Attracting foreign capital to build a representative building for Busan's North Port redevelopment

[Anchor]
The Busan Metropolitan Government has attracted foreign capital to the representative building of the Busan Port North Port Redevelopment Project, which has not been able to find the owner.

The city and business operators announced a plan to develop a complex resort with a maximum height of 88 floors with a project cost of 4.5 trillion won.

Reporter Kim Jong-ho reports.

[Reporter]
Busan Port North Port, which attempts to transform itself from an export forward base into a key area of Busan in the future.

The redevelopment project was carried out, and the infrastructure and some buildings were completed, but the land where the representative building would be located was not found even after two public offerings.

The Busan Metropolitan Government announced that it has attracted a massive development plan to inject 4.5 trillion won worth of foreign capital into the land.

The plan is that three buildings with 88 floors above the ground and more than 400 meters in height will be built as complex resorts centered on intellectual property contents.

[Park Hyung-joon / Mayor of Busan: It symbolizes the leap of Busan, a global hub city, and consists of three towers considering the urban axis and natural scenery axis, and each building is connected by a rolling bridge]

Busan City predicts that if a 2,000-room hotel, large concert hall, theme park, and large shopping mall are located in the building that has created the largest "media facade" in Korea, it will be the future of Busan itself.Outside the

building, it encompasses the coastal landscape of Busan Port and the green area where various activities are possible, raising expectations that it will become a new representative space symbolizing Busan.

The operator, who expressed his intention to invest, drew a line on concerns surrounding redevelopment, including the exclusive use of residential facilities.

[Minwoo Jung / Business operator: The purpose was to develop a facility that can serve as the most important base for Busan Global Hub as a representative building that does not have residential development.]

Although the formal sale process for the land remains, the Busan Metropolitan Government expects the project to proceed smoothly and see the representative building that has completed construction in 2030.

I'm Kim Jong Ho of YTN.