Busan is good

Busan Metropolitan City Secures All 100 Government Residences for the Ministry of Oceans and Fisheries, Begins Full-Scale Move-ins for Relocating Employees and Their Families Today

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Busan Metropolitan City (Mayor Park Heong-joon) announced that it has secured all 100 government residences designated as housing support for the relocation of the Ministry of Oceans and Fisheries (MOF) to Busan, and that relocating employees moving with their families will begin full-scale occupancy today (December 5).

The city completed the delegation procedures for the housing support project on November 28. Busan Metropolitan Corporation, the entrusted agency, subsequently signed jeonse (long-term lease) contracts for 100 apartment and officetel units with the property owner.

Mayor Park Heong-joon will personally visit the residences in Yangjeong-dong, Busanjin-gu at 16:00 today (5th) to welcome the first two families moving in. He plans to greet a family relocating to Busan with their elderly mother, as well as a family with a pregnant mother who will soon give birth in Busan, offering warm words of welcome.

The city successfully fulfilled its commitment to provide government residences—a core component of the housing support plan designed to facilitate the ministry’s swift relocation. Securing these units was one of the most urgent tasks as the MOF relocation to Busan progressed. Without stable housing for relocating employees and their families, smooth settlement would be difficult; therefore, the city prioritized this project to support employees’ initial settlement and transition into daily life.

The 100 residences consist of newly built apartments and officetels located in Yangjeong-dong, Busanjin-gu, with outstanding accessibility that enables travel to the ministry’s temporary office within about 20 minutes.
The residences include 83 apartment units with exclusive floor areas of 70–76 square meters and 17 officetel units. The complex is situated near an elementary school and a subway station, and offers a pleasant residential environment and ample parking, meeting the practical living needs of MOF employees and their families.

This achievement results from close cooperation among the city, the Ministry of Oceans and Fisheries, Busan Metropolitan Corporation, Korea Housing & Urban Guarantee Corporation, and the property owner. Working together, the parties resolved complex negotiations, guarantee requirements, and unit procurement challenges, successfully advancing the project without delay.

Beginning in July, the city reviewed 21 newly built apartment complexes with more than 20 immediately available units, narrowing the options to 10 primary candidates based on rental intent, price, and unit size.
After additional discussions with the MOF, the list was further narrowed to five complexes, and the city conducted in-depth negotiations with owners. Final selection was made through a comprehensive review of MOF preferences, budget, project timeline, and eligibility for jeonse deposit return guarantee programs.

The plan to provide 100 units received strong support from MOF employees. In a preliminary demand survey and subsequent application process, 136 people applied (136 percent), demonstrating high interest. This reflects the confidence in the city’s housing support policies and indicates the determination of relocating staff to settle in Busan.

Busan Metropolitan City and Busan Metropolitan Corporation completed all preparations before the first move-ins, including unit-by-unit facility inspections, defect checks, and establishment of a move-in guidance system.
To minimize inconvenience during the initial settlement phase, the city will continue to provide administrative support in cooperation with Busan Metropolitan Corporation and will monitor the settlement process of relocating employees and their families to offer necessary assistance.

Mayor Park Heong-joon stated, “The relocation of the Ministry of Oceans and Fisheries is more than just an institutional move; it marks an important turning point for Busan as it advances toward becoming a global hub maritime city. Today’s first move-in is a meaningful moment as relocating employees and their families begin building their lives in Busan.”
He added, “I hope these residences will serve as a strong starting point for a comfortable and stable new life in Busan, and the city will continue to provide support and cooperation to ensure that the relocating institution and the local community can grow together.”