Construction of the Complex for the
High-Tech and Knowledge Industry
Introduction
Location : A designated area of Jisa-dong, Gangseo-gu, Busan
Project period : 2009 ~ 2018 (Stage 1-2)
Area : 506,000㎡ (125.0353ac)
Project cost : 139.0 billion Won
Expected population : 78people
Project developer : Korea Land & Housing Corporation
Development Direction
Promoting local economy and increasing employment by creating a specialized complex for nurturing nuclear-component material complexes
To create a nuclear-component cluster by attracting exhibition venues and nuclear-component research institutes for R&D and promotion
Current Status
Jul 2009 : Designated a district
Feb 2010 : Investment memorandum of understanding (Busan City, Free Economic Zone Authority, Daehan Steel, LH - Change the Daehan Steel project implementer)
Oct 2010 : Notice of willingness to abandon Daehan Steel Co., Ltd
Apr 2011 : Decision to change a construction company (Automatic machinery and material industrial complex)
May 2011 : SPC (Automatic Industrial Complex Development Co. Ltd.) established
Oct 2011 : Applied for revision of development plan (replacement of a construction company, etc.)
Apr 2012 : Notice of revision of development plan (Ministry of Knowledge and Economy, no. 2012-52)
Aug 2012 : Reply to application for assessment of environmental impacts (Nakdong River Basin Environmental Office → Busan-Jinhae Free Economic Zone)
Sep 2012 : Reply to application for energy use plan (Ministry of Knowledge and Economy → Busan-Jinhae Free Economic Zone)
Dec 2012 : Reply to application for appropriation of mountain area (Korea Forest Service→ Busan-Jinhae Free Economic Zone)
Dec 2012 : Notice of approval of scheme of execution (Busan-Jinhae Free Economic Zone, no. 2012-57)
May 2013 : Compensation plan review announcement
Jul 2014 : Construction commenced
Aug 2014: Ground-breaking ceremony
Apr. 2015: Approval of changes to development plans (the Ministry of Industry: 2015-81)
Nov. 2015: Approval of change to implementation plan