Table of Contents
Construction Project of Ship Repair Innovation and Technology Center in Yeongdo Daepyeong-dong / Announcement of Yeongdo's Economy-Based Urban Regeneration Activation Plan (2nd, Major Change)
- Area of 119 Daepyeong-dong 2-ga, Yeongdo-gu
The project “Transitioning to the Innovation Hub for Marine Industry, the Number One Place for Modern Shipbuilding,” located in Daepyeong-dong 2-ga, Yeongdo-gu will be extended for one more year from 2025 to December 2026. The project covers an area of approximately 486,714㎡ with a total cost of 1,876.2 billion KRW.
Significant changes noted in this announcement include the abolishment of the Ship Repair Innovation Center and the Technology Center. Instead, the two projects have been integrated to form a new Ship Repair Innovation and Technology Center.
Additionally, the establishment of a joint equipment center for ship repairing has been newly added. Modifications were made to the local industry welfare center creation and operation project, and budget adjustments were made for the urban regeneration site support center operation project. These changes are expected to positively impact the local economy.
An 8-story building for the Innovation and Technology Center is planned to be established at 37 Daepyeong-dong 1-ga. Parking spaces will be arranged separately nearby. Moreover, the joint equipment center is planned to be established on the first floor with an area of approximately 353.44㎡.
The project schedule was originally set to start in 2020 and conclude in 2025, but it has now been extended to December 2026. This change was made in accordance with the project's progress.
This project is aimed at promoting economy-based urban regeneration, with the main objective of recovering and developing the shipbuilding industry. It includes educational, research, and technical support systems related to ship repairing while emphasizing the reorganization of aging ship facilities and workforce structure as critical tasks.
The area is designated as a general business district with urban planning established, equipped with conditions suitable for the regeneration projects of shipbuilding and marine industry due to its accessibility and proximity to the waterfront. Based on these requirements, sustainable development is being pursued.
Announcement No. 2025-363 of Busan Metropolitan City
Announcement of Yeongdo's Economy-Based Urban Regeneration Activation Plan (2nd, Major Change)
Due to the designation as a leading area for urban regeneration through the Ministry of Land, Infrastructure and Transport announcement No. 2019-623 (2019.11.13.), it was announced as Busan Metropolitan City announcement No. 2020-6 (2020.1.15.), and revised to Busan Metropolitan City announcement No. 2023-284 (2023.08.09.) for the "Busan Metropolitan City Economy-Based Urban Regeneration Activation Plan," it is announced as follows in accordance with Article 20 of the "Special Act on Urban Regeneration Activation and Support" and Article 28 of the Enforcement Decree of the same law.
2025. 9. 17.
Mayor of Busan Metropolitan City
□ Urban Regeneration Activation Plan
1. Project Name: Transitioning to the Innovation Hub for Marine Industry, the Number One Place for Modern Shipbuilding
2. Location: 119 Daepyeong-dong 2-ga, Yeongdo-gu, Busan Metropolitan City
3. Area: A=486,714㎡ (No change)
4. Total Project Cost: 1,876.2 billion KRW (No change)
(Seed money 500, interdepartmental related projects 956.2, public enterprises 195, private 200, local funding 25)
5. Project Duration: (before change) 2020 - 2025 (6 years)
(after change) 2025 - December 2026 (1 year extension)
6. Project Contents
o Seed Money Project (changes exist)
- Establishment of Ship Repair Innovation Center: Project abolished
- Creation of Joint Equipment Center for Ship Repair: New project established
- Establishment of Ship Repair Technology Center: Project abolished
- Establishment of Ship Repair Innovation and Technology Center: New project established (integrated building)
- Creation and operation of local industry welfare center: correction of errors
- Operation of urban regeneration site support center: budget adjustment
o Interdepartmental collaborative projects (no changes): 6 projects including technological development and demonstration for innovative manufacturing of small-scale shipbuilding equipment
o Public enterprise projects (no changes): 1 project for the creation of happy housing
o Private investment projects (no changes): 1 project for the creation of community houses and co-working spaces
o Project conceptual design (before change)
o Project conceptual design (after change)
- Creation of joint equipment center (new): 353.44㎡, 1st floor
- Establishment of Ship Repair Innovation and Technology Center (new): 2,786㎡, 8 stories / parking lot (installed nearby): 313㎡
- Creation and operation of local industry welfare center (correction of errors): from 4 floors to 5 floors, etc.
