Ulsan, Korea's premier industrial hub and
economic center
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Key Industries
Automobile, Petrochemical, Shipbuilding
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Population
1,138,419 -
Number of Companies
87,054 -
Employees
533,187 -
Amount of Production
76.3 *unit: one billion dollars
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Promotional Materials
Ulsan Free Economic Zone (UFEZ)
Ulsan is a no. 1 industrial city with the highest GDP per capita in Korea. The city is a home to world-class automobile, shipbuilding, and petrochemical companies as well as excellent industrial infrastructure (port, airport, railway) and research institutes, such as UNIST, Korea Energy Economics Institute (KEEI), and Korea Research Institute of Chemical Technology (KRICT). In order to play an important role in the development of Korea’s industries, Ulsan aims to focus on fostering future mobility, bio, chemical, new materials, hydrogen, and low carbon energy industries. Ulsan Free Economic Zone (UFEZ) is at the center of such efforts.
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Leading Korea's Industrial Landscape and
Economic Growth, Ulsan
Economic Growth, Ulsan
Ulsan Metropolitan City is Korea’s largest industrial city, accounting for 12% of mining and manufacturing production (as of 2019, 2nd in the nation) in Korea, with exports amount USD 74.3 billion (as of 2021, 3rd in the nation), and KRW 60.2 million per capita GRDP (as of 2020, No.1 in the nation).