Table of Contents
Notice on the Extension of the Dismantling Deadline for Guseo 4 District Reconstruction
- Guseo-dong, Geumjeong-gu, 167-1, location, area map, progress, perspective view
The deadline for the dismantling of the redevelopment area for the Guseo 4 District reconstruction project in Guseo-dong, Geumjeong-gu has been extended.
Busan City announced on December 17, 2025, through a notice that the deadline for the Guseo 4 reconstruction project would be extended until December 29, 2027.
The Guseo 4 District has been slowly progressing through reconstruction procedures since it was designated as a maintenance area on May 17, 2017. This area spans 11,254.6㎡. Under this reconstruction project, three apartment buildings with a basement level of 3 floors and 29 floors will be constructed, totaling 301 units.
Additionally, accompanying public welfare facilities are also planned to be developed. On December 30, 2022, the approval for the establishment of the association was obtained, and HJ Construction was selected as the contractor for approximately 96.2 billion won. This movement is expected to have a positive impact on the development of the Guseo 4 District.
This year's extension of the release deadline is based on the "Urban and Residential Environment Maintenance Act," following a request by over 30% of landowners (associates) for an extension. Busan City deemed it necessary to maintain the status of the maintenance area to systematically improve the residential environment and ensure the sustainability of the project.
The location conditions are very favorable. It is close to Dushil Station on Busan Metro Line 1, making transportation convenient, and educational institutions such as Guseo Elementary School, Dushil Elementary School, Namsan Elementary School, Namsan Middle School, and Guseo Girls' Middle School are nearby. Furthermore, various daily necessities are densely located, making it known as an area with stable housing demand.
The extension of the dismantling deadline prevents the situation where the area is automatically released due to delays in the project. This plays an important role in securing time for the association to proceed to the project's implementation plan and management stages in the future.
In particular, the Guseo 4 District reconstruction project is receiving much attention as to whether it can maintain the sustainability of the project promotion due to this extension. It is necessary to observe what impact these changes will have on the future progress.
Busan City Notice No. 2025-491
Notice on the Extension of the Dismantling Deadline for Guseo 4 District Reconstruction
Regarding the Guseo 4 District reconstruction maintenance area at 167-1 Guseo-dong, Geumjeong-gu, Busan, according to Article 20, Paragraph 6 of the "Urban and Residential Environment Maintenance Act," the extension of the dismantling deadline is announced in accordance with the provisions of the same article, Paragraph 7.
December 17, 2025
Mayor of Busan
1. Extension of the dismantling deadline
| District Name | Location | District Area (㎡) | Extension of Dismantling Deadline | Remarks |
| Guseo 4 District Reconstruction Maintenance Area | 167-1 Guseo-dong, Geumjeong-gu | 11,254.6 | Until 2027. 12. 29. | - |
※ According to Article 20, Paragraph 1, Subparagraph 2, Item d of the "Urban and Residential Environment Maintenance Act," this extension is granted for a period of 2 years from the specified date.
※ Change of name of district and representative land number change considering the current status of the site as per Article 2 of the "Urban and Residential Environment Maintenance Act."
2. Reasons for the extension of the dismantling deadline
- In accordance with Article 20, Paragraph 1, Subparagraph 2, Item d of the "Urban and Residential Environment Maintenance Act," the extension was requested by more than 30% of property owners (associates) prior to the expiration of the specified deadline, in order to systematically improve the residential environment.
3. For more details, contact the Urban Maintenance Division of Busan City (051-888-4244) or the Architecture Division of Geumjeong-gu (051-519-4614) where relevant documents are available.
Classification
Notification
Institution classification
City
Agency
Busan Metropolitan City
Notification number
No. 2025-491
Title
Notice on the Extension of the Dismantling Deadline for Guseo 4 District Reconstruction
Date
December 17, 2025
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Frequently Asked Questions (FAQ)
Q. Until when has the dismantling deadline for Guseo 4 District Reconstruction been extended?
The dismantling deadline for Guseo 4 District has been extended until December 29, 2027.
According to the notice issued by Busan City on December 17, 2025, the dismantling deadline for the Guseo 4 reconstruction project has been extended by 2 years to December 29, 2027. This extension is a decision reflecting the request from more than 30% of landowners under Article 20 of the "Urban and Residential Environment Maintenance Act." Therefore, the association has secured a period to continue pushing forward with the project.
Q. What are the main contents and progress of the Guseo 4 District Reconstruction project?
Guseo 4 District will consist of 3 apartment buildings with 301 units and public welfare facilities, with HJ Construction participating as the contractor.
Guseo 4 District has been proceeding through restoration procedures since its designation as a maintenance area in 2017, with plans to build 3 apartment buildings with a structure up to 3 basement floors and 29 floors on an area of approximately 11,254.6㎡. The approval for the establishment of the association was obtained on December 30, 2022, and HJ Construction was appointed as the contractor for approximately 96.2 billion won. The project is currently being systematically promoted primarily by the association, and the extension of the dismantling deadline has provided a basis for sustained promotion.
Q. What is the reason for the extension of the dismantling deadline?
It was extended due to requests from more than 30% of landowners for the improvement of the residential environment and business sustainability.
According to the "Urban and Residential Environment Maintenance Act," more than 30% of landowners (associates) requested an extension of the dismantling deadline. Busan City took measures to maintain the status of the maintenance area to ensure systematic improvement of the residential environment and the uninterrupted promotion of the project. This is an important decision to prevent the risk of project suspension due to automatic release and to provide the association with time to enter the management disposition phase.
Q. What are the location and surrounding environment of Guseo 4 District like?
It is near Dushil Station on Busan Metro Line 1, with elementary and middle schools as well as daily convenience facilities nearby, providing a good residential environment.
Guseo 4 District is located in the area of 167-1 Guseo-dong, Geumjeong-gu, Busan, and is adjacent to Dushil Station on Line 1 of the subway, providing excellent transportation access. Nearby, there are several educational institutions such as Guseo Elementary School, Dushil Elementary School, Namsan Elementary School, Namsan Middle School, and Guseo Girls’ Middle School, which enhance the educational environment. Additionally, various daily convenience facilities are densely located in the area, making it expected to have stable housing demand due to these advantageous location conditions.