Busan is good

The Busan Metropolitan City (Mayor Park Heong-joon) Holds Briefing Session on the Evolving “Busan-style Public Urban Renewal Project”

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The Busan Metropolitan City (Mayor Park Heong-joon) announced that it will hold a briefing session on the evolving “Busan-style Public Urban Renewal Project” on June 11 (Wednesday) from 14:00 to 16:00 at the International Conference Hall of City Hall.

The session is held under the theme of “Urban Renewal Projects Harmonizing Public and Private Sectors,” and introduces a new model of urban renewal distinct from large-scale, resident-proposed redevelopment and reconstruction projects.

About 250 participants are expected to attend, including representatives from LH (Korea Land and Housing Corporation), the Korea Real Estate Board, Busan Metropolitan Corporation, and professionals from architectural and urban planning fields.

Key presentations will include:

• ●The city's small-scale housing renewal management zones and the plan proposal system

• ●Support programs for local governments by the Korea Real Estate Board’s Small-Scale Housing Renewal Integrated Support Center

• ●LH’s participatory management zone models and project plans

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What is the “Evolving Busan-style Public Urban Renewal Project”?

This new approach focuses on improving deteriorated low-rise residential areas where large-scale development is difficult due to mixed housing conditions.
The city proactively leads planning to reduce project timelines and resident costs.

1. Small-Scale Housing Renewal Management Zone Plan

• ●Targets areas where new and old housing coexist and large-scale development is challenging

• ●Management zones are designated for integrated planning, including new apartments, widened roads, parking lots, parks, libraries, and daycare centers

• ●Incentives include eased building regulations and streamlined project approval

• ●Requirements: Area under 10,000㎡, with more than half of buildings classified as old or substandard

• ●Skips pre-approval committee formation and allows direct implementation, reducing the project period by up to 10 years

2. Plan Proposal System (introduced in 2024)

• ●Residents propose a boundary for renewal

• ●Local districts decide on planning; the city provides basic direction

• ●City and district governments jointly prepare the plan, ensuring public benefit and feasibility

• ●Expert project teams assist each case from planning to implementation

• ●Reduces planning time by approximately 10 months compared to traditional feasibility reviews

• ●Basic direction considers coverage ratio, floor area ratio, height, terrain, and regional characteristics

• ●Financial support from the city alleviates initial planning costs (KRW 800–1,000 million reduction)

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Event Overview

• ●Title: Briefing Session on the Evolving Busan-style Public Urban Renewal Project

• ●Theme: Urban Renewal Projects Harmonizing Public and Private Sectors

• ●Date & Time: June 11, 2025 (Wednesday), 14:00–16:00

• ●Venue: 12F International Conference Hall, Busan City Hall

• ●Host: Housing and Architecture Bureau, Urban Renewal Division

• ●Participants: Korea Real Estate Board, LH, BMC, architectural/engineering experts, local government officials (approx. 250 attendees)

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Detailed Schedule

Time	Program	Speaker/Note
14:00–14:05	Welcome Video & Remarks	Mayor
14:05–14:10	Opening Address	Vice Mayor for Future Innovation
14:10–14:35	Small-Scale Housing Renewal Management Zone Plan	Urban Renewal Division Director
14:35–14:50	Plan Proposal System	Urban Renewal Division Director
14:50–15:10	Support Programs from Korea Real Estate Board	Korea Real Estate Board
15:10–15:30	LH’s Participatory Management Zone Model & Project Plan	LH
15:30–15:55	Q&A and Suggestions	All participants
15:55–16:00	Closing Remarks	Moderator

Note:
As of this briefing, Busan has not yet designated any official management zones, but the city plans to actively support their development through budget allocation and cross-agency collaboration.

Kim Gwang-hoe, Vice Mayor for Future Innovation, remarked:

“The central government is also working to improve infrastructure in aging low-rise residential areas through similar initiatives and national funding.
We hope to provide new project direction to architects, engineers, and construction professionals in Busan, contributing to revitalization of the regional economy.”