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Development Plan

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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.
Electrogen Auto Valley

Roadmap for Business District

Fostering
Goal
Creation of a core area to create a cluster of hydrogen automobile parts, the future automobile industry
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
Expected Effect Supplying and expanding hydrogen-fueled vehicles
Expected Effect Expanding hydrogen charging stations
Expected Effect Advancing the automobile industry

Development Plan Outline

Division, Main Content
Division Main Content
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
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)
Land Use Plan
Division, Area(㎡), Composition ratio(%)
Division Area(㎡) Composition ratio(%)
Sum 694,301.0 100.0
Industrial facility site 304,782.5 43.9
Public facility lot 389,518.5 56.1
Road 21,687.7 3.1
Green area 338,947.7 48.8
Water storage basin 5,371.8 0.8
River (drain) 17,353.6 2.5
Parking lot 4,454.6 0.7
Water reservoir 1,607.8 0.2
Booster station 32.9 0.0
Sewage mediation pump station 62.4 0.1
Population Acceptance and Residential Facility Development Plan Planned Population Estimation - Total estimated population: 1,461
- Industrial facilities: 1,461 people
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
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
Industrial Attraction Plan - hydrogen automobile parts and equipment manufacturing industry
Division, Area(㎡), Composition Ratio(%)
Division Area(㎡) Composition Ratio(%)
Sum 304,782.5 100.0%
Other transportation equipment manufacturing business 154,641.4 50.7
Electric equipment manufacturing industry
Automobile and trailer manufacturing industry
Other machinery and equipment manufacturing		 150,141.1 49.3
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
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
Plan for Cultural Facility, Park and Green Area
Division, Area(㎡), Composition Ratio(%)
Division Area(㎡) Composition Ratio(%)
Sum 338,947.7 100.0
Green landscape 288,736.9 85.2
Green area 50,210.8 14.8
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
Cost Benefit Analysis(B/C), Net Present Value NPV(100 million won), internal Rate of Return IRR(%)
Cost Benefit Analysis(B/C) Net Present Value NPV(100 million won) Internal Rate of Return IRR(%)
2.76 1,114.8 12.0%
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
33,121 13,057 4,371 20,427