Table of Contents
- Finding a new owner for the large site of 9,818㎡ in the heart of the city
- Background and process of the sale
- Connection with Busan Baek Hospital and the need for expansion
- Sale procedure and future schedule
- Community expectations and challenges
- Conclusion – Expanding Busan Baek Hospital is the best scenario
- Frequently Asked Questions (FAQ)
Finding a new owner for the large site of 9,818㎡ in the heart of the city
The site of Juwon Elementary School in Busan Jin-gu, which closed last March, is scheduled to be sold in the second half of 2026. The sale will be conducted through a public competitive bidding process, allowing anyone who qualifies to participate.
The site is located adjacent to Busan Baek Hospital and is evaluated as suitable for hospital expansion, leading to expectations for the expansion of regional medical infrastructure.
Background and process of the sale
Juwon Elementary School closed in March after more than half of parents agreed to the merger in a survey conducted in 2023.
The site totals 9,818㎡, consisting of a teacher's area of 3,940㎡ and a gymnasium of 5,878㎡, making it relatively spacious within the urban area.
Initially, the Busan City Office of Education considered creating a experience center or educational support facility, but decided to sell it in response to the crowded situation of nearby elementary schools and requests from local residents.
The sale will be conducted through a public competitive bidding process, as a private contract was deemed impossible due to concerns over favoritism.
Connection with Busan Baek Hospital and the need for expansion
The Juwon Elementary site is located close to Busan Baek Hospital.
Busan Baek Hospital has been continuously expanding to solve issues like aging facilities, lack of parking spaces, and insufficient number of beds. Securing this site would enable various infrastructure developments such as constructing a new building, expanding specialized centers, and securing parking spaces.
However, since the sale will proceed through public competitive bidding, the hospital must compete on the same terms as other private operators. If unsuccessful in bidding, they may bear additional costs when attempting to repurchase.
Sale procedure and future schedule
In 2025, reviews by the Shared Property Review Committee and the Busan City Council will be conducted. Then, in the first half of 2026, there will be an announcement of bidding and recruitment of participants.
The general competitive bidding will take place in the second half of the year, leading to the selection of a successful bidder and the signing of a contract. The Busan City Office of Education plans to carry out all these procedures as quickly as possible to complete the sale early.
Community expectations and challenges
The local residents and the medical community are eagerly hoping for the successful acquisition of the Baek Hospital site. There are several reasons for this.
Firstly, there is a high possibility of improving the quality of local medical services. The construction of new wards and the expansion of specialized centers will create a better healthcare environment.
Secondly, job creation is expected. There will be an increase in hiring medical staff and administrative personnel for hospital operations, leading to more job opportunities in the region.
Thirdly, the revitalization of the local economy is anticipated. As the number of patients and visitors increases, it will positively impact the local commercial environment.
Finally, it is also important to continue serving as public infrastructure.
However, due to the nature of public competitive bidding, competition with development firms and commercial facility operators is unavoidable. How to well coordinate publicness and commercial viability will be a crucial challenge going forward.
Conclusion – Expanding Busan Baek Hospital is the best scenario
The sale of the Juwon Elementary site is a complex task that is not just about asset disposal but also involves considerations for local development and public interest.
If Busan Baek Hospital successfully acquires this site and proceeds with the hospital expansion, it is expected to strengthen the medical infrastructure in the Jurea and Gaekum areas and improve the level of health services across Busan.
Thus, the cooperation between the community and the administration to find the optimal owner is of utmost importance.
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Frequently Asked Questions (FAQ)
Q. When will the Juwon Elementary School site in Busan be sold?
The Juwon Elementary School site in Busan is scheduled to be sold in the second half of 2026 through public competitive bidding.
The Juwon Elementary School site was closed in March 2023, and the Busan City Office of Education plans to carry out the sale of this site in the second half of 2026. The sale procedure will be conducted through public competitive bidding after recruiting participants and announcing bidding in the first half of 2026, resulting in the identification of a successful bidder in the second half. This process is open to anyone who qualifies, according to the law.
Q. What is the size and composition of the Juwon Elementary School site?
The site totals 9,818㎡, consisting of a teacher's area of 3,940㎡ and a gymnasium of 5,878㎡ in a spacious urban area.
The Juwon Elementary School site is a large area within the city, totaling 9,818㎡, consisting of a teacher's area of 3,940㎡ and a gymnasium of 5,878㎡. This spacious site is adjacent to Busan Baek Hospital, evaluated as suitable for hospital expansion. The Busan City Office of Education initially considered installing an experience center and other educational support facilities but decided to sell it in response to the crowded situation at nearby elementary schools and requests from residents.
Q. Why is Busan Baek Hospital interested in this site?
Busan Baek Hospital urgently needs this site for facility upgrades, bed expansion, and additional parking spaces.
Busan Baek Hospital believes that securing the adjacent Juwon Elementary School site would greatly expand medical infrastructure, enabling the construction of new buildings, expansion of specialized centers, and additional parking space. This site is seen as a key solution to current issues of insufficient bed capacity and lack of parking spaces. However, the bidding will be conducted through public competition, meaning they will have to compete on the same terms as other private developers.
Q. How will the sale procedure and schedule proceed?
Reviews and council approvals are scheduled for 2025, followed by competitive bidding and contract signing in 2026.
The sale will undergo reviews by the Shared Property Review Committee and the Busan City Council in 2025. In the first half of 2026, an announcement of bidding and recruitment of participants will take place, and competitive bidding will occur in the second half, resulting in the selection of a successful bidder. The Busan City Office of Education aims to complete the sale as quickly as possible.
Q. How does the community view the sale of this site?
The community hopes for the successful acquisition by the Baek Hospital, expecting improved medical services and economic revitalization.
The local residents and the medical community expect that if Busan Baek Hospital secures the site for hospital expansion, the quality of medical services will improve significantly, leading to job creation and revitalization of the local economy. There are positive effects anticipated for commercial areas due to the increase in patients and visitors. However, the challenge remains to balance public services and commercial viability due to competition with commercial facility operators in the public bidding process.
