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Information as of 21 Feb, 2017

“Magok”, an innovative base for knowledge economy converging advanced technology and industry

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Magok District is located to the southwest of Seoul and it is a futuristic high-tech city being fostered intensively by Seoul Metropolitan Government as a “knowledge industry innovation base” by developing an R&D cluster for cutting-edge convergence technologies (IT, BT, GT, NT), business complex, and background residential complex/  Currently, a total of 55 companies including leading global companies such as LG, Lotte, Daewoo Shipbuilding & marine Engineering and S-oil have confirmed to move into Magok Industrial Complex and active marketing activities are being conducted for the invitation of global R&D companies. 

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Present conditions of Magok District

  • Location : Magok-dong and Gayang-dong, Gangseo-gu, Seoul
  • Area : 3,665,086㎡
 

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Classification of land (㎡)
  • Industrial complex-Industrial site : 730,887
  • Industrial complex-Supporting site : 81,326
  • Biz and commercial site : 388,813
  • Residential site : 595,162
  • Infrastructure site – Park, green : 760,662
  • Infrastructure site – Others : 1,108,236

Facilities to move in
  • Industrial complex: R&D institutes and auxiliary facilities
  • Biz and commercial site: sales and working, hotel, convention, etc
Transportation: One-day biz zone for Northeast Asia
  • 2km from Gimpo Int’l Airport, 40km from Incheon Int’l Airport, downtown access 13km
  • 6 subway stations of the 3 lines of Airport Railroad, Subway Lines 5 and 9
  • Sufficient main roads being adjacent to Olympic Road, Southern Circulatory Road, etc.
Residential condition: Pleasant living environment with the combination of culture, ecology, and living
  • Seoul’s representative botanic park with cultural facilities is under construction. (500,000㎡)
  • A paradise for pedestrians and bicycles with the green axis connected in all areas
  • Environment-friendly residential complex well harmonized with the surrounding environment (12,015 households in 16
Investment conditions
  • The site for R&D facilities will be supplied at construction cost. (more cheaper than the current market price of nearby sites)
  • Tax support including deduction of corporate and property taxes and incentives according to the laws related with foreign investment
  • Leading global R&D companies such as LG, Daewoo Shipbuilding & Marine Engineering and S-oil are moving in. (Easy to secure business partners) ※ Investment plan of major companies moving in
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Company

LG

  • Area of land(㎡) : 176,117
  • Investment volume(KRW 100 million)  : 32,000
  • Main business areas : Next-generation battery, electronic material, mobile technology /  Antibody medicine, Healthcare /  Semiconductor, household items, etc.
  • Employees : 20,000
  • Time to move in : 2017

Kolon

  • Area of land(㎡) : 18,502
  • Investment volume(KRW 100 million)  : 3,119
  • Main business areas : High-tech material, chemical material / New & renewable energy
  • Employees : 2,000
  • Time to move in : 2017

Lotte

  • Area of land(㎡) : 15,638
  • Investment volume(KRW 100 million)  : 2,247
  • Main business areas : Food bio, researching useful microorganism   / U-health, bio diesel, etc.
  • Employees : 600
  • Time to move in : 2017

Daewoo Shipbuilding & Marine Engineering Co., Ltd

  • Area of land(㎡) : 61,232
  • Investment volume(KRW 100 million)  : 6,826
  • Main business areas : Researching technology for land and marine wind power generation  / Developing ultra-large fluidic system  
  • Employees : 2,700
  • Time to move in : 2017

Access Bio(foreign company)

  • Area of land(㎡) : 1,269
  • Investment volume(KRW 100 million)  : 150
  • Main business areas : Diagnosis reagent for diseases like malaria, AIDS, and myocardial infarction (No. 1 in the world in the market share of diagnosis of malaria)  
  • Employees : 50
  • Time to move in : 2016

S-OIL

  • Area of land(㎡) : 29,099
  • Investment volume(KRW 100 million)  : 3,953
  • Main business areas : etrochemical/new & renewable energy / Developing new chemical materials, etc.  
  • Employees : 1,000
  • Time to move in : 2019