Approval for Research and Development District Implementation Plan, Early Commencement of Advanced Complex Area in Gangseo-gu
The development project for the 'Busan Research and Development District (Advanced Complex Area)' in Daejeo-dong, Gangseo-gu, Busan is set to officially begin.
The City of Busan is expected to announce the project implementation plan officially on March 26, 2025, after completing consultations with relevant institutions and an environmental impact assessment.
This will finalize the preliminary administrative procedures and take a step closer to the actual project launch, which is expected to be a significant turning point for the development of the Gangseo area.
For more detailed information regarding the environmental impact assessment report of the Busan Research and Development District Advanced Complex Area development project, please refer to the posting below.
Early Commencement of the Project… Foundation for Realizing a Self-Sufficient City
The Daejeo Research and Development District will be developed over an area of about 1,740,000㎡, equivalent to approximately 530,000 pyeong, and will focus on the concentration of future strategic industries such as research and development, advanced industries, and exhibition conventions as a key growth hub for the western Busan area.
This project is being carried out in cooperation with the Korea Land and Housing Corporation (LH) and the Busan Urban Corporation, with the business period set from 2012 to 2030.
This implementation plan approval has enabled early commencement, and the Mayor of Busan expressed his ambition to create a global R&D innovation hub with a target of starting construction in 2026 and completing it by 2030.
Looking at the spatial plan, industrial land occupies the largest portion at 43%, commercial and support land accounts for 18%, and public facility land approximately 39%. This layout aims to create a self-sufficient city where industry and living coexist harmoniously.
It is expected that the foundation for attracting Busan's strategic industries, including shipbuilding and marine, bio, and smart components sectors, will be further strengthened.
In particular, a Second BEXCO is expected to be built on the exhibition convention site within the Daejeo Research and Development District, which is anticipated to positively impact the local economy and industrial development.
Integration with Gangseo Line, Second Eco Delta City… Realizing a 15-Minute City
This project plans to create synergy by collaborating with various development projects in Gangseo-gu. Major initiatives include ▲ Second Eco Delta City (3,200,000 pyeong) ▲ Northeast Asia Logistics Platform (840,000 pyeong) ▲ Gangdong and Daejeo Public Housing District ▲ Daejeo Bridge road construction between Siksan and Sasang ▲ Gangseo Line Tram, among other projects. Each of these projects is expected to play a crucial role in regional development.
Through a close connection between residential areas, industrial complexes, and infrastructure, a 15-minute city model that realizes 'proximity living' is specifically manifested in the western Busan area. Notably, the Gangseo Line tram will be a crucial transportation network spanning 21.1 km connecting Daejeo Station to Eco Delta City and Myeongji District, effectively meeting the transportation needs of large-scale residential and industrial complexes.
Positive Effects on the Local Economy
The Busan Research and Development District is closely related to national strategies aimed at securing local scientific and technological sovereignty and realizing regional-led innovation growth. According to preliminary feasibility studies, the production inducement effect of this project is expected to reach about 366.3 billion won, and the employment inducement effect is expected to be 3,481 people.
If this innovative ecosystem establishes a virtuous cycle structure that continuously promotes entrepreneurship and growth, expectations are growing that Busan can develop into a center for future industries beyond just being an industrial city.
Currently, 10.8% of the industrial land is planned to be supplied as a dedicated zone for small and medium-sized enterprises. This provides a foundation to assist the growth of startups and local small businesses.
Moreover, various projects, including zero-energy cities connected to Eco Delta City, youth housing support, and digital innovation industry clusters, will also be promoted together.
Conclusion
The research and development district implementation plan in Gangseo-gu, Busan has been approved. This marks the first step towards a future city where advanced industries and the quality of life for citizens harmoniously coexist, moving beyond mere development. Through organic connections with Gadukdo New Airport, Eco Delta City, and Northeast Asia Logistics Platform, the western Busan area is expected to transform into a center where 'technology-entrepreneurship-growth' actively occurs.
If prompt compensation and commencement, as well as the successful execution of strategies for attracting industries, are achieved, Busan is likely to grow into a strong technology-based city capable of overcoming the concentration phenomenon of the metropolitan area. Should this development be realized, Busan will establish itself as a new economic center.
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