7. Viewing Guide
o Viewing Period: 30 days from the announcement date
o Viewing Content: Yeongdo Economy-Based Urban Regeneration Activation Plan (2nd, Major Change)
o Viewing Location: Urban Space Vitality Division, Urban Regeneration Team, Busan City Hall (☎051-888-4194)
Classification
Announcement
Agency Classification
City
Agency
Busan Metropolitan City
Announcement No.
No. 2025-363
Title
Announcement of Yeongdo Economy-Based Urban Regeneration Activation Plan (2nd, Major Change)
Date
2025-09-17
#YeongdoDaepyeongdong, #UrbanRegeneration, #EconomyBased, #ShipRepairInnovationCenter, #TechnologyCenter, #JointEquipmentCenter, #MarineIndustryInnovationBase, #LocalIndustryRecovery, #EducationResearchFacility, #AuxiliaryParkingLot, #IndustryWelfareCenter, #SiteSupportCenter, #ProjectCost187.6Billion, #ProjectDurationExtension, #CompletionBy2026, #PublicPrivatePartnership, #YeongdoDistrictOffice, #BusanUrbanRegeneration, #AgingIndustryRecovery, #MarineTechnology, #EducationInfrastructure, #OfficeFacilities, #LocalEconomicRevitalization, #JobCreation, #CommercialAreaRegeneration, #PublicInvestmentProject, #MarineCluster, #R, #&DCenter, #InnovationPlatform, #CoastalCityYeongdo, #BusanIndustrialPolicy
Frequently Asked Questions (FAQ)
Q. What is the extended period of the Ship Repair Innovation and Technology Center Construction Project in Yeongdo Daepyeong-dong?
The project duration has been extended by one year from the original 2020-2025 to December 2026.
The Ship Repair Innovation and Technology Center Construction Project in Yeongdo Daepyeong-dong was originally set to start in 2020 and was scheduled to finish in 2025. However, it has been extended by one more year to December 2026 in accordance to the progress of the project. This extension can be understood as an inevitable measure to increase the quality and effectiveness of the project.
Q. What changes have occurred regarding the Ship Repair Innovation Center and Technology Center projects?
Both center construction projects have been abolished and newly established as an integrated innovation and technology center project.
The previously separately pursued Ship Repair Innovation Center and Ship Repair Technology Center construction projects have been abolished. Instead, these two projects have been integrated and newly established as the ‘Ship Repair Innovation and Technology Center Construction Project,’ which is expected to be built in an 8-story building at 37 Daepyeong-dong 1-ga. This is anticipated to enhance functional concentration and efficiency.
Q. What are the characteristics and scale of the Joint Equipment Center for Ship Repair project?
The newly established Joint Equipment Center for Ship Repair will be approximately 353.44㎡ in scale on the first floor.
The newly added Joint Equipment Center for Ship Repair is a space designed to jointly support equipment in the marine industry and shipbuilding fields in Daepyeong-dong. It will occupy the first floor and cover an area of approximately 353.44㎡, aimed at establishing a collaborative and innovative support foundation for local shipbuilding industry equipment.
Q. What is the total area and total project cost of this project?
The project area is approximately 486,714㎡, with a total project cost of 1,876.2 billion KRW.
The Yeongdo Daepyeong-dong Ship Repair Innovation and Technology Center Construction and Economy-Based Urban Regeneration Activation project will take place across an area of about 486,714㎡, with a total cost reaching 1,876.2 billion KRW. This budget is composed of seed money projects, interdepartmental connections, public enterprises, private investments, and local funds, making it a large-scale project with participation from various stakeholders.
Q. What are the main objectives of the Urban Regeneration Activation Plan?
The main goals are the recovery and development of the shipbuilding industry and the establishment of a marine industry innovation base.
This project aims to revitalize the local economy and create jobs by transitioning Daepyeong-dong, the number one place of modern shipbuilding, into an innovation hub for the marine industry. It includes the reorganization of aging ship facilities and workforce, along with building educational, research, and technical support systems, striving for sustainable ecosystem development. Additionally, as a general business area, it aims to utilize its accessibility and waterfront proximity to create favorable conditions for marine industry development.