Magok Urban Development Project Overview
| Location | Magok-dong area, Gangseo-gu |
|---|---|
| Areas | 3,669,000㎡ (District 1: 1,104,000㎡, District 2: 1,866,000㎡, District 3: 699,000㎡) |
| Total Project Cost | KRW 7.2496 trillion |
| Project Period | ’07.12.~ ’24.12.(As of September 2024, Districts 1,2 complex development progress rate 99.9%) |
District 1 (Residential):12,429 households (6,214 for sale, 6,215 for rent)
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Phase 1 (’11.9. ~ ’14.6.) : 9 complexes, 6,730 households completed
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Phase 2-1 (’13.12. ~ ’17.4.) : 5 complexes, 2,985 households completed
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Phase 2-2 (’17.1. ~ ’after 20) : 1 complex, 1,529 households completed / 2 complexes, 1,185 households in progress
District 2 (Industrial Site Land Sales and Construction)
Land sales : 603,000㎡ occupancy contracts with 208 companies (82.7% of total 729,000㎡)
Industrial Complex Land Supply Status (Unit: ㎡)
| Category | Total Site Area | 2024 performance (cumulative) |
|---|---|---|
| Total | 811,498 | 670,332(82.6%) |
| Industrial Facility Sites | 729,006 | 603,233(82.7%) |
| Support Facility Sites | 82,492 | 67,099(81.3%) |
Status of Tenant Companies
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Before 2017 (74 companies): LG, Lotte, Kolon, E-Land, etc.
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2018 (27 companies): Lotte Shopping, Osstem Implant, etc.
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After 2019 (107 companies): Handok, OURHOME, Daewoong Pharmaceutical, etc.
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Magok Industrial Complex Information System: http://magoksandan.kr/
District 3 (Seoul Botanic Park): Business transferred to Garden City Bureau (Grand opening May 2019)
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Development Area: 503,000㎡, urban botanical garden + lake park
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Space Composition: botanical garden, lake park, open forest park, wetland ecological park
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Main facilities: Plant Culture Center with greenhouse, Han River pedestrian bridge, interchanges, LG Art Center, etc.