Development of Bobae Complex District Back on Track After 20 Years... Nation's Largest Cold Chain Facility to Be Built

Ministry of Trade, Industry and Energy Approves Revised Development Plan
Project Aims for Completion by 2027

The Busan-Jinhae Free Economic Zone Authority (Commissioner Park Seongho) announced on October 27 that the Ministry of Trade, Industry and Energy has approved and officially announced the revised development plan for the Bobae Complex District within the Busan-Jinhae Free Economic Zone.

The Bobae Complex District project involves the development of industrial, research, work, and public facilities on an approximately 780,000-square-meter site in Dudong, Jinhae-gu, Changwon City. Bobae Industries Co., Ltd. is leading the project, aiming for completion by 2027.

This revision to the development plan was initiated to address the increased logistics demand resulting from the activation of Busan New Port and the construction of Jinhae New Port, as well as to reflect changes in corporate demand for occupancy. The original proposal was approved at the 145th Free Economic Zone Committee meeting held on September 22.

The main changes include: ▲ addition of logistics business to industrial land use ▲ installation of the nation’s largest underground cold chain facility ▲ expansion of industrial land and reduction of research, work, and public land ▲ changes to road plans to accommodate medium and large vehicle traffic.

Notably, the project will feature the nation’s largest underground tunnel-type cold chain facility. This facility will be about three times larger than a similar one currently operating in Gonjiam, Gyeonggi Province, and is expected to become a key hub for temperature-sensitive logistics such as fresh foods and pharmaceuticals.

The Free Economic Zone Authority expects that this approval will accelerate the attraction of promising domestic and international companies and the creation of new jobs. The authority plans to begin land sales in the fourth quarter of 2026 by proceeding with both the implementation plan approval and infrastructure construction in parallel, and will support early construction by utilizing the pre-completion use approval system.

Park Seongho, Commissioner of the Busan-Jinhae Free Economic Zone Authority, stated, "With this approval and announcement by the Ministry of Trade, Industry and Energy, the development of the Bobae Complex District, which had been delayed for over 20 years, has officially begun in earnest. We will foster it as a new industrial hub combining manufacturing and logistics, and will swiftly proceed with attracting companies and supplying land."

Bird's-eye view of Bobae Complex District.

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