Haeundae Arboretum Development Donation of 500 Million KRW by Housing and Urban Guarantee Corporation ... Busan City Holds Donation Ceremony

Donation for Landscaping Project Scheduled at Busan City Hall at 4 PM on the 27th

Urban Citizens' Rest Area to Be Reborn from Waste Landfill Site

Panoramic view of Busan City Hall.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] The Housing and Urban Guarantee Corporation has generously donated 500 million won to create Haeundae Arboretum, a new resting space for Busan citizens.

Busan City (Mayor Park Hyung-jun) and the Housing and Urban Guarantee Corporation (CEO Kwon Hyung-taek) announced that a donation ceremony will be held at 4 p.m. on the 27th in the protocol room on the 7th floor of City Hall.

The ceremony will be attended by Busan Mayor Park Hyung-jun, Housing and Urban Guarantee Corporation CEO Kwon Hyung-taek, and other related officials.

The Housing and Urban Guarantee Corporation plans to donate 500 million won to Busan City to be used for the landscaping project of the arboretum.

This will be a great help in transforming the Haeundae Arboretum, which had been stalled due to lack of project funds, into a ‘healing space’ for citizens.

The Haeundae Arboretum was created by converting a former landfill site into an eco-friendly arboretum, and since the 20th, some completed sections have been temporarily opened to the public.

The total area of the arboretum is about 190,000 pyeong, approximately 1.4 times the size of Busan Citizens Park (140,000 pyeong), and it is highly anticipated as an urban resting space when fully opened in 2025.

Busan Mayor Park Hyung-jun said, “I am grateful for the generous donation despite difficult times,” and added, “We will strive to realize the great intention of the donation by developing the Haeundae Arboretum.”

The Housing and Urban Guarantee Corporation performs guarantee services and policy projects to promote housing welfare and revitalize urban regeneration, and relocated its headquarters to Busan in 2015.

This content was produced with the assistance of AI translation services.