• 2025.10.22 (Wed)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
APEC2025KOREA가이드북
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
MENU
 
Home > Industry

Busan's Redevelopment of Aging Planned Cities Finally Takes Its First Step

Hee Chan Kim Reporter / Updated : 2025-07-09 14:27:46
  • -
  • +
  • Print

 

Busan Metropolitan City has announced the commencement of a large-scale redevelopment project aimed at improving the residential environment of its aging planned cities. Specifically, Haeundae Green City and the Hwamyeong-Geumgok District in Buk-gu are set to play a leading role in the revitalization of Busan's aging planned cities. This initiative is regarded as a significant project that goes beyond simple housing reconstruction to innovatively transform the entire spatial structure of the city.

Pilot District Selection and Project Overview 

On July 9, Busan City announced that it would conduct an open call for pilot districts for the redevelopment of aging planned cities in the Hwamyeong-Geumgok and Haeundae 1 & 2 districts. Through this public offering, redevelopment projects will be pursued for apartment complexes totaling 2,500 units in the Hwamyeong-Geumgok District and 3,200 units in the Haeundae 1 & 2 districts. Busan City, in cooperation with the Ministry of Land, Infrastructure and Transport, finalized these figures after thoroughly analyzing the demand for relocation and housing supply in the areas surrounding the designated zones.

The redevelopment of aging planned cities is on a different level from typical reconstruction. The target area is much larger, and it's a project that goes beyond simply rebuilding old apartment complexes; it comprehensively remodels the spatial structure of densely populated older apartment areas. The goal is to enhance the overall competitiveness of the city by reorganizing urban functions, improving transportation infrastructure, and expanding green spaces. A Busan City official stated, "We will ensure thorough management of housing supply and demand to provide stable relocation support during the redevelopment process."

Hwamyeong-Geumgok District: A Humane City Embraced by Forests and Rivers 

The Hwamyeong-Geumgok District (area 2.71㎢), developed between 1995 and 2002, will be reborn under the slogan "Hwamyeong-Geumgok: A Humane City Embraced by Forests and Rivers." The main redevelopment goals are 'fostering regional specialized hubs,' 'realizing a 15-minute city,' 'establishing a green-blue network,' and 'implementing a future green transportation city.'

Notably, the standard floor area ratio (FAR) has been raised to an average of 350%. This is significantly higher than the current average FAR of 234%, demonstrating Busan City's strong commitment to ensuring project feasibility. The increase in FAR is expected to secure momentum for the project and enable more efficient space utilization. Additionally, the plan includes various initiatives to improve residents' quality of life, such as expanding parks and green spaces within the complex, creating pedestrian-friendly safe streets, and strengthening public transport connectivity.

Haeundae 1 & 2 Districts: A Leap Towards a New Future City 

The Haeundae 1 & 2 districts (area 3.05㎢), completed in 1997 through a residential land development method, will undergo redevelopment under the theme "Haeundae Green City: Opening a New Future City with Residents." The standard FAR here is set at 360%, higher than the current average FAR of 250%, thus securing project feasibility.

The spatial structure improvement plan for Haeundae 1 & 2 districts includes concepts such as a 'sustainable convergence city' and a 'smart mobility city.' Haeundae Green City, one of Busan's representative new towns, is expected to solidify its status as a marine tourism hub and transform into an eco-friendly smart city incorporating advanced technology through this redevelopment. Various innovative attempts are anticipated, including the introduction of future-oriented transportation systems, the construction of smart buildings that enhance energy efficiency, and the creation of new urban functions utilizing marine resources.

Proactive Master Plan Establishment and Future Promotion Plans 

Following the enforcement of the 'Special Act on the Redevelopment and Support of Aging Planned Cities' in April, Busan City selected Haeundae 1 & 2, Hwamyeong-Geumgok, Dadae area, Mandeok, and Mora as redevelopment targets. Among these, Busan City proactively established master plan proposals for the Phase 1 target areas, Haeundae 1 & 2 districts and Hwamyeong-Geumgok District, after consulting with relevant organizations such as the Ministry of Land, Infrastructure and Transport and the Korea Research Institute for Human Settlements. This marks the first instance of a metropolitan city announcing a master plan proposal, demonstrating Busan City's strong drive for the redevelopment of aging planned cities.

Busan City plans to select the final pilot districts in December this year after a public review process. The selection criteria will comprehensively consider factors such as resident participation (consent rate), urgency of redevelopment, and the ripple effect of project implementation.

Furthermore, Busan City plans to commence the establishment of master plan proposals for the Phase 2 aging planned city redevelopment targets, including the Dadae, Mandeok, Mora, Gaegum, and Danggam districts, this month. Busan City will operate an advisory group composed of experts in various fields to enhance the professionalism and objectivity of the master plan establishment process and will operate a 'Visiting Future City Support Center' to actively gather residents' opinions.

Busan Mayor Park Heong-joon expressed his ambition, stating, "We will build new development models that consider Busan's natural environment, including rivers, mountains, and the sea, along with new city functions," and that this aging planned city redevelopment project will enable Busan to develop into a sustainable future-oriented city. This project is expected to be a significant turning point in strengthening Busan's urban competitiveness and dramatically improving citizens' residential environment.

[Copyright (c) Global Economic Times. All Rights Reserved.]

Hee Chan Kim Reporter
Hee Chan Kim Reporter

Popular articles

  • A Success Story Built on a Piece of Banana: The Secret to 'Nanica Brasil's' Success

  • SK Hynix's Market Cap Surpasses ₩300 Trillion on 42nd Anniversary, Driven by AI Memory Dominance

  • Seosan Haemie Eupseong Festival Opens with a Flourish: A Weekend of History and Family Fun  

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://globaleconomictimes.kr/article/1065590807506934 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • Japan Elects Ultraconservative Sanae Takaichi as First Female Prime Minister: The 'Female Abe' Ascends
  • Trump Pressured Zelensky to 'Accept Russia's Demands or Be Destroyed,' Report from FT Reveals
  • Kering Sells Beauty Division to L'Oréal for €4 Billion Amid Gucci Slump 
  • NATO Deputy Secretary General Pledges to Strengthen Substantive Cooperation with South Korea, Including Defense Industry
  • Uruguay Becomes First Latin American Country to Legalize Euthanasia by Law
  • Peru Declares State of Emergency Amid Political Unrest Fueled by 'Gen Z' Protests

Most Viewed

1
The Imminent Reality: Donald Trump's Unlikelihood for the Nobel Peace Prize as a Destroyer of International Order
2
Renewable Energy Covers 100% of Global Electricity Demand Growth in H1 2025, Marking a Turning Point in the Fossil Fuel Era
3
McDonald's 'Subtle Racism' Controversy: Korean American Denied Order After 70-Minute Wait
4
A Chemical Revolution, the Era of Metal-Organic Frameworks (MOFs) Begins: 2025 Nobel Prize in Chemistry
5
Early Winter Chill Grips South Korea as Seoraksan Sees First Snow
광고문의
임시1
임시3
임시2

Hot Issue

EU States Agree to Complete Phase-Out of Russian Gas by End of 2027

US Ships to be Built in South Korea: Washington Considers Easing Protective Maritime Laws for Alliance Shipbuilding Cooperation

South Korea to Drastically Increase Domestic LNG Shipping Rate to 70%

Japan Elects Ultraconservative Sanae Takaichi as First Female Prime Minister: The 'Female Abe' Ascends

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • APEC2025가이드북TV
  • 세종시
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
  • Multicultural News
  • Jobs & Workers
  • APEC 2025 KOREA GUIDE