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Busan Metropolitan City Secures the Largest-Ever Industrial Land Supply with the Finalization of the Fifth Industrial Site Supply and Demand Plan

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□ Busan Metropolitan City announced that, in accordance with the results of the Fifth Industrial Site Policy Deliberation Committee convened by the Ministry of Land, Infrastructure and Transport and the Fifth Industrial Site Supply and Demand Plan (2026–2035), it has secured a total of approximately 6.559 million square meters of industrial land over the next 10 years—about 1 million square meters more than under the existing plan.

○ From November 11 to 17, the Ministry of Land, Infrastructure and Transport convened the Industrial Site Policy Deliberation Committee and finalized the Fifth Industrial Site Supply and Demand Plan (2026–2035).

○ The Industrial Site Supply and Demand Plan is a statutory plan established every 10 years in accordance with the Act on Industrial Sites and Development, comprehensively taking into account regional industrial land supply and demand conditions as well as changes in industrial structure.

□ As the city’s growing demand for industrial land and the need to secure a foundation for future new industries were recognized, Busan Metropolitan City was granted the maximum allowable upward adjustment of 20 percent by the Ministry of Land, Infrastructure and Transport. As a result, the city secured a total of approximately 6.559 million square meters of industrial land—an increase of about 1 million square meters compared to the previous plan—enabling more stable implementation of industrial policies over the next decade.

○ To prevent overestimation of industrial land demand, the latest plan strengthens management of industrial land supply and demand by incorporating power and water supply plans as well as the current status of unsold lots in existing industrial complexes—elements that were not reflected in the previous plan.

□ With this additional industrial land secured, Busan Metropolitan City has established a solid foundation to strategically deploy future new industries and steadily 추진 regional strategic projects.

○ Amid intensifying imbalances in industrial land supply and demand driven by recent changes in industrial structure, expanded corporate investment, and the growing need to reorganize aging industrial complexes, the importance of securing a stable supply of industrial land continues to grow.

○ As sufficient industrial land is indispensable for fostering new growth industries such as marine industries, artificial intelligence (AI), robotics, and bio industries, the city expects this plan to strengthen Busan’s industrial competitiveness and accelerate regional strategic projects and key initiatives, including the Haeundae Advanced Science Park and the Tri-Port complex logistics zone.

□ Based on the industrial land secured under this plan, Busan Metropolitan City will pursue the development of new industrial complexes and attract advanced industries, while further upgrading the regional industrial ecosystem through job creation for young people and the cultivation of high value-added industries.

○ The finalized Fifth Busan Metropolitan City Industrial Site Supply and Demand Plan is scheduled to be officially announced through the Busan Metropolitan City Gazette on December 31.

□ Mayor Park Heong-joon commented, “The finalization of the Fifth Industrial Site Supply and Demand Plan goes beyond simply securing land. It represents an important turning point in transforming the structure of Busan’s economy and provides a foundation for strategically nurturing new growth industries and steadily 추진 regional strategic projects. We will continue to do our best to strengthen industrial competitiveness and create quality jobs so that Busan can grow into a city where businesses prosper and young people want to work.”