Busanjinhae Free Economic Zone Scales Up Investment Attraction with $200 Million Foreign and 600 Billion Won Domestic Targets This Year
by Kim Yongu
Published 30 Jan.2026 12:16(KST)
"Overseas Investment Presentations for Core Strategic Industries"
Targeted Attraction in Key Markets: US, Japan, China, and Southeast Asia
The Busanjinhae Free Economic Zone is scaling up its investment attraction efforts this year, setting targets of $200 million in foreign investment and 600 billion won in domestic investment.
The Busanjinhae Free Economic Zone Authority, led by Commissioner Park Seongho, announced on January 30 that it has finalized its "2026 Comprehensive Investment Attraction Plan," which focuses on establishing a global integrated logistics business hub and attracting advanced core strategic industries, and will begin full-scale investment attraction activities.
Despite global economic uncertainties last year, the Authority achieved $454 million in foreign direct investment (FDI), reaching 252% of its target. Building on this, the Authority has set its 2026 FDI target at $200 million, an 11.1% increase from the previous year. The domestic investment attraction target remains at 600 billion won, the same as last year, with plans to pursue more strategic attraction activities.
The Authority will leverage port logistics infrastructure to go beyond simple logistics functions and create a high-value-added integrated logistics cluster that combines manufacturing, logistics, and R&D. It plans to attract companies with manufacturing, processing, assembly, and research capabilities to the port hinterland, and to lay the institutional groundwork for attracting global logistics companies by conducting research to improve logistics industry incentive systems.
Tailored site strategies reflecting the characteristics of each district will also be implemented. The Mieum, Jisa, and Nammun districts will be developed as advanced manufacturing clusters focused on materials, parts, and equipment, while the Ungdong Phase 2, Namcon hinterland, and Bobaebokhap districts will be fostered as high-value-added integrated logistics hubs.
The Myeongji district will be developed into an international city combining international business, advanced R&D, medical, and educational functions, with the aim of evolving into a global business hub where integrated logistics and core strategic industries converge.
Overseas investment attraction will focus on key markets such as China, Japan, Singapore, and the United States. The Authority plans to form a "one team" with companies already established in the zone to hold on-site investment presentations, directly sharing investment experiences and information on residential and business environments to achieve tangible results.
The Authority will also strengthen its comprehensive support system for corporate growth after investment attraction. During the attraction phase, it will support investment structure and business feasibility reviews through consulting by investment design experts. In the growth phase, it will offer programs tailored to industry demand, such as logistics convergence talent development and e-commerce seller training, as well as promote global cooperation projects.
Commissioner Park Seongho stated, "By leveraging our geographical advantage as an integrated logistics hub and combining on-site investment promotion with regulatory innovation, we will quickly translate interest into actual investment," adding, "We aim to create a world-class free economic zone where companies can thrive."
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