The Daewoo Shipbuilding & Marine Engineering (DSME) shipyard is located close to the town.
[citation needed] There are a number of local accommodation agencies offering apartments for rent to incoming foreigners, as well as other supporting services.
As a result, there is a 'Foreigner's Club' by the Admiral Hotel which is run by the local expat residents themselves.
From Busan airport, the journey time by taxi, by way of the Geoje-Busan Bridge (10,000KRW toll each way), is under 1 hour, although heavy weekend traffic can be up to 90 minutes.
It went out of business in 1999, but because the land has been zoned for environmentally low-impact projects, it remained abandoned until 2011, when it was finally demolished.