IFC Seoul

What IFC Seoul does

IFC Seoul (International Finance Centre Seoul) is a large mixed-use commercial complex located at 10 Gukjegeumyung-ro, Yeouido-dong, Yeongdeungpo-gu, Seoul, positioned within Yeouido — Seoul's primary financial district. The complex comprises three office towers (One IFC, 32 floors and 90,010.50 m²; Two IFC, 29 floors and 78,043.05 m²; Three IFC, 56 floors and 161,532.98 m²), the 434-room Conrad Seoul Hotel operated by Hilton Worldwide, the IFC Mall (3 basement levels with 110+ retail and F&B brands including H&M, Zara, Uniqlo, CGV cinema, and Youngpoong Bookstore), and supporting facilities including The Forum at IFC (conference facilities), The Smart Suites at IFC (serviced offices), and approximately 2,100 parking bays across basement levels B4-B7. Total gross floor area is 506,205 m². The asset holds LEED Gold (November 2013), WELL HSR (December 2023), and Korea Green Building Council certifications, with sustainable features including rainwater harvesting, solar thermal hot-water systems, air purification, and an LPR-enabled parking system.

The complex serves two primary enterprise verticals: domestic and international financial institutions (Deloitte Anjin LLC, BNY Mellon, CLSA, AIG, Daiwa Securities) and multinational corporations (IBM Korea, Sony, OTIS, Philip Morris, Jones Lang LaSalle, Beiersdorf, McKinsey & Company). Retail and hospitality serve secondary segments: fashion, F&B, and entertainment tenants in IFC Mall, and business/leisure travelers at Conrad Seoul.

Revenue is generated through five streams: office leasing across three towers (98% pre-leasing achieved before opening), IFC Mall tenant leases, Conrad Seoul Hotel operations via Hilton's global reservation system, conference facility rentals at The Forum at IFC, and serviced office rentals at The Smart Suites at IFC, supplemented by parking and visitor management services. Distribution is handled by JAT Advisory for office leasing and SIFC Property Korea for mall operations and asset management. The project originated as a public-private joint venture between Seoul Metropolitan Government and AIG Global Real Estate (MOU June 2003), with AIG Korean Real Estate Development YH formed as the asset-management special purpose vehicle and 1.06 trillion KRW of development finance closed in December 2006; the complex opened in August-November 2012 and is currently associated with Brookfield as part of its real estate portfolio. The legal entities are private Korean limited companies (유한회사/YH) and the asset is not publicly listed.

Name

IFC Seoul

Legal name

International Finance Centre Seoul (서울금융국제센터)

Website

https://ifcseoul.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

51–100 employees

Short description

IFC Seoul is a 506,205 m² mixed-use commercial complex in Yeouido, Seoul's financial district, comprising three office towers, the Conrad Seoul Hotel, and IFC Mall, serving financial institutions, multinational corporations, and retail and hospitality tenants.

Ownership category

akta.pro rank

Product category

Commercial Real Estate (Mixed-Use Property)

NAICS

Hotels (except Casino Hotels) and Motels (72111)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Integrated Full-Service Hotel Complexes (Mixed-Use) (THAGAAAL)

akta.pro secondary industries

Corporate Conference Center Hotels (THAGALAF), Large-Scale Headquarters Convention Hotels (THAGALAH)

Keywords

• Commercial real estate
• Mixed-use development
• Office leasing
• Property management
• Retail leasing

