Table of Contents
- The Core of Ulsan Urban Innovation: Entering the Mainstream of the Urban Convergence Zone Development Project
- KTX Station Area Convergence District: Future Growth Axis of Ulsan Industry
- Down Innovation Convergence District: A Base for Carbon Neutrality and Climate Tech Innovation
- Ulsan Urban Convergence Zone: 35 trillion won investment over 10 years… A forecast for the re-creation of Ulsan's urban space
- Conclusion: Ulsan as an Industrial City Connecting to the Future with the Urban Convergence Zone
- Frequently Asked Questions (FAQ)
The Core of Ulsan Urban Innovation: Entering the Mainstream of the Urban Convergence Zone Development Project
Ulsan is opening a new chapter in urban innovation. The Ministry of Land, Infrastructure and Transport and Ulsan City have officially designated the Ulsan Urban Corporation as the executor of the 'Ulsan Urban Convergence Zone Development Project', accelerating the progress of the project.
This designation is a follow-up action to the designation of the Urban Convergence Zone and the approval of the basic plan made last November. The goal is to complete site preparation work by 2029 and finish the overall development by 2034.
The Ulsan Urban Convergence Zone will be developed into the KTX station area convergence district (1.62 million㎡) and the Down Innovation Convergence District (300,000㎡). This zone is planned to transform into an innovative space where industry, housing, and culture intersect. The key objectives are to attract young talent, establish companies, and build a new industrial ecosystem.
KTX Station Area Convergence District: Future Growth Axis of Ulsan Industry
The KTX station area convergence district, centered around Ulsan Station (KTX), is planned to be developed as a high-tech industrial complex. This area is expected to grow around various industries, including secondary batteries, agri-tech, and post-BI (business incubation after startup).
In particular, the establishment of international schools and the creation of specialized living environments for attracting foreign companies and technical talents are becoming important elements. Such developments are expected to positively impact Ulsan's economy and industry.
Ulsan City plans to foster the technology industry by creating a secondary battery industrial cluster and operating a post-BI startup support platform. In addition, it plans to promote innovative technological development by establishing an R&D hub for agricultural technology based on ICT and AI.
Additionally, it aims to improve the region’s educational conditions by providing an international school and specialized residential spaces. Through the construction of a BIO complex town and a future-oriented transfer center, Ulsan is set to utilize wide-area transportation infrastructure like KTX to emerge as an innovation hub for digital manufacturing, biopharmaceuticals, and R&D industries.
Down Innovation Convergence District: A Base for Carbon Neutrality and Climate Tech Innovation
The Down Innovation Convergence District being created in the Down-dong area is expected to develop into a central space for research and development and startup support.
This district plans to attract two national research institutions to assist the growth of technology-based startups.
Furthermore, through carbon neutrality technology and disaster safety demonstrations, as well as a business support center, it aims to build a green industrial ecosystem.
Ulsan City plans to establish an R&D research complex centered around innovation and demonstration research centers. It will operate a comprehensive support center for businesses in conjunction with a climate tech startup support platform.
In addition, it will expand specialized residential and cultural spaces, as well as sports and community facilities. Housing spaces for retired professional personnel and tacit knowledge transfer programs will also be implemented.
Through these efforts, Ulsan aims to establish an urban innovation belt integrating youth, startups, and research and development.
Ulsan Urban Convergence Zone: 35 trillion won investment over 10 years… A forecast for the re-creation of Ulsan's urban space
The total development area of Ulsan's Urban Convergence Zone reaches 1.92 million㎡, with approximately 35.704 trillion won to be invested from 2024 to 2034. This project is expected to play a crucial role in changing the structure of local industries, creating jobs for youth, aggregating advanced industries, and securing global talents - key aspects of the national balanced development strategy.
Moreover, the government is working to attract budgets and business programs through linkages with research and development (R&D), education, and startup support programs. Such policy connections are anticipated to bring about practical effects, fueling optimism for Ulsan's future.
The Ministry of Land, Infrastructure and Transport has announced that a foundation for the project’s implementation has been established with the designation of the Ulsan Urban Corporation. Accordingly, the establishment of follow-up implementation plans and the commencement of the project are expected to proceed swiftly. It seems that the second urban growth phase of Ulsan is about to commence.
