Table of Contents
Announcement of Approval for the Management and Disposal Plan of Changgok General Market Market Maintenance Project
- Area of 271-1 Choeup-dong, Busanjin-gu, district map, location, project viability, Busan redevelopment plan
The maintenance project of Changgok General Market has received approval for the management and disposal plan and has entered the full-scale relocation and demolition stage.
This project, located in 271-1 Choeup-dong, Busanjin-gu, received approval on December 3, 2025, marking an important turning point. This achievement came three years after the approval of the project implementation plan in December 2022.
This approval becomes an important first step for the smooth progress of the market maintenance project.
According to recent announcements, the site of Changgok General Market is set to transform into a new look. This site spans an area of 3,242 square meters and is planned to be developed in a structure with 4 underground floors and 25 above-ground floors, including a total of 138 residential units.
This project includes 138 residential units as well as a commercial facility of 4,408 square meters. Additionally, a public contribution facility of 180 square meters is also planned. Due to the development into a single building with a height of 25 floors, it is expected to serve as a landmark that will significantly change the skyline of the Choeup-dong area.
This sales plan is noteworthy for consisting of 138 units in the general sale. Units will mainly be medium-sized types of 75㎡, 77㎡, and 84㎡, and a structure will be adopted where the landowner's shares are distributed into commercial spaces without any reserved land, effectively highlighting the characteristics of the market maintenance project.
The Choeup and Yeonji areas have recently completed redevelopment projects, and urban maintenance work is actively being carried out. In particular, the Raemian Urban Park in the Yeonji 2 district has started moving in, and the Choeup 2 district redevelopment and Choeup Sky Channel Forest Resort have successfully completed their construction.
Currently, redevelopment maintenance projects in the Choeup 1 district and Yeonji 3 and 4 districts are underway. As a result, significant improvements in the residential environment are taking place, and these projects are expected to synergize with each other.
Busanjin-gu has entered a phase where the long-term aged central district is starting to absorb new housing demand through maintenance work. Additionally, the stable maintenance of school-age populations further enhances the residential competitiveness of the Choeup living area. This change is expected to have a positive impact on future local development.
With the approval of the management and disposal plan, the demolition of existing buildings is set to begin in December 2025. Following this, the sale announcement, construction start, and completion processes will follow in order. Since relocation has already been completed, immediate demolition work is expected to take place. Changgok General Market is a traditional market with a long history, but has faced difficulties due to aging and vacancies. Through this maintenance project, two positive changes—market revitalization and increased housing supply—are anticipated.
The areas of Choeup and Yeonji boast excellent accessibility to the city center and are equipped with great natural environments such as Seongjigok Water Source and Children’s Grand Park. Furthermore, they have strong connectivity with Jeonpo, Buam, and Yeonsan districts, making them a very advantageous location. For these reasons, the potential for redevelopment projects is highly evaluated in this region. The approval of this management and disposal plan is expected to positively influence the progress of maintenance projects in the Choeup area.
Announcement No. 2025-192 of Busan Metropolitan City, Busanjin-gu
Announcement of Approval for the Management and Disposal Plan of the Changgok General Market Market Maintenance Project
In accordance with Article 74, Paragraph 1 of the Urban and Residential Environment Maintenance Act, the management and disposal plan for the Changgok General Market Maintenance Project, which was previously approved as Announcement No. 2022-188 by Busan Metropolitan City, Busanjin-gu (dated December 29, 2022), is hereby approved and announced according to Article 78, Paragraph 4 of the same law.
