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Busan Metropolitan City to Establish the “Dongbusan E-Park (Phase 2) General Industrial Complex” with Integrated Residential and Lifestyle Infrastructure… Completion Targeted for 2029

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Busan Metropolitan City Mayor Park Heong-joon announced today (9th) that the city has issued the official notice for the designation plan of the “Dongbusan E-Park (Phase 2) General Industrial Complex.”

○ To establish a new industrial complex, it must first be reflected in the designation plan after demand verification by the Ministry of Land, Infrastructure and Transport and approval by the Industrial Location Policy Deliberation Committee. The city has obtained this additional approval and issued the notice accordingly.

The city will develop the new Dongbusan E-Park (Phase 2) General Industrial Complex in the Giryong-ri, Ori-ri, and Jwadong-ri areas of Jangan-eup, Gijang-gun, covering about 1.14 million square meters, to secure industrial sites for sectors such as secondary batteries and power semiconductors.

The city will especially expand “live-work-play” lifestyle infrastructure for workers by building a support district integrated with residential, educational, cultural, and commercial facilities.

○ Currently, nine existing industrial complexes—including Jangan General Industrial Complex, Myeongnae General Industrial Complex, and Bannyong General Industrial Complex—house approximately 411 companies with 16,466 employees in the Jangan-eup area. The 800,000 square-meter Dongnam Region Radiation Medical Science General Industrial Complex, which will host institutions like the Heavy Ion Accelerator and Research Reactors for Export, is expected to be completed by the end of this year, creating significant demand for labor.

○ However, most of the industrial complexes are located far from the city center, causing commuting inconvenience and a lack of residential and convenience facilities within the complexes, making it difficult to attract young workers.

○ To address this, the city will construct a support district to be shared by industrial workers and local residents. The district will include approximately 1,900 apartment units and land for single-family homes, creating housing close to workplaces and incorporating educational, cultural, and commercial facilities to establish comprehensive lifestyle infrastructure for a self-sufficient industrial complex.

○ The support district, considering residential convenience, will be built about 3 kilometers south of the industrial complex near the Jangan Housing Development District, covering about 270,000 square meters. Up to 50% of the apartment units will be specially allocated to employees of companies moving into the new complex.

○ This initiative is expected to ease commuting challenges and improve quality of life for workers, thereby revitalizing the industrial complex.

The city plans to promptly proceed with administrative procedures and begin full-scale compensation processes in 2026, with the goal of completing the project by 2029.

○ To this end, joint briefing sessions, environmental impact assessments, and traffic impact assessments will be conducted as part of the administrative procedures for obtaining industrial complex plan approval.

○ The total project cost for site development is estimated at approximately KRW 766 billion, and the project will be implemented by a private Special Purpose Company (SPC).

Mayor Park Heong-joon stated, “The creation of a self-sufficient industrial complex with integrated lifestyle infrastructure will generate synergy with previously announced initiatives such as the designation of Opportunity Development Zones and supply of industrial water to East Busan industrial areas. We will focus our efforts to attract leading domestic and international companies and create high-quality jobs. At the same time, we will work to improve the quality of life—including housing and transportation—for industrial workers, and build a vibrant environment where young talents choose to stay.”