Table of Contents
Xi The Premiums, Guseo Sunkyung Apartment Reconstruction / Guseo 5 Reconstruction Project Business Implementation Plan Approval Notice
- Geumjeong-gu 185-1 area, project plan, public notice approval, number of households, progress status
The Guseo 5 reconstruction project, specifically the Guseo Sunkyung Apartment reconstruction, made progress by obtaining business implementation plan approval on November 21, 2025. Notably, the public notice for the business implementation plan approval was conducted in October 2025, and the approval was granted within a month, suggesting that the administrative procedures for this maintenance project are proceeding briskly. This rapid pace is expected to positively affect the future progress of the project.
The Guseo 5 reconstruction project was designated as a maintenance area according to Busan Metropolitan City’s Notice No. 20020-262 in 2020, and a change designation was made in 2024. This area is located around 185-1 Guseo-dong, Geumjeong-gu, and the total area of the maintenance zone is approximately 38,600㎡.
The implementer of this project is the Guseo 5 District Reconstruction Maintenance Project Association, and the entire implementation period is set to progress over 72 months, or 6 years, based on the date of the public notice approval.
The architectural plan revealed in this public notice indicates that the complex will consist of 6 buildings with structures from 5 underground floors to 28 above ground floors, ultimately developing a total of 800 households. The total floor area is approximately 177,000㎡, with a building coverage ratio of 19.09% and a floor area ratio of 274.07%.
The housing types are diverse, ranging from a dedicated area of 59㎡ to 165㎡, with 481 units of the 84㎡ type, making it suitable for actual demanders. This design reflects consideration of various housing needs.
Guseo 5 District is located in Guseo-dong, a major residential area in Geumjeong-gu, characterized by its proximity to Jungang-daero, Oncheoncheon living zone, and excellent subway accessibility. The Guseo 5 reconstruction project is garnering substantial attention as it will apply the 'Xi' brand of GS Construction.
With a combination of brand preference and resident demand in Geumjeong-gu, this area is likely to transform into a competitive new apartment complex. These factors are expected to further enhance the future value of the Guseo 5 District.
A public notice was issued in October 2025, and following that, the public notice approval was rapidly completed in November. Now that a significant hurdle has been overcome, this approval signifies a major advancement into the full-fledged stage of the reconstruction.
Next, processes such as management disposal approval, relocation, demolition, and construction will follow, marking a new turning point for the reconstruction project.
Notice No. 2025-171 from Busan Metropolitan City Geumjeong District
Public notice on the business implementation plan approval for the Guseo 5 reconstruction project
According to Busan Metropolitan City's notice No. 20020-262 (July 15, 2020) establishing the maintenance plan and designating the maintenance area, and Busan Metropolitan City's notice No. 2024-210 (July 10, 2024) for modifying the maintenance plan and area, and Busan Metropolitan City's Notice No. 2024-327 (October 9, 2024) to extend the term of maintenance area release, the Guseo 5 reconstruction project located at 185-1 Guseo-dong, Geumjeong-gu is approved for the business implementation plan according to Article 50 of the Urban and Residential Environment Maintenance Act, and this is officially announced in accordance with Article 10 (3) of the enforcement regulations of the same law.
November 26, 2025
Head of Geumjeong-gu Office, Busan Metropolitan City
1. Type and Name of the maintenance project
a. Type: Reconstruction project
b. Name: Guseo 5 Reconstruction Project
2. Location and area of the maintenance zone
a. Location: 185-1 Guseo-dong, Geumjeong-gu, Busan Metropolitan City
b. Area: 38,600.1㎡
3. Name (Title) and Address of the Project Implementer
a. Implementer: Guseo 5 District Reconstruction Maintenance Project Association (Chairman Pi Seung-ik)
b. Address: 902, 9th floor, 1925 Jungang-daero, Geumjeong-gu, Busan Metropolitan City
4. Implementation period of the maintenance project:
72 months from the date of business implementation plan approval
5. Date of business implementation plan approval:
November 21, 2025 (Friday)
