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Development Plan

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Business Overview

Overview

  • Location
    • Gachon-ri, Samnam-myeon, Ulju-gun, Ulsan
    • Shinhwa-ri and Gyodong-ri, Samnam-myeon, Ulju-gun
  • Area : 2,707,406㎡
  • Project District: UNIST, Hi-Tech Valley Industrial Complex (Phase 1 and 2) and the Ulsan Station area/li>
  • It is a district that includes Gyeongbu Expressway and Ulsan Station and has excellent traffic connectivity, R&D, and production functions. It also has a one-stop solution for creating a residential environment and business support./li>
  • In the future, it is expected to revitalize the attraction of small research companies according to the designation of Ulsan Small Strong R&D Special Zone. It is also expected to foster the MICE industry and improve business support functions After the construction of the convention center is completed.
R&D Business Valley

Roadmap for Fostering Business District

Fostering
Goal
Fostering technology hidden champions, based on HTV general industrial complex and UNIST and promoting hydrogen fuel cell production and R&D area
Fostering Strategy 1
  • Infrastructure Construction
  • Industrial complex development project in progress
  • Establishment of hydrogen industry research center in UNIST
    · Establishment of the next-generation hydrogen fusion technology research center (2024)
Fostering Strategy 2
  • Activation of investment attraction on regional specific development zones
  • Attracting small companies with strong technology by strengthening investment incentives for the Small Strong R&D Special Zone
Fostering Strategy 3
  • Promotion of the commercialization of hydrogen fuel cells and production expansion
  • Promotion of fuel cell commercialization, based on technology hidden champions
  • Increase in fuel cell production in cooperation with Samsung SDI
 
Expected Effect
Expected Effect Integration of small companies with strong technology in the hydrogen industry
Expected Effect Enhancement of cooperation between large corporations, SMEs and education & research institutions

Development Plan Overview

Division, Main Content
Division Main Content
Need for Designation Best place for business support in Ulsan
- The exhibition and convention center is located in the ufezEng.
- Possible to foster the Ulsan-Type MICE industry
Possible to link and expand R&D and new industries and services
- Establishing an international network by holding an international forum
- Possible to link and expand specialized complexes
Possible to establish industry-academia-research networks
Developer, Implementation Period and Implementation Method Developer Mayor of Ulsan Metropolitan City
Implementation Period 2006 ~ 2023
Development Method Public Development
Financing Method - Total Project Cost : 1,808억원
* Funded by Ulsan Metropolitan City Corporation
Land Use Plan
Division, Area(㎡), Composition ratio(%)
Division Area(㎡) Composition ratio(%)
Sum Step 1 Step 1-1 (Road) Step 2
Sum 1,831,991       100.0
HTV General Industrial Complex Subtotal 808,000 194,000 38,000 576,000 44.1
Industrial facility site 458,000 156,000 - 302,000 25.0
Public facility lot 350,000 38,000 38,000 274,000 19.1
Parks and green area 202,000 8,000 - 194,000 11.0
Waterfront park 14,000 - - 14,000 0.8
Small park 2,000 2,000 - - 0.1
Green landscape 164,000 - - 164,000 9.0
Buffer green belt 22,000 6,000 - 16,000 1.2
Reservoir 5,000 - - 5,00 0.3
River 4,000 - - 4,000 0.2
parking lot 7,500 2,500 - 5,000 0.4
road 127,500 23,500 38,000 66,000 7.0
Drainage 4,000 4,000 - - 0.2
UNIST 지원시설용지 1,023,991       55.9
Education and research facilities 410,900       22.4
Other facilities 613,091       33.5
Population Acceptance and Residential Facility Development Plan Planned Population Estimation - A total of 8,629 residents
- Industrial City: 2,950
- Education and research facilities: 5,679
Residential Facility Planning Use of residential facilities in the business district
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
Industry Attraction Plan - Promotion strategy: Building a business valley through hydrogen battery R&D and demonstration
- Attraction industry: Hydrogen fuel cell production and R&D business
Health Care, Education, Welfare Facility Development Plan Use of residential business district facilities and nearby facilities
Environmental Conservation Plan Developing previously established areas into an eco-friendly industrial complex
Foreign Investment Attraction and Residential Environment Creation Plan - Plan to attract domestic and foreign corporate investment in the field of hydrogen storage devices
- Need to attract solid hydrogen storage-related research and production companies
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 Establishment of the plan for water supply, sewage treatment, and water storage facility installation
Consultation on power supply with the Ulsan branch of KEPCO in the district
Plan for Cultural Facilities, Parks and Green Areas
Division, Area (㎡), Composition ratio (%)
Division Area (㎡) Composition ratio (%)
Sum 271,988.3 100.0
Park 61,566.2 22.6
Green area 210,422.1 77.4
Urban Landscape Plan Establishment of management plan and color design strategy according to Ulsan City Landscape Reorganization Plan
Plan for Underground Facilities 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 Attractions and Installation Standards Attracting public institutions and research institutes related to the hydrogen industry
Economic Feasibility Review of Infrastructure Plan for Development 9 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), internal Rate of Return IRR(%)
Cost Benefit Analysis(B/C) Net Present Value NPV(100 million won) internal Rate of Return IRR(%)
1.973 957.9 10.0
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
70,162 27,660 9,259 43,271

