Table of Contents
- Modernization of Busan Joint Fish Market Gets Underway
- HJ Heavy Industries Consortium Signs Contract... Construction to Start by Year-End, Completion Expected in 2029
- Active Reflection of Market Demands such as Widening Auction House and Adjusting Column Spacing
- Maintaining Auction Functions During Construction, Three-Phase Construction Plan
- Project Overview and Scale
- Rebirth as an Innovative Hub for Busan's Seafood Distribution Industry
- Project Schedule
- Frequently Asked Questions (FAQ)
Modernization of Busan Joint Fish Market Gets Underway
The city of Busan has signed a construction contract for the modernization project of the Busan Joint Fish Market. Consequently, a long-standing wish of the fisheries industry that has been delayed for over 10 years is finally being realized.
The project will be overseen by the HJ Heavy Industries consortium and is set to commence construction in late 2025 and be completed by 2029.
The contract aims to transform the dilapidated seafood auction house into a global seafood distribution hub equipped with advanced hygiene and logistics facilities. It is expected to contribute significantly to the development of Busan's fisheries.
HJ Heavy Industries Consortium Signs Contract... Construction to Start by Year-End, Completion Expected in 2029
On November 10, Busan City announced that it had signed an official contract with the HJ Heavy Industries consortium through the Public Procurement Service.
The consortium was selected as the preferred bidder in a technical proposal bidding held in July and submitted the final detailed design documents on October 17. The signing of this contract has completed the construction promotion process, with plans to finalize the permitting procedures by the end of the year.
Accordingly, Busan City plans to start construction of the first phase in December.
This modernization project is a complete reconstruction occurring for the first time in 50 years since its opening in 1973. It aims to improve the outdated facilities and unsanitary open auction environment, transforming it into a closed low-temperature auction house with an automated logistics system.
Active Reflection of Market Demands such as Widening Auction House and Adjusting Column Spacing
The issue of project delays due to differences of opinion with the fish market has been resolved through a 'design document complementing consultation body'.
Led by the head of Busan's Maritime Agriculture and Fisheries Bureau, the consultation body includes various organizations such as Busan's Construction Headquarters, the Joint Fish Market Association, the Central Fisheries Cooperative, the Ministry of Oceans and Fisheries, and the HJ Heavy Industries consortium. The consultation body held a total of four regular meetings from August to September of this year, incorporating important demands such as widening the auction house and adjusting the column spacing into the design.
Through this process, improvements in auction efficiency, which fishermen can tangibly feel, and optimization of logistics routes have been achieved. Ultimately, a final agreement for the commencement of construction and implementation has been reached.
Maintaining Auction Functions During Construction, Three-Phase Construction Plan
To continuously maintain auction functions during the construction period, a three-phase sequential construction method will be implemented. From October to March, which is a peak season for auction volume, construction will be minimized, and phases will be conducted primarily during the off-season.
The first phase will include the main building on the right side of the fish market and the stone embankment area. The second phase will focus on the office facilities and central auction house. Finally, the third phase will involve the left main building and the left stone embankment area.
Through this plan, approximately 60-70% of the auction house area can be maintained during construction, while the remaining space will be utilized as a substitute auction house within the site. This will significantly help ensure the continuity of auction functions.
Project Overview and Scale
The Busan Joint Fish Market modernization project is being carried out with a total budget of 241.2 billion won. Of this, national funding is 165.5 billion won, city funding is 49.9 billion won, and the fish market's self-financing amounts to 25.8 billion won.
The site area is set at 60,198㎡, with a total floor area of 61,971㎡, planned to have structures from 1 basement level to 5 above ground levels.
The core aspects of this project include the establishment of hygienic auction facilities, the introduction of logistics automation systems such as automatic sorting machines, and the opening of a central wholesale market for seafood. Upon completion of this project, it is expected to grow into a national distribution hub for seafood centered around the Namhang area.
Rebirth as an Innovative Hub for Busan's Seafood Distribution Industry
After the construction is completed, the Busan Joint Fish Market will evolve into a smart seafood distribution center that encompasses not only simple auction functions but also cold storage, processing, logistics, and sales.
To ensure efficient auctions, plans are in place to expand automation equipment and hygiene facilities to maintain the freshness and improve the quality of seafood, thereby establishing a competitive distribution system.
Furthermore, the modernized facilities are expected to enhance tourism and promotional functions, evolving into a multifaceted marine cultural space that integrates the fisheries industry and marine tourism.
Through this project, Busan City aims to realize 'Busan as a Global Seafood Distribution Hub' centered around the Namhang area.
Project Schedule
In 2015, a basic plan was established, with a preliminary feasibility study B/C of 2.37. The design service began in 2017.
In 2024, the detailed design will conclude discussions with the Ministry of Economy and Finance. After that, in 2025, the HJ Heavy Industries consortium will be awarded the contract.
