Development Direction

• To provide a hinterland to support stable economic activities brought by increase in logistics business.

Current Status

• Oct 2003: Notice for designation of Busan • Jinhae Free Economic Zone
• May 2004 : Development plan approved by Busan Metropolitan City
• Sep 2004 : Notice of revised development plan
• Jan 2005 : Release of development restriction zone
• Jul 2009 : Revised development plan approved
• Mar 2012 : Intermediate Report of revitalization study results (the second session)
• May 2012 : Intermediate Report of revitalization study results (the third session)
• Jul 2012 : Revitalization study completed ▷ provided a basis for development plan
• Jul 2012 : Review of development plan started ▷ efficient development ideas collected
• Jan 2013 : Relocation of Busanjin Station C.Y Songjeong District passed by preliminary feasibility consideration (B/C 1.18)
• Nov 2013 : Plan to relocate railway facilities started to be developed (Ministry of Land, Infrastructure, and Transport, project completed on Dec 31, 2014)
• Dec 2014 : Busan Regional Rail Plans and the relocation of the master plans on how much of completion
• Jul 2015 : Completed the construction of the master plan service for comprehensive development of Busan
• Mar 2016: Commended the master plan and design for relocation of railway facilities at Busan Station (Busan City)

Future plan

• Second phase of the project (2016~2020) → Sought various ways to develop Songjeong District