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Busan Metropolitan City Designates Approximately 371,000 Pyeong of Eco Delta City in Gangseo-gu as a New Opportunity Development Zone

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Busan Metropolitan City (Mayor Park Heong-joon) announced that, through the Ministry of Trade, Industry and Energy’s “Integrated Public Notice on the Designation of Opportunity Development Zones,” part of the Phase 1 industrial land at Eco Delta City in Gangseo-gu, totaling 371,000 pyeong, will be newly designated as an Opportunity Development Zone.

With this designation, the city secures its third Opportunity Development Zone, following two designations in 2024, becoming the first metropolitan city to obtain three such zones.

This new designation reflects the comprehensive high evaluation of Eco Delta City’s strengths, including its large-scale power supply capacity and favorable conditions for fostering advanced industries based on a smart city infrastructure.

The city pursued the application for the zone after completing preliminary procedures such as a survey of corporate demand, review of infrastructure, and consultations with relevant ministries.

In the Eco Delta City Opportunity Development Zone, a total of 14 companies plan investment of 5.3615 trillion won and the creation of 965 jobs, centered on data centers, mobility, and robotics industries.

The applied area is an advanced smart city built on integrated infrastructure linking a data industry site with a research and development (R&D) zone. It aims to build a virtuous-cycle industrial ecosystem that nurtures mobility and robotics industries together, with data centers serving as the core hub.

In addition, Eco Delta City is the first area in the country to be designated as a Distributed Energy Special Zone, offering an optimal location where stable power supply and energy cost competitiveness can be secured for large-scale power demand industries such as data centers.

The city plans to link the Distributed Energy Special Zone with the Opportunity Development Zone to create an investment environment supported by energy infrastructure.

With designation as an Opportunity Development Zone, resident companies will receive various tax and financial incentives, including corporate and income tax reductions, acquisition and property tax reductions, additional local investment promotion subsidies, and support for specialized workforce development programs.

Through these measures, the city plans to promote private investment in future industries and accelerate the creation of local jobs and the transformation of the industrial structure.

Meanwhile, through this integrated public notice, the Dongbusan E-PARK General Industrial Complex in Gijang-gun, which had been under conditional designation due to unmet power supply conditions, will be finally confirmed as an Opportunity Development Zone upon completion of the required conditions.

Accordingly, companies located in the industrial complex will also be able to receive tax reductions and various support benefits provided under the Opportunity Development Zone program.

Mayor Park Heong-joon said, “Following two designations in 2024, this third Opportunity Development Zone designation is an achievement that demonstrates Busan’s transition into a city centered on future industries,” adding, “We will ensure follow-up support and additional zone designations proceed without disruption so that corporate investment and job creation translate into tangible results.”