BUSAN, South Korea — In a significant development, Mayor Park Heong-joon visited the site where the Sasang Industrial Complex will undergo a monumental transformation into a futuristic urban hub dubbed the ‘Sasang Dream Smart City.’ The project is seen as a cornerstone in adapting to the Fourth Industrial Revolution.
The ceremonial start of this ambitious project was marked by the groundbreaking of the West Busan Administration Town (SeoBusan Administration Town), also known as the Second Busan City Hall, located in the Sasang District on November 6, 2023. This event heralds the construction of a key part of the smart city project, which will house various institutions pivotal to Busan’s future growth. The proceedings were attended by a distinguished roster of over 400 participants, including government officials, local representatives, and business leaders.
Background of the SeoBusan Administration Town Initiative
The West Busan Administration Town (SeoBusan Administration Town) represents a strategic urban development project that is part of a larger initiative to revitalize and innovate the industrial landscape of Busan, South Korea. This project is set to serve as the secondary hub for the city’s administrative functions, colloquially referred to as the second Busan City Hall. The initiative falls under the broader “Sasang Dream Smart City” project, which aims to transform the aging Sasang Industrial Complex into a leading-edge urban area centered on the Fourth Industrial Revolution.
Role and Vision
The SeoBusan Administration Town is envisioned to play a pivotal role in balancing urban development between the eastern and western parts of Busan. It is expected to become a central hub for administration, digital transformation, and economic promotion, facilitating the growth and diversification of the regional economy. The establishment of this new administrative town is a conscious move towards decongesting the central areas of Busan and promoting regional development equity.
Key Features and Facilities
The new town will host several key institutions that are vital to Busan’s economic drive and innovation. These include:
- Busan Techno Park, serving as an incubator for tech businesses and startups.
- Busan Economic Promotion Agency, focusing on the growth and support of local and regional businesses.
- Busan Credit Guarantee Foundation, assisting in financial support and credit services for businesses.
- The Urban Balanced Development Office, overseeing equitable urban growth across the city.
- A Data Center, supporting the city’s information and technological infrastructure.
- Busan Development Institute, acting as a think tank for policy and developmental research.
- A Digital Business Support Complex, which will house approximately 260 domestic content firms specializing in gaming, video content, and other digital ventures.
Impact on Local Infrastructure and Environment
The administration town will also contribute to the improvement of local infrastructure and environmental conditions. This includes modernizing old facilities such as the local sewage treatment center, which is undergoing an upgrade to mitigate odors and provide better living conditions for the residents. Furthermore, the project involves the expansion of roads, construction of urban rail systems, and the establishment of cultural and sports centers to enrich community life.
The West Busan Administration Town is anticipated to catalyze the transformation of the Sasang area into a dynamic and competitive industrial and innovation hub. By leveraging the principles of the Fourth Industrial Revolution, the project aims to elevate Busan’s standing both nationally and globally as a forward-thinking, smart urban center. Moreover, the new administrative complex promises to offer a more pleasant and livable environment for its citizens through the integration of advanced urban planning and technology.
Current Status and Future Plans
The groundbreaking ceremony for the SeoBusan Administration Town is a significant milestone marking the commencement of construction. With a focus on timely and efficient project completion, the Mayor of Busan, Park Heong-joon, has emphasized the city’s commitment to ensuring that the Sasang Dream Smart City becomes a reality, reflecting a new era of urban innovation and prosperity for Busan.