Myeongdong District

Jisa

Myeongdong District

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
Myeongdong District
 

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
  • Sept. 2016: 23% progress rate
 

Future plan

  • Dec 2018 : Project completed