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Office Leasing: IFC Seoul generates primary revenue from leasing office space in three towers (One IFC 32 floors, Two IFC 29 floors, Three IFC 56 floors) to financial institutions and multinational corporations. The property achieved 98% pre-leasing rate before opening.
2. IFC Mall Operations: The retail mall generates revenue from leasing space to fashion brands, restaurants, CGV cinema, and other retail tenants. Houses over 110 brands including H&M, Zara, Massimo Dutti, Hollister, Uniqlo, and features 9-screen CGV premium cinema and Youngpoong Bookstore.
3. Conrad Seoul Hotel Operations: Conrad Seoul Hotel, operated by Hilton Worldwide, provides 434 rooms of smart luxury accommodation along with restaurants (37Grill, Atrio, Flame, Zest), meeting facilities, fitness club and spa. Hotel serves as the hospitality component of the mixed-use complex.
4. The Forum at IFC Conference Facilities: Meeting and conference room rental services including Brookfield Hall (boardroom, 47 seats) and IFC Hall (multi-purpose, 40-240 seats) for tenant and external use, with hourly and package pricing.
5. The Smart Suites at IFC: Premium small furnished office rental service located on Two IFC 12th floor, offering flexible lease terms for businesses seeking plug-and-play office solutions.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

IFC Seoul is a large mixed-use commercial complex in Yeouido, Seoul's primary financial district, comprising three Grade-A office towers, the Conrad Seoul hotel operated by Hilton Worldwide, the IFC Mall retail center, conference and event facilities, and parking. The complex is designed to anchor multinational corporations, financial institutions, retail tenants, and business travelers within a single integrated destination.

Product overview

IFC Seoul is a large mixed-use commercial complex in Yeouido, Seoul's financial district, comprising three office towers (One IFC, Two IFC, Three IFC), Conrad Seoul Hotel (5-star, 434 rooms), IFC Mall (international-style shopping), The Forum at IFC (conference facilities), and The Smart Suites at IFC (furnished offices). The complex covers approximately 506,205 m² and serves as a landmark business hub for domestic and international financial institutions and multinational corporations. Supporting services include a visitor reservation system, parking facilities, and tenant portal access.

Differentiator

Problem solved

Functional benefit

Brands

• Conrad Seoul: Luxury five-star hotel within IFC Seoul complex operated by Hilton Worldwide, featuring 434 rooms with smart luxury concept.
• IFC Mall
• The Smart Suites at IFC
• The Forum at IFC

Products and services

• IFC Seoul Office Towers Three Grade-A office towers in Yeouido providing premium office space for lease to financial institutions, multinational corporations, and professional services firms in Seoul's primary financial district.
• Conrad Seoul Hotel Luxury hotel operated under the Conrad brand by Hilton Worldwide, serving business and leisure travelers with rooms, F&B outlets, spa, and event venues.
• IFC Mall Seoul Premium retail and dining mall integrated into the IFC Seoul complex, leasing space to luxury, premium, and F&B brands serving office workers, hotel guests, and Seoul shoppers.
• IFC Seoul Conference and Event Facilities Conference, meeting, and event spaces within the IFC Seoul complex available for corporate meetings, conferences, banquets, and private events.
• IFC Seoul Parking Facilities On-site parking facilities serving office tenants, hotel guests, mall shoppers, and event attendees at the IFC Seoul complex.

