Key Metrics
14.45
Heat Index-
Impact LevelMedium
-
Scope LevelNational
-
Last Update2025-08-31
Key Impacts
Positive Impacts (8)
Event Overview
Large-scale urban redevelopment projects exemplify significant investment and transformation of former strategic sites into extensive commercial infrastructure. Such undertakings often signal shifts in land use priorities, evolving economic ambitions, and urban planning trends toward multi-purpose complexes. These projects typically involve complex financing structures, collaboration between public and private entities, and can have profound effects on local economies, employment, and regional urban environments.
Collect Records
MDM Group Launches Surrey Pool Complex Development Project in Korea
MDM Group, led by Chairman Moon Joohyun, has launched the Surrey Pool Complex Development Project in Korea. The project began construction last month on a 96,795 square meter (about 30,000 pyeong) site that was formerly the location of the Armed Forces Intelligence Command. Project financing (PF) for the development amounts to 5.35 trillion won, marking it as the largest ever in Korea. The plan involves building a complex office town consisting of seven basement floors and 19 above-ground floors, with a total floor area of 600,000 square meters (about 180,000 pyeong), and includes five office buildings along with cultural and sales facilities. Chairman Moon described the goal of the Surrey Pool development as creating a world-class landmark office town that integrates office, culture, commerce, and leisure in one location.