Busan-Jinhae Free Economic Zone

Internationally Competitive Logistics Hub

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Busan-Jinhae Free Economic Zone

bjfez
Internationally Competitive Logistics Hub

The Busan-Jinhae Economic Zone (BJFEZ) is one of the best distribution hubs in Northeast Asia. BJFEZ, which handles 75% of South Korea's total freight cargo, ranked sixth in the world in terms of container handling capacity and second in transshipment. It has industrial clusters for shipbuilding, auto and machinery and is a home to electric car companies, data centers and many other next-generation digital companies.

  • Designation Date2003.10.30
  • Development period2003 to 2027

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Advantages

Global logistic hub
  • An optimal logistic center connecting major seaports around the world (124 times from the Americas, 32 times from Europe, 84 times from Japan, 78 times from China, and 148 times from Southeast Asia per week)
  • An integrated sea-air transportation system connecting Gimhae International Airport with New Busan Port
  • Port terminals capable of loading and unloading the world’s largest 24,000 TEU-class container vessels 24/7
Industrial infrastructure with global competitiveness
  • A home to about 90% of the world’s top-tier shipbuilders, including Hyundai Heavy Industries, Samsung Heavy Industries, and Daewoo Shipbuilding & Marine Engineering
  • The world’s seventh largest cluster of auto industries, such as subcontractors of automobile companies (Renault Samsung Motors, Hyundai Motor Company, GM, etc.)
  • A hub of digital industries with value chains of electric vehicles built around KORENS EM and a cluster of global companies’ data centers지
A desirable city to live with beautiful natural landscapes and resort and leisure facilities
  • A hub of major international conferences and conventions (ASEAN-Republic of KOREA Commemorative Summit, International Anti-Corruption Conference, AfDB Annual Meetings, etc.)
  • A place where various festivals (Busan International Film Festival, Sea festival, Fireworks Festival, International Motor Show, G-STAR, etc.) take place year round
  • A paradise of water sports (yachting, surfing, paddle boating, wind surfing, kayaking, etc.)

Busan-Jinhae Free Economic Zone Major projects

  • New Harbor Region

    Detail view

    11.11㎢

    • LocationAll areas of Songjeong-dong, Gangseo-gu, Busan, and Yongwon-dong, Jinhae-gu, Changwon-si, Seongbuk-dong
    • Project cost53,126 billion
    • Business period2000 to 2025
    • Planned population19,048
    • Construct a mega-hub port for northeast Asia and a logistics hub port
    • Construct a cutting-edge complex logistics base that supports a function of port and a background city
    • Contribute to promoting a harbor physical industry to grow as the leading marine city
  • Myeongji District

    Detail view

    12.79㎢

    • LocationAll areas of Myeongji-dong, Sinho-dong, Hwajeon-dong, and Daejeo-dong, Gangseo-gu, Busan
    • Project cost50,977 billion
    • Business period1993~2023
    • Host population 113,576
    • Create a hub for international business and a settlement environment for foreigners
    • Secure the main space for providing the global standard of settlement environment, including residence, education, etc.
    • Create an eco-friendly ecological polis, such as establishing a large scale central park and green network
  • Ungdong District

    Detail view

    9.77㎢

    • LocationNamyang-dong, Nammun-dong, Sudo-dong, Jejeok-dong, and Waseong and Ungdong Bay, Jinhae-gu, Changwon-si
    • Project cost23,600 billion
    • Business period1988~2023
    • Planned population18,918
    • Develop an industrial complex to attract the cutting-edge industry
    • Establish a distribution district by creating a background supply complex for the new harbor
    • Provide a high-quality leisure·recreational service by establishing a tourist leisure complex
  • Jisa District

    Detail view

    13.06㎢

    • LocationJisa-dong, Mieum-dong, Saenggok-dong, Songjeong-dong, Noksan-dong, Gangseo-gu, Busan
    • Project cost40,811
    • Business period1991~2022
    • Planned population30,048
    • Automobile parts, machine, shipbuilding equipment, and cutting-edge parts materials industry cluster
    • The center of cutting-edge research facilities, such as hydromechanics Research Lab at FAU (Friedrich Alexander University in Germany), Mieum R&D research special zone, etc.
  • Dudong District

    Detail view

    4.34㎢

    • Location Yongwon-dong, Du-dong, Jinhae-gu, Changwon-si, Gyeongsangnam-do
    • Project cost7,055 billion
    • Business period 1988 ~ 2023
    • Host population22,421
    • Expand distributive research and enhance R&D function
    • Plan convenience for workers in the district by developing residential area
    • Create an urban hybrid leisure space

Major resident companies

  • Wilo Pump

    [Germany] Wilo Pump manufacturing pumps and systems for building services and industrial applications
  • Tsubakiauto Automotive Korea Co.

    [Japan] Tsubakiauto Automotive Korea Co. manufacturing automobiles’ engine parts
  • Höganäs Korea

    [Sweden] Höganäs Korea manufacturing powdered metals
  • LS Metal Co.

    [Korea] LS Metal Co. manufacturing copper tubes and pipes, stainless steel pipes
  • LG CNS Data Center

    [Korea]LG CNS Data Center information services

Contact point

  • Tel051-979-5000
  • Investment consultationBusan : 051-979-5241, Jinhae : 051-979-5261
Online Investment Consultations

Songdo International City

Yeongjong Area

Cheongna International City

New Port Area

Myeongji Area

Ungdong Area

Jisa Area

Dudong Area

Gwangyang District

Yulchon District

Sindeok District

Hadong District

Hwayang District

Gyungdo District

Pyeongtaek Area - Poseung District

Hyeondeok

Siheung-Baegot

Daegu Technopolis District

International Fashion District

Sinseo Meditech District

Yeongcheon Industry District

Suseong Medical District

Pohang Fusion Tech District

Gyeongsan Knowledge Industry District

Yeongcheon High-tech Park

Bukpyeong high-tech parts multifunctional industrial complex

Mangsang International Multifunctional Tour City

Okgye high-tech material · parts convergence and integration complex

Osong Biovalley

Cheongju Aeropolis

Smart Energy Industrial ZoneⅠ

Smart Energy Industrial ZoneⅡ

AI Convergence District

Future Automotive Industry District

Hydrogen Industry Base District

Electrogen Auto Valley

R&D Business Valley