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International Finance Centre Seoul (IFC) - 553a3353-7ae1-4d57-a401-1c75cf47b307

International Finance Centre Seoul (IFC)

Achieving next-level sustainability by making smart smarter

Overcoming complexity

At the heart of South Korea's Yeouido financial district stands the landmark International Finance Centre Seoul (IFC). The mixed-use center spans an impressive 505,000 square meters, comprising soaring office towers that range between 29 to 56 stories, as well as the Conrad Seoul hotel and bustling IFC Mall. Balancing diverse building systems to achieve operational efficiency whilst meeting tenants' needs is an ongoing challenge for the IFC Seoul property management. With rising pressure to participate in further ESG initiatives and to meet decarbonization ambitions, the team turned to their trusted partner, Siemens.

IFC Seoul project in Seoul (Korea) done with Asset Management customer. Only use with regards to IFC Seoul customer reference. Permission granted by customer (IFC Seoul AM) to use image for Siemens Website.
IFC Seoul project in Seoul (Korea) done with Asset Management customer. Only use with regards to IFC Seoul customer reference. Permission granted by customer (IFC Seoul AM) to use image for Siemens Website.

Accelerating sustainability goals

Proudly boasting the prestigious LEED certification and being recognized by the Korea Green Building Council as a domestic green building, IFC Seoul stands as a testament to its commitment to sustainability. However, maintaining these certifications comes with its own set of challenges, particularly with occupancy levels remaining consistently above 98%.The first step to achieving the sustainability and cost targets was to sit down as strategic partners and establish a set of critical Key Performance Indicators (KPIs), including reducing energy usage and CO₂ emissions, and improving overall building performance.

Designing a smart solution

Siemens has been a partner to IFC Seoul since 2010, when we installed the latest Building Management System (BMS), fire safety, and security systems. As the customer’s needs evolved, we looked to leverage Siemens Xcelerator, our approach to seamless digital transformation, to deliver a fully connected, scalable solution. Now a cloud-based energy monitoring platform allows IFC Seoul to optimize building systems and improve operational efficiency. Additionally, our digital building services enabled the center to transition from traditional reactive maintenance to predictive strategies for more informed operational decision-making.

IFC Seoul project in Seoul (Korea) done with Asset Management customer. Only use with regards to IFC Seoul customer reference. Permission granted by customer (IFC Seoul AM) to use image for Siemens Website.
The digital solution provides IFC Seoul with data accuracy and transparency that allows them to optimize building performance and meet their sustainability KPIs. There’s a level of trust in our digital services that the customer uses to determine investment decisions.
Mr. SangHyun Park, Head of Siemens Korea

A solution for the future

Solutions from Siemens have helped IFC Seoul to improve building performance to ensure uninterrupted environmental comfort for its tenants, to meet their needs as they work, stay and shop in the mixed-use center. The improvements also contribute to increased asset value and support their ESG objectives and carbon neutral strategy.

forecasted annual savings

energy savings

higher operational efficiency

We appreciate the customer-first approach of Siemens sales and service teams. Through program enhancements aimed at energy savings, we are taking a step closer to our commitment for ESG management.
Mr. IlYoun Choi, IFC Seoul