Project developer : Gyeongsangnamdo Development Corporation (“GNDC"), Changwon city, Ministry of Oceans and Fisheries.
Development Direction
To provide luxury leisure and recreation services with the creation of a tourist leisure complex in the Free Economic Zone and create a logistics distribution complex by constructing a new port logistics complex
Current Status
Sep 2008 : Revised development plan approved (change of a construction company)
Construction Company: Leisure and resort (Gyeongsangnam-do Development Corporation, Jinhae City), logistics base (Ministry of Land, Infrastructure and Transport)
Jun 2009 : The first and second phases of logistics base (2,478,000 square meters) commenced (Ministry of Land, Infrastructure and Transport)
Dec 2009 : Signing of execution contract to develop leisure & resort site [Yongwon (Muhak)-STX consortium]
Apr 2010 : Establishment of a foreign investment corporation to operate leisure and resort site [Jinhae Ocean Resort]
Aug 2010 : Planning of scheme of execution to build leisure resort site commenced
Oct 2010 : Notice of plan to select companies to move in the logistics base (the first and second phases)
Dec 2010 : Selection of companies to reside in the logistics base (the first and second phases) (625 square meters) *16 companies (5 in manufacturing, 11 in logistics)
Apr 2011 : MOU signed to establish Changwon international foreign school
Dec 2011 : Applied for revision of development plan for Ungdong District (leisure and resort)
Feb 2012 : Revised development plan of Ungdong District (leisure, resort) approved
Jul 2013 : Scheme of execution for Ungdong District (leisure, resort) approved
Nov 2013 : Construction of Ungdong District (leisure, resort) commenced
Dec 2013 : Ungdong District (logistics) development plan revised (extended to 2020)
Jan 2014 : Applied for revision of Ungdong District (the first district)
May 2014 : Revised scheme of execution for Ungdong District (first district) development project
Feb 2015 : Ungdong west side Industrial parks under construction phase one(Reclamation)
Mar 2016 : The western container hinterland complex in first construction phase (reclamation)
Jul 2016 : Ungdong Port Hinterland Complex in second construction phase (covering with soil)
Future plan
Dec 2018 : Ungdong District (leisure, resort) completed