Project Background
Despite Korea's leading position in global cultural trends, the country lacks a specialized music performance venue matching its status. Seoul Arena project is being promoted to create jobs and cultural-arts infrastructure in Seoul's northeastern area.
Vision and Goals
Creating music and performance industry ecosystem to strengthen Seoul's global competitiveness as a cultural city, serving as a key project for establishing job and cultural infrastructure.
Project Overview
| Location | 1-23, Chang-dong, Dobong-gu, Seoul, Republic of Korea (50,149㎡) |
|---|---|
| Scale | 2 underground - 6 above-ground floors (H44.7m), total floor area: 119,097㎡ |
| Usage | Arena (18,000 seats), medium-sized performance hall (2,000 seats), movie theater, pop music support facilities, commercial facilities, etc. |
| Project Method | Private investment project (BTO) (*30-year operation) |
| Construction Period | ’23.11. ~ ’27. 3. |
| Operator | Seoularena Co., Ltd. |
Implementation Roadmap
-
’15.9.5.Project plan establishment
(Mayor's directive)(City) -
’22.3.3.Private investment project
review passed(Government ↔ project operator) -
’22.4.4.Implementation agreement signing and
project operator designation(City ↔ project operator) -
’23.11.23.~30.Implementation plan approval
(Construction permit, groundbreaking)(City, Province) -
’27.3.Completion and operation(City, Province, project operator)
Development Timeline
| Announced Seoul Arena complex cultural facility construction | ’15. 2. |
| Established construction plan to build Seoul Arena complex cultural facility | ’15. 9. |
| Notified eligibility study results (B/C 1.06, secured private investment eligibility) | ’18.12. |
| Designated preferred negotiator (Seoularena Co., Ltd. ) | ’19. 9. |
| Passed Ministry of Economy and Finance private investment project review (draft passed) | ’22. 3. |
| Signed implementation agreement and designated project operator | ’22. 4. |
| Established project implementation corporation (Seoularena Co., Ltd. ) | ’22. 6. |
| Conducted implementation design presentation | ’23. 5. |
| Announced implementation plan approval and issued construction permit, commenced construction (※ Groundbreaking ceremony: July 2, 2024) | ’23.11. |
| Held groundbreaking ceremony | ’24. 7. |