Janghang is a city that was built with large-scaled land reclamation in order to seize rice and gold during the Japanese colonial period. Janghang’s modernization took place in the 1930s with the construction of major urban infrastructure such as smelter, railway and port. Over the past 90 years, Janghang has undergone a life cycle of the formation, development, decline and leap of modern industrial cities. As a result, Janghang has become a symbol of Korea’s compact economic development, urbanization and industrialization. The three urban infrastructures formed local identity and left industrial heritages reflecting locality and local life. This study is based on the field survey conducted from September 2018 to December 2019 and the list presented in the preceding study. The list of 30 industrial heritages was derived by evaluating the following factors: ① existence of the building, ② current space program, ③ extension of period, ④ original value of place, and ⑤ local identity. The list of industrial heritages was provided by identifying their characteristics and relationship to the three infrastructures and assigning the serial numbers. Currently, various regeneration projects are underway in Janghang under the local government’s control. Local regeneration has to start from understanding of the local heritage and recognizing as an asset based on the survey, archiving and research. Janghang has still the industrial heritages with potential such as abandoned railways, warehouses and residential houses. Therefore, it is possible to realize the ideal local regeneration when all concentrate on remodeling remaining spaces and developing contents, the residents has to be the final beneficiaries.