SH, Dongdaemun 'Hongneung R&D Support Center' Breaks Ground… Completion Targeted for 2027

[Financial News] Seoul Housing and Communities Corporation (SH) has commenced construction on the R&D support center being developed in the Hongneung-dong area of Dongdaemun-gu.
SH announced on the 18th that it completed the groundbreaking report procedure for the 'Hongneung R&D Support Center' in Dongdaemun-gu on the 16th. This project is being promoted by SH on behalf of the Seoul Metropolitan Government and is the first project of the Hongneung Urban Regeneration New Deal. The goal is to complete it by March 2027.
The Hongneung R&D Support Center will be built with a total floor area of 2110.7㎡, spanning from 2 basement floors to 3 above-ground floors, and will include facilities for comprehensive startup support.
The basement will house laboratories for supporting next-generation information and communication technology, specifically quantum technology, while the above-ground floors will feature shared areas such as meeting rooms, lounges, restaurants, cafes, rental spaces for startup companies, and spaces for large companies and investors.
Additionally, as part of the Hongneung Urban Regeneration New Deal, the 'Hongneung Startup Lab' and 'Advanced Medical Device and Bio Health Center' will be established.
SH plans to develop the Hongneung area into a hub for the bio and medical industries through these three key facilities.
Hwang Sang-ha, President of SH, stated, "Hongneung is a region densely populated with universities and research institutions, offering great potential for the activation of startups and venture companies," adding, "With the establishment of this R&D support center, we aim to invigorate the startup ecosystem and lay the foundation for the advancement of cutting-edge technologies such as quantum technology research."







going@fnnews.com Choi Ga-young Reporter