2020s Partner for Citizens' Happiness
BMC's journey connects Busan’s past and present, and leads the city toward a brighter, more hopeful future.
We remain committed to building a city where people are proud to live — a place they would choose again, even if given the chance to be born anew.
2024.
Won the Prime Minister’s Award for contributions to national disaster control Initiated construction of Centum 2 District Urban High-Tech Industrial Complex: Sector 1-1 Expanded global partnerships (MOU signed with Maldives Housing Development Corporation, among others) Won the Chairperson's Prize in the 3rd Korea ESG Awards Completed construction of Busan Concert Hall Completed construction of Geumsa Urban Regeneration Harmony Center
2023.
Won the Excellence Prize in the Regional Public Institutes’ Innovation Cases Contest Laid the foundation for global expansion (MOU signed between BMC and Pune Metropolitan Development Agency, India) Completed construction of four Happiness Housing apartments (Yongho-dong, Ilgwang District 7BL, Ami District 4, and City Hall Vicinity)
2022.
Decided to participate in the administrative complex town establishment project in West Busan Established BMC’s ESG management strategies Developed and assessed BMC’s residential welfare service index Completed construction for Sasang Regeneration Program’s Revitalization Sector Creation Project
2021.
Created and announced the Vision 2030 Medium-/Long- Term Business Strategy System Provided emergency disaster relief grants for permanent rental housing (first among local public corporations in Korea) Launched two Housing Welfare Centers in Busan Named an Outstanding Institution at the 2021 Local Public Corporation Business Evaluation Decided to participate in new projects (Busan R&D District Development Project, etc.)
2020.
Donated KRW 2 billion to COVID-19 crisis response efforts Decided to participate in new projects (International ap-2BL Happy Housing, etc.) Signed the agreement for Phase 3 of Munhyeon Innovation District Mixed-Use Development Project Won the Minister’s Award at the Excellent Case Competition for Proactive Administration (2nd Half), hosted by the Ministry of the Interior and Safety
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1Establishment and Declaration of the Vision 2030 Mid- to Long-Term Management Strategy
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2On-site at Smart BOOKmorning
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3MOU Signed between BMC and the Pune Metropolitan Region Development Authority in India
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4Grand Prize Winner in Safety Management at the Korea Management Awards
2010s Engine for Economic Growth
BMC's journey connects Busan’s past and present, and leads the city toward a brighter, more hopeful future.
We remain committed to building a city where people are proud to live — a place they would choose again, even if given the chance to be born anew.
2019.
Completed the urban development project for Ilgwang District; completed Phases 1 and 2 of the Global Industry Logistics City Project Built Dongnae Happy Housing (BMC’s first Happy Housing Project)
2018.
Completed Phase 2 of the Munhyeon Innovation District development project (including Dream Theatre) Selected for the Urban Regeneration New Deal Project (Public Institution Proposal Type) - Cheongchun and Jeongdeun Villages, Geumsadong, Busan
2017.
Completed the hinterland development project for North Container Terminal, Busan New Port Completed phase 1-1 of the International Industry Logistics City Project
2016.
Completed Phase 3 of the Osiria Tourist Complex development project
2015.
Completed the urban development project for Dongsam Hari District Completed the Saenggok Industrial Complex development project
2014.
Completed phase 2 of the Osiria Tourist Complex Project Completed the Mieum Industrial Complex development project Completed Phase 1 of the Munhyeon Innovation City Mixed-Use Development Project (including BIFC)
2013.
Completed the Gijang Pottery Village Creation Project Completed development projects for Daeyeon, Dongsam, and Centum Innovation District
2012.
Asia’s largest premium outlet in Busan (Osiria)
2011.
Completed phase 1 of the Osiria Tourist Complex Project Completed the Hwajeon Industrial Complex development project Completed the Jangan General Industrial Complex development project
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1A full view of Hwojeon Industrial Complex
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2A full view of Mieum Industrial Complex
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3A full view of Saenggok Industrial Complex
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4A full view of Global Industry Logistics City
2000s Building Spaces to Live
BMC's journey connects Busan’s past and present, and leads the city toward a brighter, more hopeful future.
We remain committed to building a city where people are proud to live — a place they would choose again, even if given the chance to be born anew.
2009.
Completed the Busan Memorial Park development project
2008.
Completed the housing site development project for Jeonggwan District (BMC’s share: 21.7%)
2007.
Won the Presidential Award at Local Public Corporation Business Management Awards
2006.
Renamed as Busan Metropolitan Corporation
2005.
Completed the housing construction project in Guseo (the corporation’s first reconstruction project)
2004.
Built Busan Youth Hostel Arpina
2003.
Built Bansong Hyowonjeong (housing designed for co-habitants across three generations; first of its kind in Korea)
2002.
Completed the housing site development project for Hwamyeong 2 District (1.4 ㎢, the corporation’s largest housing site development project)
2001.
Completed the housing environment improvement project for Sujeong 1 District (the first of its kind in Busan)
2000.
Establishment of the VISION 21 Management Strategy Completed the housing environment project for Geoje District (Geoje Law Town)
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1Completed the Geoje District Housing Development Project
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2Housing environment improvement project for Sujeong 1 District
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3Housing site development project for Hwamyeong 2 District
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4Won the Presidential Prize in the Regional Public Company Management Awards
1990s BMC Begins
BMC's journey connects Busan’s past and present, and leads the city toward a brighter, more hopeful future.
We remain committed to building a city where people are proud to live — a place they would choose again, even if given the chance to be born anew.
1999.
Announced the Customer Service Charter (the first among local public corporations in Korea)
1998.
Completed the public waters reclamation project in Millak-dong (currently, Millak Waterfront Park)
1996.
Completed the housing construction project for Dadae 5 District
1995.
Carried out the first public recruitment (24 new employees); built a new corporation building (156 Sincheondae-ro, Busanjin-gu, Busan)
1994.
Sisterhood Agreement Signed with Osaka Prefectural Housing Corporation
1992.
Busan City Development Corporation Labor Union founded
1991.
Establishment of the Busan Metropolitan City Urban Development Corporation
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1Establishment and Declaration of the Vision 2030 Mid- to Long-Term Management Strategy
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2On-site at Smart BOOKmorning
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3MOU Signed between BMC and the Pune Metropolitan Region Development Authority in India
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4Grand Prize Winner in Safety Management at the Korea Management Awards