Table of Contents
Announcement of the Public Display for Guseo 1st and 2nd Phase Reconstruction / Guseo 5 Reconstruction Project Implementation Plan Authorization
- Location map, layout, and progress at 185-1 Guseo-dong, Geumjeong-gu
The Guseo 5 reconstruction project located at 185-1 Guseo-dong, Geumjeong-gu, Busan has entered the official authorization process. This process was initiated through the announcement of the public display for the project implementation plan authorization.
The Geumjeong-gu office of Busan Metropolitan City conducted the public display announcement based on the receipt of the application for project implementation plan authorization from the Guseo 5 Reconstruction Maintenance Project Association on October 29, 2025, in accordance with Article 56 of the Urban and Residential Environment Maintenance Act.
The public display period will be from October 29 to November 12, lasting a total of 14 days. The designated locations for public display are the Building Department of Geumjeong-gu office and the association office, where considerable interest and participation from the residents are anticipated.
The project will be conducted on a site of 38,600.1㎡, with structures ranging from 5 basements to 28 floors, consisting of 6 buildings. It will include a total of 800 housing units and various community facilities. The project's period is set for 72 months from the date of authorization.
The Guseo 5 district is a redevelopment project that includes the old residential areas of Guseo 1st and 2nd Phase apartments, with the maintenance plan and district change officially announced in July 2024, confirming the project scope. Subsequently, in October 2024, the release deadline was extended, allowing the project to continue.
GS Construction has been selected as the contractor for this project, with a total contract amount reaching approximately 265.9 billion won, and it is planned to consist of 805 housing units. This reconstruction project is expected to significantly contribute to improving the local residential environment.
This area boasts convenient transportation, being close to Duseo Station on subway line 1. Nearby educational institutions include Guseo Elementary School, Guseo Girls' Middle School, and Namsan Middle School, providing an excellent learning environment. Furthermore, it is adjacent to the central commercial district of Geumjeong-gu, allowing easy access to various convenience facilities.
This public display is a prior procedure to prepare for the announcement of the project implementation plan authorization, aiming to gather opinions from local residents and stakeholders. Once the project implementation plan authorization announcement is made, detailed matters such as household composition and distribution ratio will be revealed, and further postings will be prepared regarding this.
Public Notice No. 2025-1446 of Geumjeong-gu, Busan Metropolitan City
Announcement of the Public Display for Project Implementation Plan Authorization for Guseo 5 Reconstruction Project
Regarding the Guseo 5 Reconstruction project located at 185-1 Guseo-dong, Geumjeong-gu, Busan Metropolitan City, an application for project implementation plan authorization has been received from the project implementer. In accordance with Article 56 of the Urban and Residential Environment Maintenance Act and Article 49 of its Enforcement Decree, the following public display announcement is made; landowners or association members, as well as any other stakeholders related to the maintenance project are requested to submit written opinions on the documents related to the project implementation plan during the public display period.
October 29, 2025
Mayor of Geumjeong-gu, Busan Metropolitan City
1. Public Display Period and Location
a. Public Display Period: October 29, 2025 - November 12, 2025 (14 days)
b. Display Locations
1) Building Department of Geumjeong-gu Office
Address: 2nd Floor, Annex, 1777 Jungang-daero, Geumjeong-gu, Busan (☏ 051-519-4614)
2) Guseo 5 Reconstruction Maintenance Project Association Office
Address: 902, 9th Floor, 1925 Jungang-daero, Geumjeong-gu, Busan (☏ 051-513-3555)
c. Display Documents: Documents related to the application for project implementation plan authorization (available at the display locations)
2. Project Details
a. Name and Address of the Project Implementer
1) Name: Guseo 5 District Reconstruction Maintenance Project Association (Chairman: Pi Seung-yik)
2) Address: 902, 9th Floor, 1925 Jungang-daero, Geumjeong-gu, Busan
b. Type and Name of the Project: Guseo 5 Reconstruction Project
c. Location and Area of the Maintenance District: 185-1 Guseo-dong, Geumjeong-gu, Busan (38,600.1㎡)
d. Project Size
1) Building Size: 5 basement floors to 28 floors, 6 buildings, housing units (800 units) and community facilities
2) Urban Planning Facilities: Roads (4 Routes)
e. Project Implementation Period: Within 72 months from the date of project implementation plan authorization
3. Target for Opinion Submission and Submission Method
a. Target: Owners or landholders of land or buildings located in the maintenance district, or any person with a vested interest in the maintenance project
b. Method: Submit written opinions (available at the display locations) within the public display period
c. Submission Location: Display location
Classification
Announcement
Institution Type
District
Institution
Geumjeong-gu
Notice Number
No. 2025-1446
Title
Announcement of Public Display for Project Implementation Plan Authorization for Guseo 5 Reconstruction Project
Date
October 29, 2025
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Frequently Asked Questions (FAQ)
