Busan is good

The area is a dedicated zone for foreign-invested companies, attracting global firms in new growth engine industries, advanced technology- and high-tech product-related industries, materials, parts, and equipment industries, and is positioned as a core hub for future growth. Lease terms of up to 50 years are available for investments equal to or exceeding the land value, to be fulfilled within five years from the lease agreement date.

A future-oriented waterfront city is under development around river systems, with a premium waterfront living environment created through a mixed-use space integrating residential, commercial, business, arts, and cultural functions. The area is positioned as a strategic hub, leveraging excellent regional transportation networks and geopolitical advantages, including Busan New Port, Gimhae International Airport, the Busan New Airport(Gadeokdo), New Port Hinterland Railways, and the Namhae Expressway.

Phase 1:

For this international gateway, mixed-use functions are developed, including waterfront and port facilities as well as public content.

Phase 2:

Through the redevelopment of the port area, railway facilities, and surrounding aging industrial and residential zones, the project fosters mixed-use functions such as residential, commercial, business, accommodation, tourism, and MICE.

Phase 3:

Waterfront spaces are expanded and economic innovation is advanced, building on Phases 1 and 2 of the North Port redevelopment.

The project develops international business facilities, foreign educational institutions, medical facilities, hotels, convention centers, and ecological parks to create a Northeast Asia–oriented international business district and provide a high-quality living environment for international business and maritime professionals and foreign residents.

The area is developed as a hinterland complex supporting a Northeast Asia–focused logistics hub port, while strengthening the port logistics sector to advance Busan as a leading maritime city.

In linkage with Centum City, the district is developed as an advanced ICT convergence and knowledge-based services valley, while fostering a startup ecosystem and nurturing a youth employment–centered innovation town.

Financial infrastructure is being expanded through the phased development of a digital finance cluster and the designation of a Financial Opportunity Development Special Zone, while laying the foundation for the concentration of financial functions and the creation of a robust digital finance ecosystem.

The city is developed to support airport-related functions, deploy diverse urban functions linked to the tri-port economic network and surrounding development projects, and emerge as an international business–focused hub city.