Final Approval for Lifting Development Restrictions in Busan Research and Development Special Zone

The development-restricted zone of the Busan Research and Development Special Zone, which will serve as a hub connecting industry, academia, and research, has been lifted, allowing full-scale development to proceed.

Busan City announced that the Central Urban Planning Committee of the Ministry of Land, Infrastructure and Transport finalized the decision on the 29th to lift the development-restricted zone on approximately 1.7 million square meters of the Busan Research and Development Special Zone in Daejeo-dong, Gangseo-gu.

The Busan Research and Development Special Zone was designated and announced as a special zone by the Ministry of Science and ICT in 2012, but the project had been stalled for over a decade due to plans for the expansion of Gimhae Airport and other factors.

Since then, Mayor Park Hyung-jun swiftly initiated the process to lift the development-restricted zone starting with public viewing and announcements from April last year, achieving the final decision to lift the restriction in just over a year.

The Busan Research and Development Special Zone is one of the 120 national tasks, aiming to secure local scientific and technological sovereignty, realize innovative growth, and establish a base for balanced national development.

Map of locations subject to the lifting of development restrictions in the Research and Development Special Zone.

The city plans to establish an innovative ecosystem for the shipbuilding and marine industries and exhibition and convention facilities on the approximately 1.7 million square meters of the Busan Research and Development Special Zone site in Daejeo-dong, Gangseo-gu, transforming it into a global business hub connecting industry, academia, and research.

Additionally, in connection with the Busan Daejeo Public Housing District, the city plans to develop a mixed-use self-sufficient city that complements industry, residence, culture, and leisure, promoting proximity between workplaces and homes.

Mayor Park Hyung-jun stated, “The Busan Research and Development Special Zone is an area where industry, academia, research, and support organizations interact to build an organic network, becoming a hub for knowledge dissemination, innovation creation, and convergence of science and technology.”

He added, “With the final decision to lift the development-restricted zone of this research and development special zone, the lock opening the full-scale start of the project has been turned. We will ensure that this area becomes a key axis to enhance Busan’s research and development (R&D) capabilities and grow Busan into a ‘Global Busan.’”

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