Ulsan Daewangam Park Marine Cable Car Project Gains Momentum... Dong-gu Office Approves 'Implementation Plan'

Construction to start in the first half of next year, scheduled for completion in 2025

Fully privately funded 66.5 billion KRW, zipline and tower installation

The project to install a marine cable car at Ulsan Daewangam Park has been launched.

Ulsan City announced that the "Daewangam Park Marine Cable Car Installation Project" received approval for its implementation plan from Ulsan Dong-gu Office on the 28th.

Accordingly, tourism projects in the Dong-gu area of Ulsan are gaining momentum.

This project involves installing a 1.5 km-long marine cable car connecting the Dong-gu Daewangam Park area and the vicinity of Ilsan Seafood Sales Center, along with additional amusement facilities proposed by the operator, including a zip line (L=0.94 km) and a sky edge walk (L=30 m, H=90 m).

In particular, there are plans to install a zip tower at an altitude of 132 m, the highest in the nation, to enhance nighttime scenery and viewing enjoyment.

Daewangam Park Marine Cable Car Development Project Plan.

The total project cost is 66.5 billion KRW, and it will be fully funded by private capital through project financing.

If funding proceeds smoothly, construction will begin in the first half of next year, with completion scheduled for June 2025, followed by normal operations starting in the second half of that year.

Ulsan City plans to increase the number of tourists by providing various leisure sports facilities such as the zip line crossing Ilsan Beach and the sky edge walk to visitors of Daewangam Park.

The project implementing company, a special purpose corporation (SPC) named Ulsan Tourism Development Gondola Co., Ltd. (led by Daemyung Construction), applied for the implementation plan approval in June this year.

Subsequently, after consultations with relevant agencies on matters such as small-scale environmental impact assessments and small-scale disaster impact assessments as required by related laws, the final project plan was approved on this day.

An official from Ulsan City stated, "The Daewangam Park marine cable car project is a significant endeavor aimed at promoting the use of Daewangam Park, revitalizing the local economy, and enhancing the status of Ulsan as a tourist city. We will do our best to ensure the project proceeds smoothly with the goal of completion in 2025."