Busan-Jinhae Free Economic Zone
Northeast Asia's Premier Logistics and Business Center
Busan-Jinhae Free Economic Zone
Northeast Asia's Premier Logistics and Business Center
The Busan-Jinhae Free Economic Zone is Northeast Asia's premier logistics hub, built around a new port that is the world's second-largest transshipment port and seventh-largest container port. In addition to intermodal logistics created by a solid logistics infrastructure of ports, airports, and railways, the city also boasts global manufacturing clusters for industries such as shipbuilding equipment, automotive, and machinery. It also hosts a variety of research centers for global emerging industries, such as the bio and medical fields.
- Designation Date2003.10.30
- Development period2003 to 2027
Advantages
Global Port, Port of Busan
- 2nd most transshipment port in the world
- 3rd most weekly sailings (279)
- 7th in the world in container throughput
- Handles approximately 75% of Korea's containerized cargo
- 25,000 TEU berth capacity
- 26 berths currently in operation
- Total of 60 berths in operation upon completion of Jinhae New Port (2040)
Logistics Tri-Ports
- [Port] Busan Port New Port + Jinhae Port New Port (2040)
- [Aviation] Gimhae International Airport + Gadeokdo New Airport (2029)
- [Rail] New Port Hinterland Railway, the terminus of the Busan New Port Line and a dedicated freight station
Excellent Industrial Base ㅡ Manufacturing Clusters
- 90% of the domestic ship equipment industry
- 50% of domestic auto parts industry
- 40% of domestic mechanical parts industry located in BJFEZ and nearby areas
Busan-Jinhae Free Economic Zone Major projects
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New Port District
10.73㎢
- LocationAll areas of Songjeong-dong and Seongbukdong, Gangseo-gu, Busan, and Yongwon-dong, Jinhae-gu, Changwon-si, Seongbuk-dong
- Project cost56,527 billion
- Business period2000 to 2027
- Planned population19,000
- Construct a mega-hub port for northeast Asia and a logistics hub port
- Construct a cutting-edge complex logistics base that supports a function of port and a background city
- Contribute to promoting a harbor physical industry to grow as the leading marine city
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Myeongji District
12.795㎢
- LocationAll areas of Myeongji-dong, Sinho-dong, Hwajeon-dong, and Daejeo-dong, Gangseo-gu, Busan
- Project cost52,395 billion
- Business period1993~2025
- Planned population 110,868
- Create a hub for international business and a settlement environment for foreigners
- Secure the main space for providing the global standard of settlement environment, including residence, education, etc.
- Create an eco-friendly ecological polis, such as establishing a large scale central park and green network
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Ungdong District
9.81㎢
- LocationNamyang-dong, Nammun-dong, Sudo-dong, Jejeok-dong, and Waseong and Ungdong Bay, Jinhae-gu, Changwon-si
- Project cost22,934 billion
- Business period1988~2027
- Planned population18,918
- Develop an industrial complex to attract the cutting-edge industry
- Establish a distribution district by creating a background supply complex for the new harbor
- Provide a high-quality leisure·recreational service by establishing a tourist leisure complex
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Jisa District
13.028㎢
- LocationJisa-dong, Mieum-dong, Saenggok-dong, Songjeong-dong, Noksan-dong, Gangseo-gu, Busan
- Project cost40,880 billion
- Business period1992 ~ 2023
- Planned population 29,724
- Automobile parts, machine, shipbuilding equipment, and cutting-edge parts materials industry cluster
- The center of cutting-edge research facilities, such as hydromechanics Research Lab at FAU (Friedrich Alexander University in Germany), Mieum R&D research special zone, etc.
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Dudong District
4.282㎢
- Location Yongwon-dong, Du-dong, Jinhae-gu, Changwon-si, Gyeongsangnam-do
- Project cost7,282 billion
- Business period 1988 ~ 2023
- Host population22,421
- Expand distributive research and enhance R&D function
- Plan convenience for workers in the district by developing residential area
- Create an urban hybrid leisure space
Major resident companies
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[Germany] Wilo Pump manufacturing pumps and systems for building services and industrial applications
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[Japan] Tsubakiauto Automotive Korea Co. manufacturing automobiles’ engine parts
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[Sweden] Höganäs Korea manufacturing powdered metals
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[Korea] LS Metal Co. manufacturing copper tubes and pipes, stainless steel pipes
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[Korea]LG CNS Data Center information services
Contact point
- Tel051-979-5000
- Investment consultationBusan : +82 51-979-5241, Jinhae : +82 51-979-5261