Geographically Advantageous 'Eumseong Umirin Full House' Draws Attention

- Rapid Access from Seoul and Other Capital Areas
- Companies Also Focusing on Eumseong... 16 Industrial Complexes Established

Real estate in the metropolitan boundary areas is gaining attention. These areas have excellent accessibility to Seoul and active corporate investments, making it highly likely that property prices will rise. In particular, the prices are absolutely affordable, which is why they are considered to have a high 'safety margin,' attracting interest from both buyers and investors.

A representative metropolitan boundary area is Eumseong in Chungbuk. It takes about 1 hour and 30 minutes by car from Seoul. Thanks to this geographical advantage, many companies are gathering here, and local governments are actively attracting businesses.

According to Eumseong County, as of January this year, 543 companies have settled in the area. There are as many as 16 completed industrial complexes, with an additional 10 planned to be established.

These companies are generating tremendous added value. According to Statistics Korea, as of 2021 (the latest data), the Gross Regional Domestic Product (GRDP) of the Eumseong area increased by 11.5% compared to the previous year, reaching 9.2437 trillion KRW, maintaining second place in the province for eight consecutive years. The per capita GRDP recorded 91.53 million KRW, nearly double the Chungcheongbuk-do average of 46.12 million KRW, ranking first in the province.

This not only revitalizes the local economy but also leads to large-scale job creation. As of 2023, Eumseong County achieved an all-time high employment rate of 78.5% for those aged 15 to 64, according to OECD standards. This figure rose by 3.2 percentage points compared to the same period last year.

Recently, there has been an investment boom in the foreign investment zone within the Seongbon Industrial Complex in Eumseong. A KOSDAQ-listed company that develops, produces, and sells separators for secondary batteries is establishing itself on a 99,168㎡ site here. WCP Co., Ltd. signed an agreement to invest about 130 billion KRW in the Seongbon Industrial Complex to expand its premium separator coating facility business.

The expected employment is about 500 people, with construction starting in 2025 and completion targeted for 2027. WCP Co., Ltd. is a continuously growing company that owns the world's longest 5.5m wide separator production line. Recently, it has been preparing to operate a factory in Hungary and is also pushing for expansion into North America.

[Voice Umirin Full House Perspective View]

As investment fever ignites in Eumseong, apartment sales currently underway are progressing smoothly. The standout is the ‘Eumseong Umirin Full House.’ It is a large apartment complex with 1,019 households located in Block B4 of the Seongbon Industrial Complex in Eumseong County. Including this apartment, about 5,000 households will be built in the Seongbon Industrial Complex area. With a large influx of new apartments, living conditions are expected to improve significantly, and the population is anticipated to increase substantially.

The excellent product features also attract attention. For the first time in Eumseong, an indoor swimming pool equipped with a toddler pool and shower facilities will be built within the complex, along with diverse community facilities such as a fitness club, indoor golf practice range, study room, and a small library. An elementary school (planned) will be located next to the complex, providing a good educational environment.

The purchase burden is also low. The sale price of Eumseong Umirin Full House starts at around 8 million KRW per 3.3㎡, with a fixed down payment of 10 million KRW and interest-free installment benefits, along with various free offerings.

A local real estate agent said, “The metropolitan boundary areas centered around Eumseong are ultimately the regions that will rise first in a real estate boom. The perception that the remaining units for sale are priced so affordably that such prices will never be seen again is spreading, so I expect a complete sell-out soon.”