Table of Contents
- Notice! New industrial complex equipped with work-live benefits and special incentives
- Industrial infrastructure + housing support 'integrated development'... Expecting regional economic vitality
- Pushing for ‘special supply’ of apartments for industrial complex workers
- Approx. 706.6 billion won investment... Promoted by private SPC method
- Conclusion – The centerpiece of industry and housing in the future of East Busan, E-Park Phase 2
- Frequently Asked Questions (FAQ)
Notice! New industrial complex equipped with work-live benefits and special incentives
Busan City has made the final decision to develop the 'East Busan E-Park (Phase 2) General Industrial Complex' in the districts of Giryeong-ri, Ori, and Jwadong in Jang-an-eup, Gijang-gun, and has officially commenced the project aiming for completion in 2029.
This project focuses on attracting future industries such as secondary batteries and power semiconductors to establish new growth drivers for the East Busan region. In addition, it is gaining significant attention as a self-sufficient industrial complex that integrates residential, educational, and living infrastructure for workers.
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Industrial infrastructure + housing support 'integrated development'... Expecting regional economic vitality
On July 9, 2025, Busan City officially announced the East Busan E-Park (Phase 2) project, with a scale of 1.14 million square meters, through the 'Industrial Complex Designation Plan Notice'. This decision was made after passing the Ministry of Land's demand verification and the Industrial Location Policy Review Committee's examination.
Currently, the Jang-an-eup area has nine industrial complexes in operation, such as Jang-an, Myeongnye, and Banryong General Industrial Complexes, employing over 10,000 workers. With the completion of the Southeast Region Radiological Medical Science General Industrial Complex (approximately 1.48 million square meters) by the end of this year, a significant increase in manpower demand is expected.
However, existing industrial complexes have consistently faced issues such as transport inconvenience, lack of housing, and insufficient amenities due to their distance from downtown. To address these issues, Busan City decided to simultaneously build a 'support complex' equipped with residential and living facilities along with the new industrial complex.
Pushing for ‘special supply’ of apartments for industrial complex workers
The support complex is expected to occupy an area of approximately 270,000 square meters near the Jang-an Residential Development District. This area will include around 1,900 units of multi-family housing and single-family housing lots. Notably, workers from companies entering the industrial complex will receive a special supply benefit equivalent to 50% of the total multi-family housing.
This 'work-live balance' system is anticipated to positively impact by reducing fatigue from long commutes, attracting young workers, and improving the settlement rate of businesses. Additionally, within the support complex, educational, cultural, and commercial facilities will be established, developing it into a self-sufficient residential area with an improved living environment.
Such changes are expected to invigorate the local community and bring economic benefits.
Approx. 706.6 billion won investment... Promoted by private SPC method
This project will require a budget of approximately 706.6 billion won and will be carried out by a private special purpose corporation (SPC).
Busan City plans to begin compensation work in 2026 and aims to expedite related procedures, including environmental impact assessments, traffic impact assessments, and joint explanations. These processes are vital steps for obtaining approval for the industrial complex plan and will facilitate the smooth progression of the project.
Conclusion – The centerpiece of industry and housing in the future of East Busan, E-Park Phase 2
The 'East Busan E-Park (Phase 2) General Industrial Complex' is positioned not just as an industrial center, but as an advanced self-sufficient area that harmonizes living and working.
Particularly, this area is establishing a foundation capable of attracting strategic industries such as secondary batteries and power semiconductors. If connected with the designation of opportunity development special zones and the industrial water supply project, it will develop into a new growth hub that attracts renowned domestic and foreign companies.
Through this development, Busan City aims to create quality jobs and provide a foundation that will help settle young people, while expecting to significantly improve the living standards of workers in the industrial complex with effective policies.
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Frequently Asked Questions (FAQ)
Q. What is the purpose of the East Busan E-Park Phase 2 General Industrial Complex?
This industrial complex is being developed to attract future industries such as secondary batteries and build residential infrastructure.
The East Busan E-Park Phase 2 General Industrial Complex focuses on attracting advanced future industries like secondary batteries and power semiconductors to establish new growth drivers for the East Busan region. At the same time, it aims to integrate residential, educational, and living infrastructure for workers, creating a self-sufficient industrial complex. This will inject vitality into the local economy and enhance industrial competitiveness.
Q. How will special supply apartments for industrial complex workers be provided?
Industrial complex workers will have access to a special supply benefit that corresponds to 50% of the multi-family housing.
The support complex will be located on an area of about 270,000 square meters near the Jang-an Residential Development District, including approximately 1,900 multi-family housing units and single-family housing lots. Special supply for 50% of the total multi-family housing will be granted to the workers of companies located in the industrial complex, reducing long-distance commuting burdens and promoting settling of young workers. In addition, educational, cultural, and commercial facilities will also be established, evolving into a self-sufficient residential community with comprehensive living conditions.
Q. What is the schedule and method for promoting the East Busan E-Park Phase 2 project?
Scheduled for completion in 2029, promoted by private SPC method, with compensation work expected to start in 2026.
Busan City will invest approximately 706.6 billion won to develop the East Busan E-Park Phase 2 industrial complex, selecting a private special purpose corporation (SPC) as the project entity. Compensation work is planned to commence in 2026, and relevant procedures such as environmental impact assessments, traffic impact assessments, and joint briefings will be expedited to ensure the smooth progress of the project. Final completion is anticipated by 2029.
Q. What are the issues faced by existing industrial complexes, and how will they be improved?
Transportation inconveniences and lack of residential and amenity facilities will be resolved through the establishment of support complexes.
The industrial complexes in the East Busan area have faced difficulties such as transportation issues and lack of residential and amenity facilities due to their distance from the urban center. To address these issues, Busan City plans to establish adjacent support complexes, integrating residential areas with cultural, educational, and commercial infrastructure to create a work-live balance environment, thereby improving the quality of life for workers and enhancing business retention rates.
Q. What economic impact will the East Busan E-Park Phase 2 industrial complex have on the region?
Regional economic vitality, settling of young workers, and creation of quality jobs are expected.
The East Busan E-Park Phase 2 General Industrial Complex is projected to invigorate the local economy through the attraction of high-tech industries and the establishment of self-sufficient residential environments. It is especially expected to facilitate the inflow of young labor and provide stable job opportunities, thereby increasing business retention rates and achieving both industrial competitiveness and regional economic growth simultaneously. Busan City is laying the groundwork to leap forward as a center for future industries through this development.
