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Busan

Busan City Hosts AI Lecture on ChatGPT for Citizens

Busan City  is hosting a lecture on February 27th entitled "How to Use ChatGPT by Learning from Cases," inviting CEO Kim Jae-won of Ellis, an artificial intelligence company. The aim of the lecture is to promote the everyday use of artificial intelligence throughout the entire country and to improve understanding of the latest technology, including ChatGPT. ChatGPT is an interactive artificial intelligence model that allows users to communicate with a computer system using natural language. It h

Busan

Busan City Announces Opening of New Jangpyeong Underground Road

Busan Metropolitan City has announced the opening of the Jangpyeong Underpass, a 2,000-meter-long underground road connecting Sinnpyeong-dong and Gupyeong-dong in the Saha-gu district. The underpass includes 1,410 meters of tunnels and 590 meters of underground roads and has a total project cost of KRW 252.6 billion (approximately USD 218 million). On February 20th, Busan City will hold an opening ceremony for the new Jangpyeong Underpass. Busan Mayor Park Hyung-joon, city council members, parl

Business

Busan as a Global Financial Center: its Competitiveness and Challenges

Asia has become an increasingly important player in the global economy, with a growing number of financial centers attracting international financial firms. For many years, Hong Kong and Singapore have been the primary financial hubs in the region, with a stable political environment, efficient regulatory systems, and a highly skilled workforce. However, recent political instability in Hong Kong has led some companies to consider relocating to other financial centers, while Singapore is rapidly

Discover

The Busan Modern History Museum Annex Reopens with a New Cultural Space

The Busan Modern History Museum has been closed for renovations since July 2021, but its annex is scheduled to reopen on Wednesday, March 1, ahead of the main building. The city of Busan has refurbished two historic buildings, the former Bank of Korea Busan Headquarters and the former Busan Modern History Museum, and connected them to create the Busan Modern History Museum, a new cultural space. A Complicated History and a Renewed Design The former Busan Modern History Museum, which was const

Busan

Busan to Create Four Wind Ventilation Forests to Improve Living Environment

As part of its plan to become a leading carbon-neutral City by 2050, Busan Metropolitan City is investing 100 billion won in the Wind Ventilation Forest Creation Project to improve the living environment of its citizens. The new project aims to improve air pollution and reduce urban heat islands by creating wind ventilation corridor forests, urban green spaces, and connected urban forests that promote air circulation. Recently, the promotion of urban forests as wind ventilation corridors (wind v

Business

Navigating Economic Challenges: What South Korea Can Learn from Brexit

As South Korea faces its own political and economic challenges, there are several key lessons that can be learned from the tumultuous and challenging process of Brexit. The first lesson is that the decision to leave the EU was driven by a desire for independence, but in reality, it has resulted in self-isolation, which has not been good for the British economy. South Korea, as a small country with an open economy, should avoid self-isolation and instead prioritize exchange with the wider world.

Economy

Korea Faces Crucial Challenge in Pursuing Balanced National Development

South Korea's population has been increasingly concentrated in the Seoul Capital Area (SCA) over the past few decades, leading to overcrowding, high living costs, and a decline in quality of life. The SCA accounts for over half of the country's population and holds most of the nation's public institutions, leading to a significant concentration of wealth and resources in the region. The Government's Proposal for Public Institution Relocations To address this issue, the government has proposed

Busan

Busan's Demographic Decline: A Looming Crisis

Busan, the second largest city in South Korea, is currently facing a critical situation due to several factors, including a persistent outflow of residents, a low birth rate, and an aging population. The current total fertility rate in Busan is 0.8, resulting in a population decline that is cause for concern. The Busan region is particularly vulnerable to this demographic trend, and its future is uncertain. In light of this, the city has acquired a new nickname: "The Old Man and the Sea." This n