December 10, 2025
Head of Busanjin-gu Office, Busan Metropolitan City
1. Type and name of the maintenance project
a. Type: Market Maintenance Project
b. Name: Changgok General Market Maintenance Project
2. Location and area of the maintenance zone
a. Location: Area of 271-1 Choeup-dong, Busanjin-gu, Busan Metropolitan City
b. Area: 3,242.30㎡
3. Name and address of the project implementer
a. Name: Changgok General Market Maintenance Project Corporation
b. Address: 37 Seongjigok-ro 33beon-gil, Busanjin-gu, Busan Metropolitan City
4. Date of approval for the management and disposal plan: December 3, 2025.
5. Summary of the management and disposal plan approval
a. Construction plan including the scale of land and buildings
| Category | Land Area (㎡) | Number of Buildings | Number of Floors | Number of Units | Total Building Area (㎡) | Remarks |
| Total | 3,242.3000 | 1 | 4 Basement Floors ~ 25 Above Ground Floors | 138 Units | 27,870.2192 | |
| Residential Units | 2,708.3774 | 1 | 4 Basement Floors ~ 25 Above Ground Floors | 138 | 23,280.7181 | Mixed-Use |
| Commercial | 512.8992 | - | 4,408.7883 | |||
| Public Contribution Facilities | 21.0233 | - | 180.7128 |
b. Scale of housing or reserved land and sales plan
| Target Supply | Number of Units by Housing Size [(Net Area)㎡] | Commercial | Public Contribution Facilities | ||||||
| Total | 75.9866 | 77.9562 | 77.9780 | 84.8567 | 84.9550 | 84.9887 | |||
| Total | 138 | 23 | 23 | 23 | 23 | 23 | 23 | 4,408.7883 | 180.7128 (Donation) |
c. Specifications for newly established or abolished maintenance infrastructure: Not Applicable
d. Scheduled timing for the demolition of existing buildings: December 2025
※ The scheduled timing for demolition may change during the project progress.
6. Other Matters
Relevant documents are omitted, and for the convenience of landowners and interested parties, they will be kept at the Economic and Tourism Department of Busanjin-gu Office (☎051-605-4492) and the office of Changgok General Market Maintenance Project Corporation (☎051-809-2191).
Category
Announcement
Institution Category
City/Gun
Institution
Busanjin-gu
Announcement Number
No. 2025-192
Title
Announcement of Approval for the Management and Disposal Plan of the Changgok General Market Maintenance Project
Date
December 10, 2025
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Frequently Asked Questions (FAQ)
Q. When is the approval date for the management and disposal plan of the Changgok General Market Maintenance Project?
The management and disposal plan for the Changgok General Market Maintenance Project was approved on December 3, 2025.
The Changgok General Market Maintenance Project, taking place in the area of 271-1 Choeup-dong, Busanjin-gu, received approval for the management and disposal plan in accordance with the Urban and Residential Environment Maintenance Act on December 3, 2025. This approval is considered an important achievement for the project, marking a significant turning point as it starts the full-scale relocation and demolition phase, about three years after receiving approval for the project implementation plan in December 2022.
Q. What are the main development details of the Changgok General Market Maintenance Project?
A complex of 138 mixed-use residential units and 4,408㎡ of commercial facilities, along with a 180㎡ public contribution facility will be developed.
This project will develop a mixed-use residential complex with a single building structure of 4 underground floors and 25 above-ground floors, spanning an area of 3,242㎡. A total of 138 residential units will be provided, with medium-sized units of 75㎡, 77㎡, and 84㎡ available for general sale. Additionally, it will include 4,408㎡ of commercial facilities and 180㎡ of public contribution facilities, aiming to establish itself as a new landmark in the Choeup-dong area.
Q. When will the demolition of the existing Changgok General Market buildings begin?
Demolition work is scheduled to start in December 2025.
With the approval of the management and disposal plan, demolition of the existing Changgok General Market buildings is planned to begin in December 2025. Since the relocation has already been completed, immediate demolition work is expected to take place, followed by the announcement of sales, start of construction, and completion processes in sequence. This project anticipates positive changes addressing the issues of aging traditional markets and expanding housing supply.
Q. What is the current status of redevelopment in the Choeup and Yeonji areas?
Numerous redevelopment projects are completed and ongoing in the Choeup and Yeonji areas.
The Choeup and Yeonji areas have been actively undergoing redevelopment, including the move-in of Raemian Urban Park and the completion of redevelopments in Choeup District 2 and Choeup Sky Channel Forest Resort. Currently, redevelopment maintenance projects in Choeup District 1 and Yeonji Districts 3 and 4 are under progress, significantly improving the residential environment of the old urban center. Multiple projects are expected to synergize, positively impacting the competitiveness of the Choeup living area and regional development.
Q. What are the expected effects of the Changgok General Market Maintenance Project on the region?
The project is anticipated to stimulate market activities and expand housing supply, contributing to regional development.
The Changgok General Market Maintenance Project is expected to bring two positive changes as a long-standing traditional market faces challenges due to aging and vacancies: revitalization of the market and provision of new residential spaces. Moreover, the region's residential competitiveness is poised to strengthen with stable school-age populations and excellent natural environments and accessibility to the city center, contributing to sustainable development.