Busan Urban Corporation Launches Full-Scale Development of Centum2 'Urban Convergence Special Zone'

Busan Metropolitan City Corporation (BMC) held a kickoff meeting on the 12th for the establishment of the implementation plan for the Centum 2 District Urban Convergence Special Zone in the Urban High-Tech Industrial Complex.

This meeting was held to review the direction of the full-scale project promotion, with the attendance of the head of the corporation's Strategic Business Division, representatives from the service provider, and responsible staff.

The meeting discussed differentiated development plans for the Urban High-Tech Industrial Complex and technical measures to attract advanced companies in AI, ICT, robotics, and other fields.

BMC plans to carefully review the presented opinions to establish a high-quality implementation plan and obtain approval from the Ministry of Land, Infrastructure and Transport by 2026 through consultations with Busan City.

Centum 2 District was designated as a leading zone of the Urban Convergence Special Zone in November 2021. In line with the enforcement of the "Special Act on the Creation and Promotion of Urban Convergence Special Zones" in April 2024, it received designation as an Urban Convergence Special Zone and basic plan approval from the Ministry of Land, Infrastructure and Transport in November of the same year. This project is being promoted on a 1.91 million square meter site in the areas of Banyeo, Bansong, and Seokdae in Haeundae-gu, with a total investment of 2.0411 trillion KRW planned.

Shin Chang-ho, President of Busan Metropolitan City Corporation, stated, “Centum 2 District will grow into a hub of advanced industries with global competitiveness through the establishment of a system for training professionals and innovative talents,” and added, “We will do our best to make it a leading case of the Urban Convergence Special Zone through systematic planning.”

Busan Urban Corporation is holding a kickoff meeting for the establishment of the implementation plan for the Centum 2 District Urban High-Tech Industrial Complex and Urban Convergence Special Zone. Provided by Busan Urban Corporation

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