SAEMANGEUM DEVELOPMENT CORP.

News

Reports Net Profit of KRW 7.3Billion for Last Year, Marking Second Consecutive Year of Profitability

Saemangeum Development Corporation Reports Net Profit of KRW 7.3 Billion for Last Year, Marking Second Consecutive Year of ProfitabilitySaemangeum Development Corporation (CEO Na Kyunggyun; hereinafter “the Corporation”) announced a net profit of KRW 73 billion last year,marking its second consecutive year of profitability.In 2022, just five years after its founding, the Corporation achieved a significant turnaround by recording a net profit of KRW 3 billion and sustainedthis positive momentum into 2023.A company official stated, “To secure financial resources for the Saemangeum development, we initiated a land-based solar power project.This project has significantly strengthened our financial performance by generating stable additional income since 2022.”CEO Na Kyunggyun commented, “Despite challenges in the real estate market, we remain committed to the successful development of the Saemangeum Smart Waterfront City. Our solid financial foundation strongly supports our ongoing commitment to advancing the Saemangeum development project.”

2024-04-02

News

Saemangeum Development Corporation Welcomes Third CEO, Na Gyeonggyun

Saemangeum Development Corporation Welcomes Third CEO, Na Gyeonggyun-“Fairness and Common Sense” as Core Operational Principles to Achieve Objectives□ Na Gyeonggyun has been inaugurated as the third CEO of Saemangeum Development Corporation (hereinafter “the Corporation”).□ During his inauguration ceremony on the 18th, the newly appointed CEO, Na Gyeonggyun, emphasized that the Corporation, established for the exclusive purpose of Saemangeum’s internal development, must seize opportunities amid the frozen real estate and financial markets, leveraging change to create results despite the uncertain signals of recovery. ㅇ At the forefront of his plans, the CEO urged full dedication to approving the proposed changes in the integrated development plan through a close-knit partnership with the Saemangeum Development and Investment Agency. In addition, he encouraged focusing on on-site safety as a top priority alongside speed to attain the completion percentage goal of the Smart Waterfront City project, pushing for vigilance to prevent safety from becoming mere formalities. ㅇ Highlighting that this year marks the commencement of sales for the Saemangeum Smart Waterfront City, the CEO underscored the crucial juncture for the nation to evaluate the Corporation’s six-year preparation efforts. Expressing resolve, he emphasized the necessity of achieving success in the Waterfront City’s sales by developing a meticulous sales plan incorporating investment attraction strategies. ㅇ Furtherm

2024-03-18

News

Saemangeum Development Corporation Launches Exclusive Website for Waterfront City Promotion

Saemangeum Development Corporation Launches Exclusive Website for Waterfront City Promotion-Providing Detailed Information on Saemangeum Smart Waterfront City’s Plans and Sales □ On the 12th, Saemangeum Development Corporation (hereinafter “the Corporation”) revealed the launch of the “Exclusive Website for Saemangeum Smart Waterfront City Promotion (land.sdco.or.kr),” which enables convenient access to information about Saemangeum Smart Waterfront City from any location at any time.□ In response to the swift digital shift post–COVID-19 pandemic, the Corporation has established a proactive digital promotional platform, the “Exclusive Website for Saemangeum Smart Waterfront City Promotion,” to boost accessibility and comprehension for prospective investors ahead of its initial sales phase.□ The website offers the following key services: △ Basic information on Waterfront City; △ Detailed content on sales, including district unit plan guidelines; △ Project explanation materials such as promotional brochures; and △ Convenient services for potential buyers, such as “Sales Letters.”□ Due to the rising volume of customer consultations regarding sales schedules and plans, “Sales Letters” was introduced to offer personalized services to prospective customers. Moreover, the website services are organized to provide easy and convenient access to information through Frequently Asked Questions (FAQs) on the recent surge in inquiries.□ “Through the launching of this web page, we aim to ac

2024-03-12

News

Initiates Strategic Planning for Its Transformation into an Enterprise-Supporting City

“Saemangeum Smart Waterfront City” Initiates Strategic Planning for Its Transformation into an Enterprise-Supporting City- From February 15 to 16, Saemangeum Development Corporation organized a “hackathon” meeting to discuss proposed changes to its integrated development plan thoroughly, covering development concepts and directions, foundational ideas, specialized approaches, sector-specific plans, and design strategies.- Detailed plans have been explored to transform the city into an “enterprise-supporting city.”□ Under the sponsorship of the Korea Planning Association, the Saemangeum Development and Investment Agency, headed by Director Kim Kyungahn, and the Saemangeum Development Corporation, with acting CEO Lee Jeonghyeon, convened a hackathon meeting on February 15 to 16 at the Ritz Plaza Hotel in Gunsan. The meeting aimed to discuss proposed revisions to the integrated development plan, centering on the theme “Saemangeum Smart Waterfront City as an Enterprise-Supporting City.”* Hackathon: An event in the information technology (IT) sector combining “hacking” and “marathon,” where participants continuously generate ideas and use them to create apps or services within a set time frame.ㅇIn response to the surging demand for corporate residency in Saemangeum, this hackathon meeting aims to finalize the review and discuss proposed amendments to the integrated development plan for Saemangeum Waterfront City as Saemangeum’s inaugural city, addressing the need to enhance reside

