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ProjectUpdated on 20 August 2025

BJFEZ PROJECT - The Global Hub for International Business and Logistics: Tourism, Leisure, Education, and Medical

Su Bi Lee

Manager at BUSAN JINHAE FREE ECONOMIC ZONE AUTHORITY

Busan, South Korea

About

As of 2023, BJFEZ is home to 2,266 companies, including 218 foreign-invested companies, collectively generating around USD 26 billion in annual sales.

While primarily focused on logistics and high-tech industries, the Busan-Jinhae Free Economic Zone (BJFEZ) also presents significant opportunities in tourism and leisure, combined with education and medical services. The development of specialized facilities enhances the region's appeal for both residents and visitors. Key highlights include:

-Tourism and Leisure Facilities:

  • The Ungdong District offers sites ideal for hotels, resorts, outlet shopping malls, and theme parks, promoting a vibrant tourism sector.
  • The area’s excellent accessibility to Busan's cultural attractions, beaches, and entertainment options positions BJFEZ as a prime destination for both business and leisure travelers.

-Educational Institutions: *BJFEZ is home to the Royal Russell School Busan Campus, set to open in 2024, which will offer K-12 education with a focus on international curricula. This institution will cater to both foreign and local families, enhancing the educational landscape of the region.

-Medical Services: *With plans for international medical institutions, BJFEZ aims to provide high-quality healthcare services, further attracting expatriates and their families. This integration of medical services complements the existing educational offerings, creating a comprehensive ecosystem for living and working.

-Community Infrastructure: *The eco-friendly residential areas within BJFEZ boast great community infrastructure, including international schools and hospitals, which support a high quality of life for both foreign-invested companies and their employees.

By combining tourism, leisure, education, and medical services, BJFEZ not only enhances its attractiveness as a business hub but also fosters a vibrant community, ensuring a well-rounded experience for residents and visitors alike.

Start and grow your business in BJFEZ – Korea’s gateway to global business and logistics success.

Project Location

  • South Korea

Project Format

  • Public Project

ESG (Environmental, Social, and Governance)

  • No

Project Stage

  • Operations

Government approval on

30/03/2004

Tender submission by

30/03/2004

Contract awarded on

30/03/2004

Target completion by

14/10/2027

Main Project Sector

  • Manufacturing
  • Transport and Logistics Infrastructure

Manufacturing

Parts & Equipment, Mechatronics and Marine equipment.

Transport and Logistics

  • Warehouse And Logistics Parks

Total Project Value

  • 25,000,001 to 50,000,000 USD

Investment Capital Required

  • 5,000,001 to 7,500,000 USD

Interested Format of Cooperation

  • Joint Venture
  • Seeking for Tenant

Preferred Financing Model

  • Equity
  • Open for negotiation

Previous Funding Stage

  • None

Main Service(s) Required

  • Transportation Services

Infrastructure Services

  • Port, Terminal & Airport

Transportation Services

  • Container Terminal
  • Freight Forwarder / Logistics Service Provider

Attached files

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