BJFEZ History

History BJFEZ 2002-2009

2009's

  • 01. 30 Free Economic Zone Act was revised to Special Act status with a newly-established foreign investors business environment exemption provision
  • 10. 30 Eulsookdo Bridge completed
  • 11. 09 Namyang district (294,000㎡) construction completed
  • 12. 31 Hwajeon district (2,450,000㎡) construction completed

2008's

  • 07. 08 Cultural district (165,000㎡) construction started
  • 08. 04 Nammoon district (1,063,000㎡) construction started
  • 12. 30 Busan Science Industrial Park (1,962,000㎡) development project completed.
  • 12. 31 Mieum (3,600,000㎡) construction started

2007's

  • 03. 11 The first commissioner Mr. Chang Soo-man completed his term
  • 03. 27 The second commissioner Mr. Kim Moon-hee was inaugurated
  • 09. 07 Western Distribution Complex (829,000㎡) construction started
  • 08. 03 Namyang district (294,000㎡) construction started
  • 12. 07 Free Economic Zone Act was revised on designation and management. [Free economic zone’s designation and foreign hospitals establishment were deregulated]

2006's

  • 08. 14 Hwajeon district (2,450,000㎡) construction started.

2005's

  • 01. 27 The building coverage ratio and floor area ratio in commercial areas increased from 90% to 100% and from 1,500% to 2,250% respectively.

2004's

  • 01. 20 The BJFEZ total area increased from 104.1 ㎢ to 104.8㎢.
  • 02. 26 the Busan-Jinhae Free Economic Zone Authority officially opened (office started on March 12, 2004)
  • 03. 12 The first Commissioner Mr. Chang, Soo-man was inaugurated
  • 03. 30 Job duties were clarified, totaling 1,219 items for both local governments
  • 09. 02 Organizational structure, employments and the articles of association were approved by the Ministry of Public Administration and Security

2003's

  • 01. 01 Free Economic Zone law enforcement came into force by decree on designation and management.
  • 09. 23 The Busan Metropolitan City Mayor and Gyeongnam Provincial Governor applied for joint designation to the Ministry of Knowledge Economy
  • 10. 30 The Busan-Jinhae Free Economic Zone was designated covering a total area of 104.1㎢

2002's

  • 12. 30 Free Economic Zone Act was promulgated on designation and management by the central government.