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Business Overview

Overview

  • Location: 242 Duwang-dong, Nam-gu, Ulsan
  • Area : 1,286,977㎡
  • The development of the hydrogen industry base district has been completed, and 86 companies and related organizations are currently located in the district.
    • Research institutions in related industries are located in the district, including the eco-friendly battery convergence demonstration complex
    • The hydrogen supply pipe is connected to the district, which is advantageous for hydrogen-related demonstration research.
  • In the future, the plan for site expansion is under review (promotion of feasibility services)
242 Duwang-dong, Nam-gu, Ulsan

Roadmap for Fostering Business District

Fostering
Goal
Establishment of a key hub for the Ulsan hydrogen industry through the ufezEng.
Fostering Strategy 1
  • Establishment of an organization to support hydrogen industry promotion
  • Support for fostering the hydrogen industry and continuous establishment of educational institutions
  • Establishment and operation of a promotion hall (experience hall) to promote the Ulsan hydrogen industry
Fostering Strategy 2
  • Expansion of hydrogen industry demonstration business
  • Expansion of demonstration business by solving regulations related to commercialization of hydrogen industry
Fostering Strategy 3
  • Support for the creation of a self-sufficient hydrogen city
  • Expansion of business districts to attract additional companies and institutions
  • Expansion of the role of administrative and technical support for the creation of a self-sufficient hydrogen city
Expected Effect
Expected Effect Expansion of hydrogen town formation
Expected Effect Integration of supporting organizations to foster the hydrogen industry
Expected Effect Hydrogen city model construction

Development Plan Outline

Division, Main Content
Division Main Content
Necessity of Designation - Need for a base area for research and development and hydrogen production
* Integration of public institutions related to research and development and production facilities to foster the hydrogen industry
- Need to activate existing major industries related to hydrogen industry
* Creation of production and research institutes that can work together with existing major industries such as automobile, shipbuilding, and petrochemical industries
Developer, Implementation Period and Implementation Method Developer Korea Industrial Complex Corporation and Ulsan Metropolitan City Corporation
Implementation Period 2010 ~ 2018
Development Method Public Development Method
Financing Method - Total Project Cost : 373.6 billion won
* Self-funded by Korea Industrial Complex Corporation and Ulsan City Corporation
Land Use Plan
division, Area (㎡), Composition Ratio (%)
division Area (㎡) Composition Ratio (%)
Sum 1,286,977.0 100.0
Industrial facility site 669,544.4 52.0
R&D facility site 370,013.2 28.8
Industrial facility site 299,531.2 23.2
Support facility site 30,321.7 2.4
Residential facility site 91,860.5 7.1
Independent housing site 29,525.9 2.3
Apartment house site 62,334.6 4.8
Public facility Lot 495,250.4 38.5
road 192,882.9 15.0
Park 103,474.7 8.0
Green area 102,074.0 7.9
River 34,816.5 2.7
Water storage basin 18,585.3 1.4
Water reservoir - -
Water supply facility (industrial water supply) 17,398.9 1.3
Electricity supply facility 5,103.1 0.4
Parking lot 9,771.3 0.8
School 11,121.7 0.9
Gas supply facility 22.0 0.1
Population Acceptance and Residential Facility Development Plan Planned Population Estimation - A total number of 16,777 residents: 11,732 (living and full-time) and 5,045 (utilization population)
- Industrial facility 2,697
- R&D facility 6,827
- Supporting facility 2,924
- Residential facility 4,329
Residential Facility Planning - A total of 1,536 households in the district
- 267 detached households, 1,269 households of apartments
Transportation Plan - Planning to build local distribution roads, inner circulation roads, local roads and special roads for district connection
- Strengthening the connection with other business districts in the UFEZ through a new road network plan
Industrial Attraction Plan - Arrangement by industry group in consideration of the characteristics of each industry
- Attracting industry: hydrogen industry manufacturing and R&D
Industry Group, Area(㎡), Composition Ratio(%)
Division Area(㎡) Composition Ratio(%)
Industrial facility site 669,544.4 100.0%
Research and development (R&D) 370,013.2 55.3%
Renewable energy 19,497.0 2.9%
Advanced convergence components 176,814.6 26.4%
Fine chemistry 14,508.1 2.2%
Transportation and machine 82,174.3 12.3%
Health Care, Education and Welfare Facility Development Plan Educational Facilities 5 locations near the business district
Medical Facilities 81 locations near the business district
Environmental Conservation Plan Developing previously established areas into an eco-friendly industrial complex
Foreign Investment Attraction and Residential Environment Creation Plan Attracting hydrogen industry-related institutions, R&D institutions, and related parts production companies to grow as a base area for fostering the hydrogen industry in Ulsan
Plan to Supply Land for Foreign-Invested Company The ufezEng does not separately develop a plan to supply land for foreign-invested companies.
Detailed Plan for Infrastructure Facilities such as Water and Information Communication Establishing a plan for water supply, sewage treatment, and sewage discharge
Supplying power from a new substation in the district
Plan for Cultural Facilities, Parks and Green Areas
Industry Group, Area(㎡), Composition Ratio(%)
Division Area(㎡) Composition Ratio(%)
Target area 1,287,204 -
Sum 205,821 16.0
Park 103,433 8.0
Green area 102,388 8.0
Urban Landscape Plan Establishment of management plan and color design strategy according to Ulsan City Landscape Plan Reorganization Plan
Plan for Underground Infrastructure such as Common Duct The UFEZ does not plan to install common ducts and underground facilities.
Plan for Major Attractions and Installation Standards Attracting public institutions and research institutes related to the hydrogen industry
Economic Feasibility Review of Infrastructure Plan for Development 5 new road construction plans in progress
Matters Concerning Reinvestment of Development Gains The hydrogen industry base district is not eligible for redemption according to Article 4 of the Enforcement Decree of the Restitution of Development Gains Act.
Financial Resource and Investment Plan & Ripple Effect Economic Analysis
Cost Benefit Analysis(B/C), Net Present Value(NPV (100 million won), nternal Rate of Return IRR(%)
Cost Benefit Analysis(B/C) Net Present Value(NPV (100 million won) Internal Rate of Return IRR(%)
1.52 1,314.7 11.6
Development Effect Analysis
Production Inducement Effect, Added Value Inducement Effect, Import Inducement Effect, Job Creation Effect
Production Inducing Effect Added Value Inducing Effect Import Inducing Effect Employment Inducing Effect
21,102 8,319 2,785 13,014