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Busan Metropolitan City Removes Key Growth Barriers for Returning Companies… Eases Industrial Complex Occupancy Regulations

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Busan Metropolitan City announced that it has resolved regulatory obstacles hindering the growth of companies returning to Busan by amending industrial complex plans.

○ BMT Co., Ltd. signed a memorandum of understanding with the city in 2020 and completed the relocation of its business site to an industrial complex in Gijang-gun in 2023.
○ The city has recently completed amendments to the industrial complex plan to allow the installation of a painting process, which is required by the company, in its second plant currently under expansion.

The city actively worked to address corporate difficulties by leading consultations with relevant institutions during the industrial complex plan amendment process.

○ Under the Environmental Impact Assessment Act, changes to industrial complex plans exceeding a certain scale* require a review of environmental conservation measures, which had caused difficulties for the company in expanding its factory and introducing the painting process.

• ●Less than 150,000㎡: Strategic Environmental Impact Assessment; 150,000㎡ or more: Environmental Impact Assessment

○ In response, the city proposed additional measures during consultations with relevant institutions to reduce pollutant emissions by more than 50 percent compared to permitted emission standards through the installation of pollutant treatment facilities, thereby addressing concerns over environmental damage.

The city also supported the consultation process to ensure sufficient communication between the company and local residents.

○ As a result, through cooperation between the city and the company, the industrial complex plan amendment process was recently completed, removing obstacles to the relocation of the process.

This measure is evaluated as a result of the city’s proactive response reflecting voices from the field.

○ The city expects that this measure will enable the company to expand its factory and achieve stable growth in Busan.

The city is also accelerating the implementation of the industrial complex industry structure reorganization plan announced on March 31 by collecting opinions from tenant companies.

Kim Bong-cheol, Assistant Mayor of Digital Economy Office, stated, “While regulations on industrial complex occupancy industries are necessary from a management perspective, they also act as constraints on business activities and place a burden on tenant companies,” adding, “We will continue to proactively respond to institutional improvements that restrict business activities.”