Construction is planned to begin in December 2025 for phase one. Finally, the central wholesale market is expected to open in 2029.
The signing of this contract will lead to the actual progression of a project delayed for over ten years and is expected to contribute to the long-standing wishes of Busan's fisheries industry and revitalization of the local economy.
#BusanJointFishMarket, #BusanFishMarket, #HJHeavyIndustries, #BusanJointFishMarketModernization, #BusanSeafoodMarket, #NamhangWholesaleMarket, #BusanSeafoodDistribution, #BusanConstructionContract, #BusanModernizationProject, #BusanSeafoodMarket, #BusanFisheriesIndustry, #SeafoodWholesaleMarket, #BusanEconomy, #BusanPort, #NamhangRedevelopment, #BusanPortFacilities, #BusanFisheriesAssociation, #BusanConstruction, #FisheriesInnovation, #BusanUrbanDevelopment, #BusanCurrentProjects, #BusanMarineIndustry, #BusanNews, #BusanCityAdministration, #BusanProjects, #SeafoodDistributionHub, #AuctionHouseModernization, #BusanPortNamhang, #BusanWholesaleMarket, #BusanSeafoodCity, #BusanInnovationProjects
Frequently Asked Questions (FAQ)
Q. What are the main goals of the Busan Joint Fish Market modernization project?
To transform the outdated auction house into a global seafood distribution hub equipped with advanced hygiene and logistics systems.
The Busan Joint Fish Market modernization project is a complete reconstruction occurring for the first time in 50 years since its opening in 1973. It aims to improve the outdated facilities and unsanitary open auction environment by introducing automated logistics systems and closed low-temperature auction facilities to maximize hygiene levels and logistics efficiency. Through this, the project seeks to revitalize the Namhang area into a national distribution hub for seafood.
Q. Who is the contractor for the modernization project, and what are the construction and completion schedules?
The HJ Heavy Industries consortium is the contractor, with construction starting by the end of 2025 and completion expected in 2029.
Busan City signed a construction contract with the HJ Heavy Industries consortium on November 10, 2024, through the Public Procurement Service. Construction is planned to begin in December 2025, divided into three phases, with a total duration of approximately four years targeting completion in 2029. The signing of this contract officially advances a project that has been delayed for over ten years.
Q. How were the requests from the fish market reflected in the project development process?
Requests such as widening the auction house were incorporated into the design through a complementary consultation body for design documents.
The issues leading to project delays due to differences with the fish market were addressed by forming a ‘design document complementing consultation body’ led by the head of Busan’s Maritime Agriculture and Fisheries Bureau. This body consists of relevant institutions, including Busan City, the Joint Fish Market Association, the Central Fisheries Cooperative, the Ministry of Oceans and Fisheries, and the HJ Heavy Industries consortium. The body held four meetings in August and September of this year, during which essential requirements such as widening the auction area and adjusting column spacing were incorporated into the design.
Q. How will the auction function be maintained during the construction period?
By maintaining approximately 60-70% of the auction house area through three-phase construction and operating a substitute auction house.
The modernization project will be carried out in three phases to ensure continuity of auction functions. From October to March, the peak season, construction will be minimized, with work primarily in the off-season. Phase one will include the main building and stone embankment on the right side, phase two will cover office facilities and the central auction house, and phase three will focus on the left main building and stone embankments. Additionally, a substitute auction house will be operated utilizing idle spaces within the site, allowing construction to progress without compromising auction functions.
Q. What is the budget scale and facility size of the modernization project?
Total budget of 241.2 billion won, with facilities planned from basement level 1 to above-ground level 5, with a total floor area of 61,971㎡.
The Busan Joint Fish Market modernization project has a total budget of 241.2 billion won, comprised of national funding of 165.5 billion won, city funding of 49.9 billion won, and a self-contribution from the fish market of 25.8 billion won. The project site covers 60,198㎡ with a planned total floor area of approximately 61,971㎡ extending from 1 basement level to 5 above-ground levels. Critical project components include establishing hygienic auction facilities, introducing logistics automation systems, and opening a central wholesale market for seafood.
Q. What are the expected benefits after the modernization of Busan Joint Fish Market?
It will develop into a smart seafood distribution center and expand its functionality as a complex marine cultural space.
After the modernization project is completed, the Busan Joint Fish Market is expected to evolve into a smart seafood distribution hub integrating not only auction functionalities but also cold storage, processing, logistics, and sales. The expansion of automation equipment and hygiene facilities will enhance freshness and quality competitiveness. Furthermore, the improved facilities are expected to bolster tourism and promotional activities, growing into a multifaceted marine cultural space that merges the fisheries industry with marine tourism, contributing to Busan's goal of becoming a global seafood distribution hub city.