Gyeonggi Urban Innovation Corporation, achieved the sales performance in excess of 5 trillion Won for the first time in the history of the Corporation!

– Achieved the performances in excess of 176% of the target set at the beginning of the year, which is equivalent to more than 2 trillion Won in monetary value –

– Achieved the debt ratio of 287%, which is in excess of the target for reduction of the debt ratio to 320% set by the Ministry of Government Administration and Home Affairs –

Gyeonggi Urban Innovation Corporation announced on the 30th that the sales performance of a total of 5.815 trillion Won has been achieved this year.

This is the first time that the Corporation achieved sales performances in excess of 5 trillion Won in its history, and exceeded the sales performance target of 2.9 trillion Won set at the beginning of the year by more than 2 trillion Won.

Key contents of the sales included land for residential and commercial complexes in the vicinity of the lakeside park in Gwanggyo New Urban Center valued at 2.85 trillion Won, land for the apartment building in the Jingeon District of the Dasan New Urban Center valued at 600.2 billion Won, land for the apartment building in the Jigeum District in the Dasan New Urban Center valued at 980.7 billion Won and sales of the apartment in the A2-2 block in the Wirye New Urban Center valued at 498.4 trillion Won, etc.

The efforts of all the staffs of the Corporation were the foundation for the achievement of such sales performances in excess of the target. We held resolution conference for promotion of sales in March and October to fortify our volition to achieve sales and ceaselessly urged the sales volition by sharing the sales performances by all the staffs by installing the electronic signboard for the sales performances at the front entrance on the 1st floor of the headquarters building. We also ceaselessly pondered over the appropriate size and time of the sales.

Through these efforts, it is forecasted that the Corporation will be achieving the management performances including the sales revenue of 3.4229 trillion Won, net profit of 122.9 trillion Won and debt ratio of 287%. The debt ratio of 287% is a level that substantially lower than the target for reduction of the debt ratio to 320% set by the Ministry of Government Administration and Home Affairs in 2014. It is highly significant that the debt ratio has fallen to the 200% level for the first time since the commencement of the New Gwanggyo Urban City project in 2006.

Gyeonggi Urban Innovation Corporation, on the basis of such management performances, is planning to assertively pursue the project for the Dasan New Urban Center in Namyangju and NEXT Pangyo Techno Valley, etc. in 2015.