8 million consumer reside including 4 million in South Gyeongsang Province and Ulsan on top of 4million in Busan.
Its location creates maximum synergy among specific industrial clusters located near the BJFEZ.
It is home to 90% of the nation's shipbuilding industry and more than 50% of world market share, which ranks first in the world, including leading companies such as Hyundai, Samsung, Daewoo, STX offshore & Shipbuilding and Hyundai Mipo Dockyard.
Also Korea's top automobile manufacturing companies located here including Hyundai, GM Korea and Renault Samsung Motors, accounting for about 50% of the nation's automobile production and 6% of world market share.
About 40% of domestic machinery and mechatronics industries accounting about 10% of world market share are located in the region and over 80% of Korean aviation suppliers are also located in Sacheon, South Gyeongsang Province.
Global industrial belt
Shipbuilding (1st in global market share)
Automobiles (5th in global market share)
Machinery (9th in global market share)