Q. What are the dates and locations for the public display of the Guseo 5 Reconstruction Project?
The public display period is from October 29, 2025, to November 12, 2025, and will take place at the Building Department of Geumjeong-gu Office and the association office.
The Geumjeong-gu office in Busan will conduct a public display for the project implementation plan authorization for the Guseo 5 Reconstruction Project for 14 days from October 29, 2025, to November 12, 2025. The display locations are designated as the Building Department of Geumjeong-gu Office (2nd Floor, Annex, 1777 Jungang-daero, Geumjeong-gu, Busan) and the Guseo 5 Reconstruction Maintenance Project Association office (902, 9th Floor, 1925 Jungang-daero, Geumjeong-gu, Busan). Stakeholders may submit written opinions during this period.
Q. What is the main scale and structure of the Guseo 5 Reconstruction Project?
It consists of 5 basement floors to 28 floors, 6 buildings, and 800 housing units along with community facilities.
The Guseo 5 Reconstruction Project will take place on a site of 38,600.1㎡ at 185-1 Guseo-dong, Geumjeong-gu, Busan, consisting of 6 buildings with structures from 5 basement floors to 28 floors. It will include a total of 800 housing units and various community facilities, which is expected to greatly contribute to the improvement of the residential environment. The project implementation period is to be completed within a maximum of 72 months from the date of authorization.
Q. Who is the contractor for this reconstruction project, and what is the contract amount?
GS Construction has been selected as the contractor, and the contract amount is approximately 265.9 billion won.
GS Construction has been chosen as the contractor for the Guseo 5 Reconstruction project, with a total contract amount reaching about 265.9 billion won. This project is a large-scale reconstruction initiative that includes the aging residential areas of the Seonggyeong 1st and 2nd Apartments, planned to include 805 housing units, significantly enhancing the local residential environment.
Q. What is the transportation and educational environment like in the area of the reconstruction project?
It is convenient, being close to Duseo Station on subway line 1, and nearby educational institutions include Guseo Elementary School, Guseo Girls' Middle School, and Namsan Middle School.
The area for the Guseo 5 Reconstruction Project provides excellent transportation convenience, being close to Duseo Station on subway line 1. Additionally, there are excellent educational institutions such as Guseo Elementary School, Guseo Girls' Middle School, and Namsan Middle School nearby, providing a very good educational environment for children. Furthermore, it is in proximity to Geumjeong-gu's central commercial district, ensuring easy access to various convenience facilities.
Q. What is the purpose of this public display announcement and the future procedures?
It aims to collect opinions from residents as a preliminary procedure for the announcement of the project implementation plan authorization.
This public display announcement serves as a process for collecting opinions from residents and stakeholders regarding the application for project implementation plan authorization for the Guseo 5 Reconstruction Project, in accordance with the Urban and Residential Environment Maintenance Act. During the public display period, landowners and association members can submit written opinions. After gathering opinions, the project implementation plan authorization announcement will take place, revealing detailed information such as household composition and the distribution ratio.
