Creation of the Logistics Complex
for the New Port and Gimhae International Airport
Introduction
Location : A designated area in southern part of Gimhae International Airport, Busan
Project period : 2006 ~ 2012 (Stage 1-2)
Area : 828,000㎡ (204.6032ac)
Project cost : 278.1 billion Won
Project developer : Korea Land & Housing Corporation
Development Direction
To attract logistics/distribution enterprises by creating a continental logistics base with in-land connections to Gimhae International Airport and Busan New Port.
To create logistics complex by linking to Busan New Port and Gimhae International Airport
To improve logistics channels and enhance the competitiveness of logistics industry by integration of distribution facilities
Current Status
Jan 2006 : Scheme of execution approved
Apr 2008 : Revised scheme of execution approved
Oct 2010 : Modification of development plan and scheme of execution approved (Busan Metropolitan City, no. 2010-375)
Oct 2011 : Modification of development plan and scheme of execution approved (Busan Metropolitan City, no. 2011-384, Busan-Jinhae Free Economic Zone, no. 2011-22)
Dec 2011 : The first phase of development plan completed
Aug 2012 : Revised scheme of execution approved (Busan-Jinhae Free Economic Zone, no. 2012-38)
Sep 2012 : Revised development plan approved (Ministry of Strategy and Finance, no. 2012-224)
Sep 2012 : Applied for completion of the second phase of development plan, The second phase completed(Jan. 2014)