Development Plan

  • To create world’s premier integrated resorts by attracting the first class Tourism & Leisure facilities.
  • To establish tourism & leisure complex to promote businesses and improve living environment in the BJFEZ

Investment Environment

  • Since Ungdong district is located adjacent to Ungcheon and Namsan Districts, synergy effect and higher returns on investment is expected.
  • Access road to Nammoon District to be completed in Dec. 2014 and the New Port’s 2nd hinterland road and service roads inside the Ungdong logistics area are expected to be completed in 2016 and in 2017.

Places for investment: Ungdong, Ungcheon and Namsan Districts

Major Projects

Ungdong District

  • Location: Reclaimed land in the Jedeok-dong, Jinhae-gu, Changwon City, Gyeongnam Province
  • Area : 2,258,000㎡ (557.9639ac)
  • Project period : 2004 ~ 2018
  • Project developer : Gyeongsangnamdo Development Corporation, Changwon city
  • Master Developer : Jinhae Ocean Resort Inc.
  • Major facilities: Golf course, five-star hotel, artificial beach (water park), sports park, foreign hospital, foreign educational institute, ocean marina resort
  • Progress
    • Mar. ‘09: Purchase of the land and public invitation for the business developer
    • Dec. ‘09: Development agreement with the Yongwon, Muhak-STX Consortium
    • Apr. ‘10: Establishment of SPC (Jinhae Ocean Resort Inc.)
    • Dec. '12: FDI registration(1.4million), SPC establishment(Jinhae Ocean Resort Co.,Ltd)
    • Apr. '13: Alternative plan approval
    • Jul. '13 : Implementation plan approval
    • Sep. '13 : FDI registration(9.3million)
    • Nov. '13 : Contruction start-up

Ungcheon District

  • Location : A part of Jaeduk-dong, Jinhae-gu, Changwon city (Gyeongsangnam-do)
  • Area : 469,000㎡ (115.8924ac)
  • Project developer : To be decided
  • Facilities : To be decided

Namsan District

  • Location : A part of Jaeduk-dong, Jinhae-gu, Changwon city (Gyeongsangnam-do)
  • Area : 122,000㎡ (30.1468ac)
  • Project developer : To be decided
  • Facilities : To be decided
Namsan DistrictView larger images