilities (limited to performance hall and exhibition hall) |
| Parking Lots (Residential Area) | 2,702㎡ (817 pyeong) | Parking-only buildings (external parking lot under Article 2 of the Parking Lot law) ※ Possible to install sales facilities within 30% of building area) |
| Other | 87,325㎡ (26,462 pyeong) | Public buildings(6,345㎡), Parks(18,336㎡), Roads, etc. |
