Under Construction

Yongsan International Business District

Yongsan International Business District is the largest development ever undertaken in South Korea, a 495,000 square metre vertical city rising on a disused rail maintenance yard in Yongsan-gu, between Seoul Station and the Han River.

Official Website
TMW IntelligenceVerified Oct 7, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
11.27.25
Start
2030
Completion
100
Floors
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Details

40-1 Hangang-ro 3-ga, Seoul. 100 floors. Broke ground November 2025, completing 2030.

The story so far
Announced Feb 5, 2024Seoul finalises Yongsan International Business District plan: a 100-storey landmark and sky trail on a 495,000 sq m former rail yard
m.koreaherald.com
Broke ground Nov 27, 2025Groundbreaking held: the Seoul Metropolitan Government broke ground on the 51.1 trillion won Yongsan International Business District at 40-1 Hangang-ro 3-ga, restarting a site idle for 12 years
cm.asiae.co.kr
Under construction Nov 27, 2025Seoul breaks ground on the 51 trillion won Yongsan International Business District, 12 years after the original scheme collapsed
asiae.co.kr
Land sales set for 2026 Dec 2025Seoul is holding the Yongsan International Business District on its 2026 land disposal schedule despite the transport ministry pressing to include the site among state assets barred from sale
cm.asiae.co.kr
Housing count in dispute Jan 29, 2026the national government's Jan 29 housing measures lifted the district's planned homes from 6,000 to 10,000, while Seoul caps it at 8,000 to protect the business-hub brief; Land Minister Kim Yoon-Deok and Mayor Oh Se-hoon met again in July without agreement (Kyunghyang Shinmun; Seoul Economic Daily)
khan.co.kr
Housing-count dispute stalls land sale Jul 2026national government pushes 10,000 homes vs Seoul's 8,000 cap, delaying the phased sale of 18 parcels and the KEPCO substation relocation (Money Today; Dnews 2026-03-13)
mt.co.kr
Expected opening 2030
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About the project

Yongsan International Business District is the largest development ever undertaken in South Korea, a 495,000 square metre vertical city rising on a disused rail maintenance yard in Yongsan-gu, between Seoul Station and the Han River. Led by the Seoul Metropolitan Government with Korea National Railway, the roughly 51 trillion won masterplan stacks offices, housing, hotels, retail, culture and parkland into a single walkable district, with an average floor area ratio near 900 percent and a maximum of 1,700 percent on the landmark plot. Its centrepiece is a tower of about 100 storeys carrying observation decks and visitor attractions at its summit, linked to neighbouring high-rises by an elevated sky trail. Seoul is pairing the density with close to 500,000 square metres of green space, threading gardens from basement levels through podiums to rooftops so the built footprint is matched acre for acre by landscape. The district is planned as a smart city testbed for AI, digital twins, energy and advanced logistics, and is intended to draw global corporate headquarters to a site that sits within minutes of Seoul Station and Yongsan Park.

Common questions

Frequently asked

Where is Yongsan International Business District located?

Yongsan International Business District is located in Seoul.

When will Yongsan International Business District be completed?

Yongsan International Business District is under construction, with completion expected in 2030.

Who is developing Yongsan International Business District?

Seoul Metropolitan Government, Korea National Railway is the developer behind Yongsan International Business District.

How big is Yongsan International Business District?

Yongsan International Business District rises 100 stories.