Industrial Complex, Major Corporation Hinterland... Spotlight on 'Eumseong Dongmun The East'

The Seongbon Industrial Complex, the largest corporate complex city in Eumseong, Chungbuk, is being transformed into a representative mini new town of Chungbuk where residential and industrial areas coexist. With the land supply contracts within the industrial complex nearing completion, Eumseong County and others are actively attracting companies, and Dongmoon Construction is supplying 687 apartment units, with about 5,000 households expected to be established within the industrial complex.

The Eumseong Corporate Complex City is the largest industrial site in Eumseong County, developed by Eumseong County and others over an area of 2,003,579㎡ covering Seongbon-ri and Buyun-ri in Daeso-myeon and Yupori in Geumwang-eup. It is located within 10 minutes from Daeso IC and Daeso JC on the Jungbu Expressway connecting Hanam, Gyeonggi-do to Cheongju, Chungbuk, and about 5 minutes from Geumwang Kkotdongnae IC on the Pyeongtaek-Jecheon Expressway.

[Perspective view of Eumseong Dongmun The East being developed in Eumseong Corporate Complex City B5 Block Photo by Dongmun Construction]

Due to its geographical advantages, companies are moving in one after another. In December last year, JG Logistics completed the inauguration of its headquarters and logistics center in the Seongbon Industrial Complex. JG Logistics is an emerging leader in logistics transportation and delivery. Also, last year, the global bio-specialized company Gangdong Group Co., Ltd. planned to relocate its headquarters and build a new factory, and Kukjeon Pharmaceuticals has set plans to invest about 100 billion KRW over the next 10 years to construct a raw pharmaceutical manufacturing plant. More than 50 companies have already completed lease contracts.

Accordingly, once the Eumseong Corporate Complex City is completed, it is expected to generate a production inducement effect of 4.7 trillion KRW, increase employment by about 19,000 people, and attract a population of about 12,000.

As a result, attention that was concentrated on Chungbuk Innovation City is now shifting to the Eumseong Corporate Complex City. Chungbuk Innovation City, developed around Maengdong-myeon in Eumseong County, began occupancy in May 2014 with the relocation of 11 public institutions and the opening of Chungbuk Innovation City LH Inno Valley, followed by developments such as Yeongmu Yedam and Chungbuk Innovation City Centum Class.

Apartment prices have also risen significantly. The ‘Chungbuk Innovation City Moa Elga The Terrace,’ which moved in February 2018, had a sale price of about 240 million KRW for an 84㎡ unit at the time of sale, but according to the Ministry of Land, Infrastructure and Transport’s actual transaction price disclosure system, it was traded for 520 million KRW in January this year, more than doubling the original price. The ‘Chungbuk Innovation Richville,’ which moved in November of the same year, also saw its 84㎡ units traded for about 420 million KRW in January this year, nearly double the sale price.

Experts say, “As related companies move into Chungbuk Innovation City and infrastructure is established, residential preference has increased. In 2 to 3 years, when the Eumseong Corporate Complex City is fully developed, its value will be recognized, and the residential center axis of Eumseong County will shift from Chungbuk Innovation City to the Eumseong Corporate Complex City.”

In the B5 block of Seongbon Industrial Complex, Dongmoon Construction is currently offering Eumseong Dongmoon The East on a first-come, first-served basis. Eumseong Dongmoon The East consists of 7 buildings ranging from 2 basement floors to a maximum of 29 floors above ground, with a total of 687 households, all composed of 84㎡ units, which are highly preferred by buyers.

The complex is subject to the price ceiling system, with an average price of about 9 million KRW per 3.3㎡, making it very reasonable compared to surrounding market prices. Additionally, the down payment is fixed at 10 million KRW, and 60% of the intermediate payment can be fully financed interest-free. Most importantly, the initial contract holders are not counted toward the number of houses owned, and resale is possible before ownership transfer registration. As inquiries have increased recently not only from Eumseong and Chungbuk areas but also from the metropolitan area, the remaining units are being sold quickly.

For the first time in the Eumseong area, a private storage space is provided free of charge for each household. The storage space measures 0.9m in width, 1m in length, and 2.1m in height, making storage convenient. Shelves are also provided for organization. It is designed for easy access connected to the basement and underground parking lot. To prevent loss, a digital door lock will also be installed. Community facilities within the complex include a GDR golf practice range (all hitting bays), a fitness center, and a small library.

Currently, a roulette event (summer vacation prizes), a raffle event (styler, home appliances, etc.), and a special appreciation event (Mercedes-Benz, home appliances, etc.) are being held for visitors to the model house.

This content was produced with the assistance of AI translation services.