Table of Contents
- Eco Delta City, Hub of Busan's Future Industry Strategy
- Background of the Designation of Eco Delta City as a Special Opportunity Development District
- Consolidation Structure of Data Centers, Mobility, and Robotics Industry
- Linking Distributed Energy Special District, Enhancing Power Competitiveness
- Key to Attracting Companies, Tax and Financial Incentives
- Conclusion | Eco Delta City, The Testing Ground for Busan's Industrial Transition
- Frequently Asked Questions (FAQ)
Eco Delta City, Hub of Busan's Future Industry Strategy
Eco Delta City in Busan's Gangseo District has been designated as a new Special Opportunity Development District covering approximately 371,000 pyeong. This serves as an important turning point for Busan's industrial structure.
This designation is focused on intensively nurturing the mobility and robotics industry around the data center. It is a strategic decision aimed at attracting large-scale private investment and creating new jobs.
With this achievement, Busan has secured the third Special Opportunity Development District as the first metropolitan city. This is expected to positively impact the local economy.
Background of the Designation of Eco Delta City as a Special Opportunity Development District
This designation was made according to the Ministry of Trade, Industry and Energy's "Comprehensive Announcement on the Designation of Special Opportunity Development Districts".
Eco Delta City in Busan was highly evaluated for the following reasons. Firstly, it has the location conditions that can supply large-scale power, and an environment has been created to accommodate advanced industries based on smart city principles. Additionally, the spatial structure supports simultaneous data industry and R&D.
Busan City achieved this result through a company demand survey, infrastructure review, and consultations with relevant ministries for this special district designation.
Consolidation Structure of Data Centers, Mobility, and Robotics Industry
The Eco Delta City Special Opportunity Development District plans to have 14 companies participate, investing 5.3615 trillion won and creating 965 jobs.
The industrial structure of this region is centered around the data center, focusing on nurturing the mobility and robotics industries based on data utilization. In addition, it aims to build a virtuous cycle industrial ecosystem by integrating industrial land and R&D special districts.
This plan is significant in that it is focused not on short-term sale-centered development, but on long-term growth potential.
Linking Distributed Energy Special District, Enhancing Power Competitiveness
Eco Delta City is the first area in Korea designated as a Distributed Energy Special District. This allows for stable power supply to industries with high power consumption, such as data centers. It also enhances energy cost competitiveness and possesses future potential for linking renewable energy and smart grids.
Busan City plans to gradually build energy-based industrial infrastructure linking these distributed energy and special opportunity development districts. This is expected to contribute to revitalizing the local economy and industrial development.
Key to Attracting Companies, Tax and Financial Incentives
Companies located in areas designated as Special Opportunity Development Districts can enjoy various benefits.
Corporate and income taxes will be reduced, and acquisition and property taxes will also be exempted. Additionally, local investment promotion subsidies can be provided, along with specialized training programs for workforce development.
Busan aims to activate private investment through these incentives, aiming for both industrial structure transformation and local job creation.
Conclusion | Eco Delta City, The Testing Ground for Busan's Industrial Transition
Recently, the designation of Eco Delta City as a Special Opportunity Development District is not merely an addition of industrial land. It marks a significant event signaling the beginning of a future-oriented industrial platform that integrates power, data, and advanced industries. If follow-up support and additional special districts are designated, Eco Delta City is highly likely to develop into a hub for new growth industries in Busan.
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Frequently Asked Questions (FAQ)
Q. What is the main background of Eco Delta City's designation as a Special Opportunity Development District?
It was designated as a hub for advanced industries equipped with large-scale power supply and a smart city environment.
Eco Delta City was selected according to the Ministry of Trade, Industry and Energy's comprehensive announcement on the designation of Special Opportunity Development Districts, having the capability for large-scale power supply and an environment that accommodates advanced industries based on smart cities. The structural space also enables enhanced cooperation between industry, academia, and research through support for both data industry and R&D.
Q. What are the industrial structure and goals of Eco Delta City Special Opportunity Development District?
It aims to create a sustainable industrial ecosystem by linking mobility and robotics industries centered around the data center.
The Eco Delta City special district is centered around the data center and has a strategy to intensively nurture the mobility and robotics industries. A total of 14 companies plan to invest 5.3615 trillion won and create 965 jobs. By integrating industrial land and R&D special districts, the goal is to establish a virtuous cycle industrial ecosystem that aims for long-term development and innovation rather than short-term sales.
Q. How will Eco Delta City's power competitiveness be enhanced through the designation of the Distributed Energy Special District?
It provides stable power supply and enhances energy cost competitiveness, with the potential for integration with renewable energy and smart grids.
Eco Delta City has been designated as the first Distributed Energy Special District in Korea, establishing a stable power supply basis for high power-consuming industries such as data centers. This strengthens energy cost competitiveness and has potential for future linkage with renewable energy and smart grid technologies. Busan plans to gradually develop this energy-based industrial infrastructure to contribute to regional economic revitalization.
Q. What incentives can companies enjoy from the designation of the Special Opportunity Development District?
Reductions in corporate and income taxes, acquisition taxes, and benefits from investment promotion subsidies and specialized training programs.
Companies located within the special district will receive reductions in corporate and income taxes, as well as exemptions from acquisition and property taxes. Additional local investment promotion subsidies are provided, and specialized training programs for workforce development are also available. Busan aims to attract private investment through these tax and financial incentives, aiming to achieve the dual goal of industrial transformation and job creation.
Q. What does the designation of Eco Delta City as a Special Opportunity Development District mean for Busan's industrial development?
It marks the establishment of a future-oriented industrial platform, laying the groundwork for Busan to become a hub for new growth industry.
This designation signals the beginning of building a future-oriented industrial platform that integrates power, data, and advanced industries beyond merely expanding industrial land. If follow-up support and additional designations are granted, Eco Delta City is highly likely to develop into a center for new growth industries in Busan, serving as a crucial testing ground for the transition of Busan's industrial structure and regional economic revitalization.