6. Specification of land or buildings to be acquired or used, and details of rights other than ownership:
N/A
7. Architectural plan for site area, building coverage ratio, floor area ratio, height, purpose, etc.
| Category | Content | Category | Content |
| Site Area | 34,586.1㎡ | Building Area | 6,603.5595㎡ |
| Building Coverage Ratio | 19.09% | Total Floor Area | 177,016.3233㎡ |
| Floor Area Ratio | 274.07% | Maximum Height | 84.55m |
| Purpose | Multi-family housing (Apartment) and ancillary welfare facilities, neighborhood commercial facilities | Number of Floors | 5 basement floors / 28 above ground floors |
| Number of Buildings | 6 buildings | Number of Households | 800 households |
8. Housing scale and housing construction plan
| Supply Classification | Housing Type | Number of Buildings | Number of Households | Number of Households by Housing Size (based on dedicated area,㎡) | ||||
| Sale | Apartment | 6 | 800 | 59.9659㎡ | 62.9011㎡ | 84.9746㎡ | 84.9868㎡ | 84.9735㎡ |
| 51 households | 55 households | 339 households | 86 households | 56 households | ||||
| 107.7494㎡ | 110.1053㎡ | 134.8034㎡ | 158.9525㎡ | 165.0929㎡ | ||||
| 77 households | 55 households | 78 households | 1 household | 2 households | ||||
| Rental | Apartment | - | - | - | - | - | - | - |
9. Matters concerning the attribution of maintenance infrastructure and land according to Article 97 of the Urban and Residential Environment Maintenance Act
a. Newly installed maintenance infrastructure
| Category | Name | Location | Scale | Details of Land Affected | Cost Burden and Details | |
| Number of Lots | Area | |||||
| Total | 1 | 4,014.00 | ||||
| Road | Jung-ro 2-200 | Start: Guseo-dong 158-1 End: Guseo-dong 718-16 | Width: 15~19m Length: 1,250(160)m | 1 | 645.90 | Free attribution to the project implementer/management agency |
| Road | Soro 1-33 | Start: Guseo-dong 184-15 End: Guseo-dong 185-1 | Width: 10~19m Length: 309(225)m | 1,307.10 | ||
| Road | Soro 2-121 | Start: Guseo-dong 194-7 End: Guseo-dong 192-1 | Width: 8~15m Length: 309(227)m | 1,535.20 | ||
| Road | Soro 1-125 | Start: Guseo-dong 184-1 End: Guseo-dong 184-24 | Width: 11m Length: 177m | 525.80 | ||
b. Maintenance infrastructure that will be abolished: Not applicable
10. Licensing issues under other laws
a. Building permit in accordance with Article 11 of the Building Act
b. Approval of the business plan in accordance with Article 15 of the Housing Act
c. Designation of the project implementer for urban and county planning facility projects under Article 86 of the Act on the Planning and Use of Land and approval of the implementation plan under Article 88 of the same Act
d. Other approvals deemed necessary under Article 57 of the Urban and Residential Environment Maintenance Act
11. Decision documents for urban planning facilities (roads) (regarding the designation of project implementers for urban planning facility projects under Article 86 of the Act on the Planning and Use of Land and the approval of implementation plans under Article 88, as declared under Article 91 of the same Act)
a. Location of the project site: 185-1 Guseo-dong, Geumjeong-gu, Busan Metropolitan City
b. Type of project: Urban planning facility project (road)
c. Name of project: Urban planning facility project road (Jung-ro 2-200, Soro 1-33, Soro 2-121, Soro 1-125) construction work
d. Scale of project
○ Urban planning facility (road)
| Category | Scale | Function | Length (m) | Start Point | End Point | Usage Type | Major Passing Spots | Initial Decision Date | Remarks | |||
| Grade | Type | Number | Width (m) | |||||||||
| Existing | Jung-ro | 2 | 200 | 15~19 | Local Road | 1,250(160) | Guseo-dong 158-1 | Guseo-dong 718-16 | General Road | - | Geumjeong-gu Notice No. 2008-16 | |
| Existing | Soro | 1 | 33 | 10~19 | Local Road | 309(225) | Guseo-dong 184-15 | Guseo-dong 185-1 | General Road | - | Geumjeong-gu Notice No. 2008-16 | |
| Existing | Soro | 2 | 121 | 8~15 | Local Road | 309(227) | Guseo-dong 194-7 | Guseo-dong 192-1 | General Road | - | Geumjeong-gu Notice No. 2008-16 | |
| Existing | Soro | 1 | 125 | 11 | Local Road | 177 | Guseo-dong 184-1 | Guseo-dong 184-24 | General Road | - | Geumjeong-gu Notice No. 2008-16 | |
c. Name and Address of the Project Implementer
1) Guseo 5 District Reconstruction Maintenance Project Association (Chairman Pi Seung-ik)
2) 902, 9th floor, 1925 Jungang-daero, Geumjeong-gu, Busan Metropolitan City
d. Implementation period: 72 months from the date of business implementation plan approval
e. Specifications and owners of land or buildings to be acquired or used
| Location | Lot No. | Land Type | Area (㎡) | Incorporated Area | Owner | Remarks | ||||
| Jung-ro 2-200 | Soro 1-33 | Soro 1-125 | Soro 2-121 | Subtotal | ||||||
| Guseo-dong | 185-1 | Land | 38,600.1 | 645.9 | 1,307.1 | 525.8 | 1,535.2 | 4,014.0 | Land Rights Established | |
g. Related drawings: omitted
12. Plan for installing public pedestrian pathways
| Category | Plan | Remarks |
| Public Pedestrian Pathway | ◦Location: The connection area between Soro 1-33 and Soro 2-121 (within the complex) ◦Width: 6m or more ◦Details: The public pedestrian pathway section will be created so that the general public can use it as a walkway, remaining open 24 hours. |
Classification
Announcement
Organizational Classification
District
Agency
Geumjeong-gu
Notice/Announcement Number
No. 2025-171
Title
Public Notice of Business Implementation Plan Approval for Guseo 5 Reconstruction Project
Date
November 26, 2025
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Frequently Asked Questions (FAQ)
