To provide industrial sites to help regional manufacturing economies
To help achieve balanced urban development
Current Status
Jul 2009 : Release of development restriction area
Jul 2009 : Designation of a district and approval of development plan (Ministry of Knowledge and Economy, no. 2009-159)
Mar 2010 : Approval and notice of revised development plan and scheme of execution (Ministry of Knowledge and Economy, no. 2010-66)
Apr 2010 : Notice of compensation process (99% of compensation completed as of end of March 2012)
Aug 2010 : Construction started at the first and second areas (Sept 2010)
Mar 2011 : Notice of revised development plan and scheme of execution (Busan City, no. 2011-100)
Feb 2012 : Notice of revised development plan (Busan Metropolitan City, no. 2012-61)
Mar 2012 : Notice of revised scheme of execution (Busan-Jinhae Free Economic Zone, no. 2012-14)
Oct 2012 : Applied for revision of Saenggok District development plan
Dec 2012 : Free Economic Zone Advisory Meeting held (Ministry of Knowledge and Economy)
Mar 2013 : The second Free Economic Zone Advisory Meeting held (Ministry of Knowledge and Economy)
Apr 2013 : Notice of approval of revision of Saenggok District development plan (Ministry of Trade, Industry and Energy no. 2013-20)
* Change of business types to be involved in the Eco-Recycling Center
Aug 2013 : Notice of approval of revised scheme of execution for Saenggok District (Busan-Jinhae Free Economic Zone no. 2013-39)
Apr 2014 : Notice of approval of revised scheme of execution for Saenggok District (Busan-Jinhae Free Economic Zone no. 2014-17)
Oct 2014 : Notice of approval of revised scheme of execution for Saenggok District (Ministry of Trade, Industry, and Energy no. 2014-184)
Dec 2014 : Notice of approval of revised scheme of execution of Saenggok District (Busan-Jinhae Free Economic Zone no. 2014-68)
Aug 2015 : Notice of approval of revised scheme of execution for Saenggok District (Busan City, no. 2015-294)
Sep 2015 : Notice of approval of revised scheme of execution of Saenggok District (Busan-Jinhae Free Economic Zone no. 2015-68)