Business Overview
Overview
- Location : Whole area of 226-2, Jungsan-dong, Buk-gu, Ulsan
- Area : 694,301㎡
- As the electrogen auto valley is located in an area adjacent to the Maegok Industrial Park and the Jungsan Industrial Park, which have been established, the valley has an advantageous location in connection with related industries such as automobile parts.
- Since this district is adjacent to Gyeongju as well as Ulsan, it is highly connected with the outside of Ulsan. In addition, this district has excellent production linkages with large companies such as Hyundai Motor Company.

Roadmap for Business District
- Fostering
Goal - Creation of a core area to create a cluster of hydrogen automobile parts, the future automobile industry
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Fostering Strategy 1
- Securing hydrogen vehicle parts production facilities
- Attracting anchor companies in the field of producing hydrogen vehicle parts and related companies to support them
- · Anchor company: Hyundai Mobis
Fostering Strategy 2- Stabilizing the production of hydrogen-fueled vehicle parts
- Promoting demonstration projects and inspections related to hydrogen automobile parts by reducing hydrogen transportation costs through the connection of hydrogen pipelines
- Establishing a cooperation system for parts production through the network construction of adjacent automobile parts production-integrated industrial complexes (Maegok 1,2,3, Jungsan 1,2)
Fostering Strategy 3- Forming a hydrogen auto parts cluster
- Cooperating with the hydrogen industry base district, an anchor district for the hydrogen industry in the ufezEng
- Cooperating with a finished vehicle manufacturer (Hyundai Motors)
- Constructing a hydrogen auto parts cluster
- Expected Effect
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Supplying and expanding hydrogen-fueled vehicles
Expanding hydrogen charging stations
Advancing the automobile industry
Development Plan Outline
Division | Main Content | |||||||||||||||||||||||||||||||||||||
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Need for Designation | - Supporting the advancement of the automobile industry, which is a major industry in Ulsan - Necessary to attract foreign companies and research institutes for hydrogen automobile parts |
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Developer, Implementation Period and Implementation Method | Developer | Mayor of Ulsan Metropolitan City | ||||||||||||||||||||||||||||||||||||
Implementation Period | 2007 ~ 2020 | |||||||||||||||||||||||||||||||||||||
Development Method | Public Development | |||||||||||||||||||||||||||||||||||||
Financing Method | - Total project cost: 90.3 billion won * Funded by Ulsan Metropolitan City Hall (partial private investment) |
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Land Use Plan |
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Population Acceptance and Residential Facility Development Plan | Planned Population Estimation | - Total estimated population: 1,461 - Industrial facilities: 1,461 people |
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Residential Facility Planning | - No plan to create residential facilities in the district - Use of nearby apartment complexes in Jungsan, Maegok, and Cheongok - Acceptable scale: Over 20,000 households |
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Transportation Plan | - Planning to develop access highways and roads within the complex - Enhancing accessibility to Ulsan Free Economic Zone and other business districts by planning a new road network nearby |
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Industrial Attraction Plan | - hydrogen automobile parts and equipment manufacturing industry
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Health Care, Education, Welfare Facility Development Plan | Educational Facilities | 12 locations near residential areas in the business district | ||||||||||||||||||||||||||||||||||||
Medical Facilities | 91 locations near residential areas in the business district | |||||||||||||||||||||||||||||||||||||
Environmental Conservation Plan | - Focusing on environmental management to preserve the environment - Conducting continuous management, supervision and enforcement through environmental preservation promotion, pollutant emission regulation and environmental monitoring system establishment |
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Foreign Investment Attraction and Residential Environment Creation Plan | Focusing on attracting companies related to the hydrogen industry, such as automobile parts, machinery parts, and energy storage device manufacturing | |||||||||||||||||||||||||||||||||||||
Plan to Spply Land for Foreign-Invested Company | No separate development plan to supply land for foreign-invested companies | |||||||||||||||||||||||||||||||||||||
Detailed Plan for the Establishment of Infrastructure: Water and Information Communication | - Plan for water supply and wastewater treatment - Plan to supply power from a new substation in the district |
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Plan for Cultural Facility, Park and Green Area |
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Urban Landscape Plan | Establishment of the management plan and color design strategy according to Ulsan Landscape Plan Reorganization | |||||||||||||||||||||||||||||||||||||
Plan for Underground Infrastructure such as Common Duct | Design and installation of related facilities in accordance with relevant laws and regulations in consideration of the type and scale of the facilities | |||||||||||||||||||||||||||||||||||||
Plan for Major Attraction Facilities and Installation Standards | Attracting hydrogen-fueled vehicle parts development facilities | |||||||||||||||||||||||||||||||||||||
Economic Feasibility Review of infrastructure plan required for development | A total of 3 new road plans | |||||||||||||||||||||||||||||||||||||
Matters Concerning Reinvestment of Development Gains | Electrogen Auto Valley is not eligible for redemption in accordance with Article 4 of the Enforcement Decree of the Restitution of Development Gains Act (targeted projects). | |||||||||||||||||||||||||||||||||||||
Financial Resource and Investment Plan and Ripple Effect | Economic Analysis |
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Development Effect Analysis |
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