Q. What is the location and area of the Guseo 5 reconstruction project?
The Guseo 5 reconstruction project is located in the area of 185-1 Guseo-dong, Geumjeong-gu, Busan, covering 38,600㎡.
The Guseo 5 reconstruction project is located in Guseo-dong, Geumjeong-gu, Busan, with the designated maintenance area measuring approximately 38,600.1㎡. This area is part of the major residential areas in Busan, indicating excellent locational conditions. The project has been implemented since it was designated as a maintenance area in 2020, with some changes made in 2024.
Q. Who is the project implementer and what is the duration of the Guseo 5 reconstruction project?
The implementer is the Guseo 5 District Reconstruction Association, and the duration is 72 months.
The implementer of the Guseo 5 reconstruction project is the Guseo 5 District Reconstruction Maintenance Project Association (Chairman Pi Seung-ik), located at 902, 9th Floor, 1925 Jungang-daero, Geumjeong-gu, Busan Metropolitan City. The project duration is planned to be 72 months (6 years) starting from the date of business implementation plan approval on November 21, 2025. Processes such as management disposal approval, relocation, demolition, and construction will sequentially take place during the project phases.
Q. What is the architectural plan and number of households for the Guseo 5 reconstruction project?
It is planned to have 6 buildings with a height of 5 underground floors to 28 above ground floors, totaling 800 households.
This reconstruction project will establish a complex consisting of 6 buildings and a total of 800 households. The buildings will rise from 5 underground floors to 28 above ground floors, covering a total floor area of approximately 177,000㎡. The building coverage ratio is set at 19.09%, and the floor area ratio at 274.07%. Housing sizes will vary from dedicated areas of 59㎡ to 165㎡, with 481 units of the 84㎡ type providing suitable sizes for actual users, reflecting efforts to accommodate diverse housing needs.
Q. What maintenance infrastructure is included in the Guseo 5 reconstruction project?
It includes neighborhood commercial facilities, public pedestrian pathways, and the construction of four new urban planning roads.
This reconstruction project will include neighborhood commercial facilities and a public pedestrian pathway over 6m wide, which will remain open 24 hours to enhance the convenience for residents. Additionally, four new urban planning roads, namely Jung-ro 2-200, Soro 1-33, Soro 2-121, and Soro 1-125, are expected to significantly improve access to the complex and surrounding traffic conditions. These infrastructure enhancements will contribute to the qualitative improvement of the surrounding residential environment and transportation conditions.
Q. What is the status of the administrative procedures for the Guseo 5 reconstruction project?
The public notice for the business implementation plan was conducted in October 2025, and the approval was quickly completed in November.
The administrative procedures for the Guseo 5 reconstruction project proceeded rapidly after the business implementation plan public notice was held in October 2025, achieving the approval on November 21 at a very fast pace. This marks a critical turning point in which the project is officially moving forward, with management disposal plans, relocation, demolition, and construction expected to follow smoothly.
Q. What is the brand of the Guseo 5 reconstruction apartment and what does it imply?
It will apply the GS Construction 'Xi' brand, reflecting the high residential demand in the area.
The Guseo 5 reconstruction project is expected to feature GS Construction's 'Xi' brand, symbolizing reliability and high-quality apartments. Guseo-dong in Geumjeong-gu benefits from proximity to Jungang-daero, Oncheoncheon living zone, and excellent subway access, resulting in high residential preference. The combination of brand awareness and local demand is expected to significantly enhance the future value of Xi The Premiums as a competitive new apartment complex.