Busan is good

KRW 980 Billion in Investment, 6,000 Jobs Are Coming to Busan!

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Mayor Park Heong-joon will visit the construction sites of the Lotte Shopping Automated Logistics Center (CFC), BGF Retail Logistics Center, and Coupang Logistics Center in Gangseo-gu today (1st) at 1:00 p.m. to personally inspect the progress of major investment projects and engage in on-site communication to reinforce the virtuous cycle of regional job creation.

This site visit was arranged to hear directly from companies about creating optimal investment conditions and regional job creation at actual sites where Busan Metropolitan City has successfully attracted investment, thus establishing itself as a favorable global hub city for businesses under Mayor Park’s administration.

The city has conducted customized investment attraction efforts targeting domestic and international companies, such as a full revision of the “Corporate and Investment Promotion Ordinance,” designating dedicated public officials for each investment site, securing land for development, and expediting administrative permits. Through these efforts, the city has consistently expanded incentives to attract corporate investment.

As a result, during Mayor Park’s 8th term in office, Busan has secured large-scale corporate investments totaling approximately KRW 11.5 trillion, thereby steadily laying the groundwork for the city’s future industries.

Lotte Shopping Logistics Center (CFC)
At the Lotte Shopping Automated Logistics Center (CFC), Kang Sung-hyun, CEO of Lotte Shopping Mart and Super, personally participated to share Lotte’s new vision for online grocery business and discuss ways for joint growth between Busan and Lotte.

This logistics center is the first in Korea to adopt the UK-based Ocado system, which uses robotics and AI technology. Mayor Park, CEO Kang, and others toured the advanced logistics system including cold, refrigerated, and ambient storage.

The center, covering 41,000 m², has received approximately KRW 100 billion in investment. Construction began immediately after the signing of the MOU in March 2023 and is scheduled to be completed in August 2025. The project is expected to create 2,000 new jobs in production management, operations, and delivery.

BGF Retail Logistics Center
The BGF Retail Logistics Center, currently at 30% construction progress, was also visited to inspect the status and hear the company’s project vision.

It is the largest logistics center among BGF’s facilities, with a total floor area of approximately 128,000 m². About KRW 110 billion has been invested. Following the MOU in August 2021, construction began in September 2024, with completion scheduled for the second half of 2026. It will serve as a global hub for K-convenience store exports and is expected to create 800 new local jobs.

Coupang Fulfillment Center
The Coupang Logistics Center, also at 30% construction progress, was the next stop. This 197,000 m² facility has attracted approximately KRW 100 billion in investment. It will be equipped with advanced logistics systems utilizing AI and big data technologies.

After the MOU signed in June 2021, construction began in May 2024 and is scheduled for completion in the second half of 2026. It is set to become a key base for Coupang’s overseas expansion and is projected to create 3,000 new jobs.

Including the companies visited today, recent investments in companies such as Nongshim, concentrated in the Gangseo-gu area—which boasts world-class logistics infrastructure like Busan New Port—are expected to result in the attraction of private capital worth KRW 986 billion and the creation of 6,000 new jobs.

In particular, Nongshim, which signed an MOU with the city in October 2024, has begun construction of a dedicated export production plant on surplus land at its Noksan Factory in Gangseo-gu.

This new plant, with an investment of KRW 220 billion, is scheduled for completion in the second half of 2026. It will serve as an export hub for K-ramen and incorporate advanced smart factory technologies using AI. The facility is expected to create 150 new jobs and secure sufficient production capacity to meet growing export demands.

Mayor Park Heong-joon emphasized, “This large-scale investment project is a representative case of our administration’s core philosophy—making Busan a business-friendly city. Based on our excellent logistics infrastructure and administrative support, we will continue to strengthen the virtuous cycle of private investment and job creation while spearheading innovation and building a foundation for future growth, ensuring that corporate success directly contributes to Busan’s advancement.”