A Preview of the 2040 Busan-Jinhae Free Economic Zone Blueprint

Experts Gather to Shape Future Strategies and Vision
for the Busan-Jinhae Free Economic Zone

The Busan-Jinhae Free Economic Zone Authority (Commissioner Park Sungho) held an expert advisory meeting on the 31st in the main conference room to establish the “Busan-Jinhae Free Economic Zone (BJFEZ) 2040 Development Plan.”

The meeting was attended by 15 experts from various fields, including Commissioner Park Sungho, as well as representatives from major related organizations and companies such as the Busan Institute, Gyeongnam Institute, Busan Technopark, Gyeongnam Technopark, and Busan Port Authority.

This meeting was organized to seek sustainable development directions for BJFEZ over the next 20 years and to establish a mid- to long-term roadmap in response to the rapidly changing global industrial environment and shifts in technological paradigms.

The meeting covered discussions on five key areas: ▲Analysis of internal and external environments and establishment of future strategies ▲Development plans ▲Investment attraction strategies ▲Industrial development strategies ▲Improvement of residential environments and corporate support.

The attending experts shared their opinions on strategic directions and policy enhancements needed for BJFEZ to become a global business and logistics hub.

Practical development directions were proposed, such as establishing a mega tri-port integrated logistics system connecting Jinhae New Port, Gadeokdo New Airport, and the railway network, creating advanced industry clusters, improving residential environments, and attracting investment linked to regional specialized industries.

They also agreed on the importance of preparing implementation strategies that align with the government’s mid- to long-term policies.

Commissioner Park Sungho emphasized, “The expert opinions gathered this time will serve as an important foundation for the establishment of the BJFEZ 2040 Development Plan,” and added, “We will do our best to help BJFEZ leap forward as a globally competitive free economic zone based on the strengths of Busan and Gyeongnam.”

An expert advisory meeting for establishing the BJFEZ development plan.

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