Quantifiable outcome

• Achieved 98% pre-leasing rate before opening
• +2 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Hilton Worldwide (Conrad Seoul Hotel)coreStrategic or Co-development Partner · 1 November 2009Hilton Worldwide operates Conrad Seoul Hotel within IFC Seoul as a 5-star smart luxury hotel with 434 rooms. Hotel lease agreement signed November 2009, opened August 2012. Hotel has won multiple awards including Condé Nast Traveler's Readers' Choice Awards (5 consecutive years) and World Travel Awards (8 consecutive years).
• ArquitectonicacoreTechnology or IntegrationArquitectonica is the master planning and architectural design firm for IFC Seoul. Headquartered in Miami, Florida with offices in 10 cities including New York, Paris, Madrid, Dubai, Hong Kong, and Shanghai. Known for distinctive crystalline exterior design and hi-tech architectural style.
• BenoycoreTechnology or IntegrationBritish interior design and architecture firm responsible for IFC Mall design. Has designed major retail projects including Westfield London, Elements Hong Kong, and ION Singapore. Provides interior design and graphic design services for the international-style shopping mall.
• LRF DesignerscoreTechnology or IntegrationHong Kong-based interior design firm responsible for Conrad Seoul Hotel design. Offers space design, feasibility studies, furniture design, lighting design, and project management services. Known for modern and sophisticated design concepts.
• JAT AdvisorycoreChannel Partner/ Reseller/ DistributorOffice leasing agent for IFC Seoul. Manages tenant relationships for office space leasing to financial institutions and multinational corporations. Contact: James Tyrrell (Executive Director).
• SIFC Property KoreacoreChannel Partner/ Reseller/ DistributorAsset management company for IFC Seoul operations. Handles retail mall operations, property management, event programming, and tenant services. Manages IFC Mall and overall property administration.
• BrookfieldminorChannel Partner/ Reseller/ DistributorBrookfield Hall, a boardroom facility within IFC Seoul, is named in partnership with Brookfield. Located on Two IFC 3rd floor, offers executive meeting facilities for up to 47 people with simultaneous interpretation and AV equipment.

Scale indicators9 records

Recent moves17 records

Expansion highlights4 records

Broad incumbents

• Swire Properties: Developer/owner of East Pacific Centre, Taikoo Place, Pacific Place, and Citygate Outlets in Hong Kong/China. Major Asian landlord operating large integrated office-and-retail portfolios with high-end multinational and financial tenants.
• Hongkong Land: Owner and developer of prime Central Hong Kong and Singapore office and luxury retail including LANDMARK and Marina Square. Operates Asian Grade-A office assets analogous to IFC Seoul's positioning in a financial district core.
• CapitaLand Integrated Commercial Trust: Singapore-listed REIT owning Raffles City Singapore, Plaza Singapura, and several Grade-A office and retail assets across Asia. Comparable as a large-scale operator of integrated office/retail mixed-use real estate serving multinational tenants in Asia.

Direct peers

• Lotte World Tower: 555m Seoul landmark mixed-use tower with Lotte World Mall, Signiel hotel, office floors, and observation deck — the most direct Korean benchmark for IFC Seoul given overlapping office-plus-retail-plus-hotel mix and prime Seoul CBD location.
• Marina Bay Sands: Iconic Singapore integrated resort by Las Vegas Sands with three hotel towers, convention centre, retail mall, and luxury amenities. Comparable as a flagship landmark mixed-use complex driving hotel, retail, and MICE revenues in an Asian financial/tourism hub.
• Tokyo Midtown: Mitsui-led mixed-use complex in central Tokyo combining Class-A office, The Ritz-Carlton hotel, luxury retail, and conference facilities — analogous integrated-use asset serving premium multinational tenants in a major Asian financial center.
• Pacific Place Hong Kong: Swire Properties' flagship Hong Kong mixed-use development with three Grade-A office towers, JW Marriott hotel, and luxury mall — directly comparable premium Asian mixed-use asset targeting multinational and financial tenants.
• IFC Hong Kong: Sister mixed-use International Finance Centre complex in Hong Kong — three towers (including Two IFC designed by César Pelli), Four Seasons hotel, IFC Mall, and direct subway connectivity. Operated within the Brookfield/AIG global IFC portfolio; same integrated office-plus-hospitality-plus-retail model addressing international financial tenants.

Emerging players

• The Exchange TRX (Lendlease): Kuala Lumpur's new flagship integrated development (Grade-A office, luxury retail, JW Marriott, park). Comparable as a next-generation Asian mixed-use landmark targeting premium multinational and financial occupiers.

Regional players

• COEX (Conventions and Exhibitions Center): Large convention and exhibition venue in Gangnam, Seoul, integrating COEX Mall, hotels, and office space. Comparable Seoul-based commercial-mixed-use complex with MICE and retail amenities, though primarily Korean-domestic rather than international-tenant focused.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ifcseoul

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IFC Seoul