- After being remodeled, Yongsan History Museum returns to the citizens in March 2022, residential and cultural complex space scheduled to begin construction in the second half of the year
- Complex development breathes life into historical legacies, regenerating the city and neighborhood with private development know-how
HDC Hyundai Development Company has completed the construction of the Yongsan History Museum which will establish itself as Yongsan’s heritage and new cultural space. Through land donation, the company has also taken the first step in the Yongsan Railroad Hospital Site development project that will penetrate Yongsan’s past and future. Yongsan-gu prepared a meaningful event on the 23rd, inviting the citizens of Seoul to the opening ceremony of the Yongsan History Museum, which will be a place for citizens where Yongsan’s history and modern culture coexist. Sung Jang-Hyun, Chief of Yongsan-gu Office, Park Hee-Yoon, Head of Development Business Division, officials, and others attended this event, enhancing the significance of the occasion.
Yongsan History Museum was designated as the Yongsan History & Culture Renaissance Special Zone by the Ministry of SMEs and Startups last April, and the project was carried out as a civic center historic base construction special project of Yongsan-gu. HDC Hyundai Development Company proceeded with the construction according to the restoration and repair plans of the advisory committee established for the restoration of the Yongsan History Museum, Registered Cultural Property No. 428. After breaking ground in May 2021, major repairs such as demolition, reinforcement, restoration, and exhibition construction were completed in February. The museum opened in March.
HDC Hyundai Development Company is planning to make the Yongsan History Museum be a sustainable space that penetrates the times, as well as a cyclic space with no boundaries, where, as a future complex cultural space, the museum, residential space, plaza, and retail space are interconnected.
The Yongsan Railroad Hospital Site development project, that HDC Hyundai Development Company is carrying out, is a project to develop a 10,772㎡site in the area between street addresses 65 and 154, Hangangno 3-ga, Yongsan-gu, within the Yongsan District Unit Planning Area. The main building of the Yongsan Railroad Hospital located within the site has been remodeled into Yongsan History Museum, carrying on the heritage of Yongsan, while the multipurpose building, planned to be up to 33 stories high with 6 basement levels and accommodate 621 households, will be developed into a residential-commercial complex that combines high-class residences with shopping and culture. Last May, HDC IPARK 1st REIT Co., Ltd., HDC Hyundai Development Company’s real estate investment company, obtained a business permit for the Yongsan Railroad Hospital Site development project from the Ministry of Land, Infrastructure, and Transport and is carrying out the project in earnest. After the licensing and administrative procedures are complete, they will begin construction in the second half of the year.
▮ HDC will shape the grand vision centered on Yongsan, which will raise the competitiveness of the global city Seoul… Planning to present a grand vision of developing Global-Central District (GCD)
HDC Hyundai Development Company plans to build strongpoint spaces where the area and city can grow, where the people living in it can interact, where thoughts change, and where ideas gather to transform the future. It aims to develop that kind of space in all the cities in Korea, including Seoul.
HDC Hyundai Development Company is cooperating with the Seoul Metropolitan Government and Yongsan-gu Office to shape the future of the city. HDC Hyundai Development Company is actualizing its vision centered on Yongsan to increase the competitiveness of the global city Seoul. The residential complex and cultural space, that are being built along with the Yongsan History Museum, will be the core. By using the shopping and sports content of IPARK Mall, the company will expand the value of its platform, and through developing the Yongsan Station Front Park, it plans to firmly establish the basis for a city with a new lifestyle.
On a private level, HDC Hyundai Development Company is planning to present a grand vision of developing a new Global-Central District (GCD) that sets the three strongpoints around Yongsan Station as the central core, and connects the Hangang River waterfront space to the Yongsan International Business District near the west part of the Hangang River, prompting this area to become a Global Business Special District along with the existing business district in Yeouido, while also encompassing Itaewon, the center for culture, art, leisure activities, residence and the Yongsan Park Creation Project, the foundation for the Yongsan era that is newly opening. To increase the competitiveness of Seoul as a global city, HDC Hyundai Development Company will lead the way to this grand vision so that Yongsan, a place with a heritage that has the past, present and future coexisting together, can take on a pivotal role.
An official of the HDC Hyundai Development Company stated that the HDC Group will connect the development of the “Global Urban Zone” centered on Yongsan with the “Global Campus Zone,” which connects major universities around the northeastern area of Seoul with the Kwangwoon Univ. Station Area project at the center, and the “Global MICE Zone,” that connects the Seongsu district with the complex development of Jamsil Sports Complex centered on MICE. By maximizing the urban competitiveness of Seoul, the company plans to paint out a grand vision of Seoul and Korea being reborn as a new city and country that lead the new global era.
HDC Hyundai Development Company disclosed that it will go beyond simply building apartment complexes. The company expressed its desire to make the areas and cities grow through good development and operational business, thereby making people grow and itself also evolving as a social developer for the people and the area.
Cover shot of Yongsan History Museum