Investment Project

Busan-Jinhae

Busan-Jinhae
Free Economic Zone

Internationally Competitive Logistics Hub

Internationally Competitive Logistics Hub

The Busan Port is Korea’s largest logistics hub, connected to major ports in Japan, China and Russia, handling the world’s sixth-largest cargo volume. The city is Korea’s top summer vacation destination and has hosted prestigious international events. The BJFEZ has an industrial cluster for shipbuilding, carmaking and machinery, as well as being a center for tourism and leisure.
Designation Date  |  
2003.10.30
Development period  |  
2003 to 2020

Advantages

International logistic hub
  • Busan connects major feeder ports including 63 in Japan, 40 in China and six in Russia, handling transshipment for imports and exports.
  • It has Busan-Gimhae International Airport, which won the Top Asian Airport Efficiency Excellence Award in 2014, offering a logistical advantage.
  • By 2020, the New Port will have a total of 45 container berths with the capacity to handle more than 22 million TEUs.
Globally competitive industrial infrastructure
  • Approximately 90 percent of Korea’s shipbuilding companies are located in the Busan area. They include Hyundai Heavy Industries, Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering and STX.
  • More than 50 percent of Korean automobiles are manufactured in Busan. The automakers in Busan include Hyundai Motors, GM Korea and Renault Samsung Motors.
  • Around 40 percent of Korea’s machinery and mechatronics companies are located in Busan. Eighty percent of the local aviation parts supply is produced here.
Rich in nature, culture and history
  • The city has hosted various prestigious international events including 2005 APEC Summit, 2008 Ramsar Convention, the annual Busan International Film Festival(BIFF).
  • Busan’s heaven-sent nature includes Korea’s top summer vacation destination Haeundae and Hallyeohaesang National Marine Park.
  • Year-round water sports include windsurfing, yachting and motorboating.

Major projects

Major resident companies

Wilo Pump  |  Germany
- manufacturing pumps and systems for building services and industrial applications

Tsubakiauto Automotive Korea Co.  |  Japan
- manufacturing automobiles’ engine parts

Höganäs Korea  |  Sweden
- manufacturing powdered metals

LS Metal Co.  |  Korea
- manufacturing copper tubes and pipes, stainless steel pipes

LG CNS Data Center  |  Korea
- information services

Contacts

Tel  |  
051-979-5000
Investment Consultations   |  
Busan : 051-979-5171   ,  Gyeongnam : 055-320-5231
Online Investment Consultations