Attract investment

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The financial support industry cluster consists of financial, legal, accounting businesses, etc.; it is being established as a means of attracting renowned global financial institutions and multi-national enterprises and is being developed as a landmark in Seoul so that the city will become a major financial hub of Asia.

  • Seoul International Financial Center
  • Business Outline
  • - Construction floor area : land: 33,058㎡, total floor area: 505,236㎡
  • - Construction period : 2006 ～ 2012
  • Business Structure
  • - Development method: Seoul (land lease), AIG (investment/development/operation)
  • - Project cost: KRW 1.514 trillion

Overview of IFC Seoul Buildings

  • One IFC (32 floors) : 184.5m / 70,140㎡
  • Two IFC (29 floors) : 175.5m / 63,253㎡
  • Three IFC (55 floors) : 284.0m / 130,944㎡
  • Conrad Seoul (38 floors) : 199.4m / 77,878㎡
  • IFC Mall (3 underground floors) : – / 76,021㎡

Lease Conditions (as of February 2015)

  • One IFC : 100% leased
  • ∗ Key tenants: Deloitte, Daiwa Securities, CLSA Securities, China Merchant Securities, Bank of NY Mellon, CBRE Global Investment, Invesco, Citrix, Sony, and Philip Morris
  • Two IFC : 90% leased
  • ∗Key tenants: AIG, Baker & McKenzie, Dexerials Korea, Nivea, LG Electronics, Macoll, Russell Investment, Korea Medical Foundation, EIG Global Energy Partners, LHC Investment BKPM, and Euro Asset
  • Three IFC : 19% leased
    ∗Key tenant: IBM

Present
condition of rentals (Feb. 2014)

1. One IFC : 31 companies in total, 100% of total floor area

  • Financial institutions and supporting organizations : 22 companies, non-financial institutions : 8 companies, Other : 1 company

Status by field, enterprise, and country

Finance (16), US (5), EU (2), Japan (1), China (1), Korea (6)

  • Asset management (3 countries, 5): Netherlands’ ING Asset Management, US’s CBRE Real Estate Asset management, US’s Invesco, US’s Riverside, KOREA’s RAK Asset Management
  • Securities (4 countries, 4): JAPAN’s Daiwa, FRANCE’s CLSA, CHINA’s Zaoshang, KOREA’s Samsung
  • Bank (2 countries, 3): US NY’s Mellon, KOREA enterprise, KOREA’s KB Kookmin
  • Foreign exchange brokerage (1 country, 1): US’s Gooch Financial Investment
  • Trust (1 country, 1): KOREA’s AZ Worth Trust
  • Hedge fund (1 country, 1): KOREA Daewoo securities hedge fund

Financial support (6), US (3), Domestic (3)

  • Accounting firm (1 country, 1): KOREA/UK DeloitteAnjin
  • Consulting (1 country, 2): KOREA’s Quantum Consulting, FG Korea
  • Financial IT service (1 country, 2): US’s Sunguard, Citrix
  • Insurance brokerage (1 country, 1): US’s AIG Services
  • Investment administration support (1 country, 1): KOREA’s global business center

Non-financial(8), US(2), Japan(2), Domestic(4)

  • Manufacturing (3 countries, 6): US’s Phillip Morris, JAPAN’s Asahi Kasei, JAPAN’s SONY, KOREA’s LG Hausys, KOREA’s LG Chemicals, KOREA’s LG MMA
  • Information communication service (1 country, 1): US’s OSI Soft
  • Trade (1): KOREA Raystar

Other(1), US(1)

  • Sports center(1) : Reebok Cross Fit (US)

2. Two IFC : 9 companies in total, 17.3% of total floor area

Financial institutions and supporting organizations : 5 companies, non-financial institutions : 2 companies, convenience facilities : 2

Finance (10) Japan(1), US(4), S’pore(1), Korea(3), China(1)

  • Asset management (2 countries, 2): JAPAN’s Cosmo Asset management, US’s Russel Investment 
     
    EIG Global Energy Partners(US), Sean Partners(K), Lasalle(US)
    Sharp Gain Korea(Ch.), Euro Asset(K), Glenwood(K)
  • Hedge fund(2) : Leonie Hill Capital(S’pore), Newlake Alliance Management(US)

Financial support (9) , Korea(2), US(4). UK(1), Indonesia(1), HK(1)

  • Consulting(2)  (1 country, 1): KOREA’s Macoll, L.E.K(UK)
  • Real estate development (1 country, 1): US’s AIGKRED
  • Law firm (1 country, 1): US’s Baker & McKenzie
  • Government agency(1) : Indonesia Investment Coordinating Board
  • Financial IT service(1) : I.T. Source(US)
  • Personnel consulting(2) : Act-1(US), YNK(K)
  • Business center(1) : TEC(HK)

Non-financial (6)Japan(1), Germany(1), Korea(3), US(1)

  • Manufacturing(5 from 4 nations) : JAPAN’s Dexerials (SONY’s chemical subsidiary), Germany’s NIVEA

    Otis Elevator(US), Geunhwa Pharmaceutical(K), LG Electronics(K)

  • Cultural Foundation(1) : LG Foundation(K)

Etc. (2)

  • Convenience facilities (2): US’s Starbucks Coffee, KOREA’s Korea Medical Foundation

3. Three IFCs: pursuing lease

4. Hotel complex: Operation contract with Conrad Hilton Hotel

5. IFC mall: 82 brands, 100% lease complete (CGV, Youngpoong Books, ZARA, etc.)

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