Conclusion: Ulsan as an Industrial City Connecting to the Future with the Urban Convergence Zone
Ulsan is evolving beyond its existing image as an 'industrial city' into a future-oriented city where advanced industries, startups, and residential functions harmoniously coexist.
The KTX station area convergence district and the Down Innovation Convergence District each possess unique identities and roles, and these two areas are set to become key points for integrating Ulsan's urban landscape into a single smart innovation platform.
As the Ulsan Urban Corporation begins full-scale development, the Ulsan Urban Convergence Zone is likely to emerge as the most notable urban regeneration model in the country. The future of Ulsan is now signaling a new beginning from the urban center.
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Frequently Asked Questions (FAQ)
Q. What is the trigger for the full-scale promotion of the Ulsan Urban Convergence Zone Development Project?
The Ministry of Land, Infrastructure and Transport and Ulsan City designated the Ulsan Urban Corporation as the executor, accelerating project promotion.
The Ulsan Urban Convergence Zone Development Project is being promoted after a follow-up to the designation of the urban convergence zone and the approval of the basic plan last November, with the Ministry of Land, Infrastructure and Transport and Ulsan City officially designating the Ulsan Urban Corporation as the project executor. This designation is expected to allow for swift progress in project commencement and follow-up implementation plans, marking the beginning of Ulsan's second urban growth phase.
Q. What areas are being developed in the Ulsan Urban Convergence Zone?
It is divided into the KTX station area convergence district and the Down Innovation Convergence District.
The Ulsan Urban Convergence Zone covers a total area of 1.92 million㎡, divided into the KTX station area convergence district (1.62 million㎡) and the Down Innovation Convergence District (300,000㎡). The KTX station area convergence district is being developed around advanced industries such as secondary batteries, agri-tech, and post-BI, while the Down Innovation Convergence District focuses on attracting national research institutions and building a carbon neutrality technology and green industrial ecosystem.
Q. What are the main features of the KTX Station Area Convergence District development?
It focuses on creating an advanced industrial cluster as well as establishing international schools and specialized living environments.
The KTX station area convergence district will be established as a high-tech industrial complex centered around Ulsan Station, operating a secondary battery, agri-tech, and post-BI startup support platform. The establishment of international schools and the creation of specialized living environments for attracting foreign companies and foreign technical talents will also be promoted. The construction of a BIO complex town and a future-oriented transfer center is expected to link it to wide-area transportation infrastructure, establishing it as an innovation hub.
Q. What role does the Down Innovation Convergence District play?
It will develop into a center for R&D as well as support for eco-friendly technology startups.
The Down Innovation Convergence District is planned to serve as a central area for research and development and startup support, helping technology-based startups grow by attracting two national research institutions. It also plans to implement an eco-friendly industrial ecosystem through carbon neutrality technology demonstration, disaster safety, and a business support center. Specialized residential, cultural, and sports facilities, as well as support for retired personnel, are included in this plan.
Q. What is the total investment scale and duration of the Ulsan Urban Convergence Zone Development Project?
About 35.704 trillion won will be invested from 2024 to 2034.
The Ulsan Urban Convergence Zone is expected to involve a total budget of approximately 35.704 trillion won over a ten-year period from 2024 to 2034. This project is recognized as an essential element of the national balanced development strategy, going beyond simple urban development to include innovations in industrial structure, creation of youth jobs, aggregation of advanced industries, and securing global talent.
Q. What expected effects will the Ulsan Urban Convergence Zone have on Ulsan's urban and industrial landscape?
Expectations include the growth of advanced industries, attraction of young talents, and recreation of urban spaces.
The Ulsan Urban Convergence Zone is anticipated to contribute to attracting young talents, establishing companies, and building new industrial ecosystems as an innovative space where industry, housing, and culture converge. Particularly, through the aggregation of advanced industries and securing global talents, it is expected to strengthen Ulsan's future industrial competitiveness and emerge as a model urban regeneration project guided by the Urban Corporation, bringing new life to Ulsan's urban spaces and image.