Roadmap for Fostering Business District

Fostering
Goal
Establishment of a hub for fostering Ulsan-Type MICE industry by building business service infrastructure and residential infrastructure
Fostering Strategy 1
  • Establishing business service and residential infrastructure
  • Ulsan Exhibition and Convention Center
  • KTX Ulsan Station Complex Transfer Center
  • Accommodation (business hotel, etc.)
  • Shopping center, etc.
Fostering Strategy 2
  • Building domestic and international research networks
  • Support for the establishment of international networks with institutions in the hydrogen industry base district and research institutes such as UNIST
Fostering Strategy 3
  • Fostering a hub for Ulsan-Type MICE industry
  • Fostering the role as a hub for the entire Ulsan MICE industry as well as supporting research institutes and companies in the Ulsan Free Economic Zone
 
Expected Effect
Expected Effect Fostering Ulsan-Type MICE Industry
Expected Effect Improvement of living environment in West Ulsan Area

Development Plan Overview

Division, Main Content
Division Main Content
Need for Designation Best place for business support in Ulsan
- The exhibition and convention center is located in the ufezEng.
- Possible to foster the Ulsan-Type MICE industry
Possible to link and expand R&D and new industries and services
- Establishing an international network by holding international forums
- Possible to link and expand specialized complexes
Possible to establish industry-academia-research networks
Developer, Implementation Period and Implementation Method Developer Ulsan Metropolitan City Corporation
Implementation Period 2010 ~ 2022
Development Method Public Development
Financing Method - Total project cost : 525.7 billion won
* Funded by Ulsan Metropolitan City Corporation
Land Use Plan
Division, Area(㎡), Composition ratio(%)
Division Area(㎡) Composition ratio(%)
Sum Step 1 Step 2
Sum 883,415.5 782,813.5 100,602.0 100.0
Housing construction site 43,616.4 43,616.4 - 4.93
Commercial land 347,235.1 284,330.1 62,905.0 39.31
Urban infrastructure site 433,489.6 395,792.6 37,697.0 49.07
Other facilities site 59,074.4 59,074.4 - 6.69
Population Acceptance and Residential Facility Development Plan Planned Population Estimation - A total of 216,123 residents
- Resident (full-time) population: 30,785
- Utilization population: 185,338
Residential Facility Planning - District: 3,343 households in total
- Estimated acceptable population: 8,906 persons
Transportation Plan - Establishment of plans for connection of wide-area network roads and access roads inside and outside the area
- Establishment of plans for transit facilities and traffic safety facilities
- Enhancing accessibility to Ulsan Free Economic Zone and other business districts by planning a new road network nearby
Industrial Attraction Plan R&D Business Valley serves as a business support service and a residential area. It does not plan to attract specific industrial facilities that require production facilities.
Health Care, Education, Welfare Facility Development Plan Educational Facilities 7 locations near the business district (1 location under development)
Cultural Welfare Facility Planning for one cultural welfare facility around the south side of the independent housing site and educational facilities
Medical Facilities 48 locations near the business district
Environmental Conservation Plan Due to the piers of the high-speed rail line, the interstate road connecting the east and west sides of the business district inevitably damages the ecological area into Grade 7. Therefore, the city hall has a plan to conserve it as much as possible by creating neighborhood parks and green areas in areas that are not damaged by roads, and to develop ecological pathways in areas that are expected to be disconnected by the project implementation.
Foreign Investment Attraction and Residential Environment Creation Plan Plan to attract business support-related service businesses
Plan to Supply 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 the Bancheon Substation
Establishment of the plan for city gas supply
Plan for Cultural Facilities, Parks and Green Areas
Division, Area(㎡), Composition ratio(%)
Division Area(㎡) Composition ratio(%)
Sum 163,905.1 100
Park 50,159.8 30.6
Green area 103,935.5 63.4
Public green area 9,809.8 6.0
Urban Landscape Plan Establishment of the urban landscape plan and landscape management plan for each district and sector
Plan for Underground Infrastcuture 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 Ulsan KTX Station Complex Transfer Center and Exhibition and Convention Center
Economic Feasibility Review of Infrastructure Plan for Development 9 new road construction plans
Matters Concerning Reinvestment of Development Gains - The first phase of the urban development project was a land appropriation type and completed the payment of the development fee when the project was completed (2014).
- The second phase of the project is a replotting method and excludes development charges.
Financial Resource and Investment Plan & 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(%)
1.973 957.9 10.0
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
70,162 27,660 9,259 43,271