2024-02-15

News

Holds Briefing on the Safety Management Process for Contracted Businesses

Saemangeum Development Corporation Holds Briefing on the Safety Management Process for Contracted Businesses- Purpose of Establishing a Self-Regulatory Prevention System for Partner Companies’ Workers -□ To establish an effective industrial accident prevention system, Saemangeum Development Corporation (hereinafter “the Corporation”) held a briefing session on the safety management process for contracted businesses. This session was attended by the CEO, supervisors, and relevant staff.□ This briefing session aims to create an environment that prevents major industrial accidents, extending its scope beyond the Corporation’s workplaces to include contracted businesses. The goal is to foster a working environment where employees from both the Corporation and collaborating partners can work safely and to instill a safety-first management approach and culture.□ The Corporation has overhauled relevant company regulations to comply with the Occupational Safety and Health Act and the Serious Accidents Punishment Act. In addition, the Corporation has conducted training on contractors’ obligations, enforcement procedures, and safety and health level assessments based on the Ministry of Employment and Labor’s safety and health management operational manual for contracted businesses.□ The acting CEO of the Corporation, Lee Jeonghyeon, stressed the importance of understanding regulations and maintaining vigilance to prevent safety incidents. He urged all subcontractors engaged in the Corp

2024-01-17

News

“Best Family-Friendly Management Certified Organization” for Second Consecutive Time

Saemangeum Development Corporation Selected as “Best Family-Friendly Management Certified Organization” for Second Consecutive Time- Pioneering a Culture That Promotes Work-Family Life Balance Through the Implementation of Various Work Systems -□ Saemangeum Development Corporation (hereinafter “the Corporation”) has been selected as a Best Family Friendly Management Certified Organization for the second consecutive time. The Corporation continues to be acknowledged both internally and externally for its exemplary family-friendly management practices, having secured the certification again in 2023 following its initial certification in 2020. This year, it has achieved certifications in three areas: Ffamily-friendly management, human rights management, and fair recruitment.○ Beginning with a paperwork assessment in July, this year’s Best Family-Friendly Management Certification underwent on-site inspections and other evaluations spanning five months. This outcome of this certification has extended the authority of the Best Family-Friendly Management Certified Organization until November 30, 2025.○ During this assessment, the Corporation received high scores in categories like executive management attention and determination, support for childbearing and childcare, and effective use of flexible work policies.※What is the Best Family-Friendly Management Certification? It is a system administered by the Ministry of Gender Equality and Family to assess and certify companies and pub

2023-12-20

News

“Human Rights Management System Certification” for Fourth Consecutive Year

Saemangeum Development Corporation Secures “Human Rights Management System Certification” for Fourth Consecutive YearExtending Respect for Human Rights Beyond Internal Workforce to External Stakeholders□ On the 8th, Saemangeum Development Corporation (Acting CEO Lee Jeonghyeon / hereinafter “the Corporation”) announced that it had received the “Human Rights Management System Certification” for the fourth consecutive year, becoming the first among other public entities under the Ministry of Land, Infrastructure and Transport. ※Human Rights Management System Certification: This certification involves systematically managing an organization’s human rights by defining policies and objectives and having a third party assess and certify the system’s compliance with the requirements for implementation.□ In 2020, the Corporation, having embraced human rights management, established a comprehensive management system for preventing human rights violations, including the declaration of human rights management, operation of a human rights management committee, and development of a human rights management manual. ㅇ In this evaluation, in particular, the Corporation received high praise not only for its commitment to human rights among the internal workforce but also in realizing respect for human rights among external stakeholders through initiatives such as human rights education and supply chain monitoring.□ “The Human Rights Management System certification signifies the culmination of

2023-12-20

News

“Excellent Organization Certification for Fair Recruitment” for Fifth Consecut Year

Saemangeum Development Corporation Secures “Excellent Organization Certification for Fair Recruitment” for Fifth Consecutive Year- The First Public Institution under the Ministry of Land, Infrastructure and Transport to Receive Outstanding Evaluations in Fair Employment Practices for Five Consecutive Years -□ On the 7th, Saemangeum Development Corporation (hereinafter “the Corporation”) proudly announced that it has been accredited with the “Excellent Organization Certification for Fair Recruitment” by the Korea Management Registrar (KMR) for the fifth consecutive year, becoming the first public institution under the Ministry of Land, Infrastructure and Transport to achieve this recognition.□ The Excellent Organization Certification System for Fair Recruitment, established by the KMR, assesses and certifies public institutions or companies that exemplify fair hiring practices, eliminating biased factors in the recruitment process and emphasizing competency-based hiring. ○ The assessment criteria are divided into the following factors: Recruitment System, Recruitment Operations, and Recruitment Performance. The Corporation has received commendable assessments in all these areas in the current evaluation, earning the “Excellent Organization for Fair Recruitment” designation for five consecutive years. ○ In pursuit of equitable and transparent recruitment practices, the Corporation has implemented an NCS-based blind hiring system every year, ensuring a fair selection process cen

2023-12-20