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Busan’s Ibagu-gil Gets a Startup Makeover—But Can It Succeed This Time?
Busan is transforming Ibagu-gil into a startup and co-living hub, aiming to break the cycle of past failed revitalization efforts. Can this new approach create a sustainable business ecosystem, or will history repeat itself?
4 min read
Gadeokdo Airport Takes Flight: Can Busan Challenge Incheon’s Dominance?
Gadeokdo New Airport is set to redefine South Korea’s aviation landscape, promising a ₩29 trillion ($22 billion) economic boost and over 116,000 new jobs. Positioned as Busan’s gateway to the world, the project aims to challenge Incheon’s dominance and integrate air, sea, and rail logistics.
5 min read
Busan and Finland Explore Cooperation in Smart Cities and Arctic Trade
Busan is strengthening international ties with Finland through discussions on smart city development, Arctic trade, and economic cooperation. Mayor Park Heong-joon met with Finnish Ambassador Jyri Järviaho to explore opportunities in technology, transportation, and sustainable urban planning.
3 min read
Busan’s Science and Tech Graduates Struggle in Job Market Amid Brain Drain Concerns
Busan’s science and technology graduates face growing employment challenges, with many struggling to find stable, high-paying jobs. A new BISTEP report highlights alarming trends, including high non-regular employment rates, wage disparities, and a worsening brain drain.
3 min read
Busan Unlocks Largest Development Expansion in 17 Years
Busan secures the largest development expansion in 17 years as South Korea lifts restrictions on 16,528,925 square meters (1,652 hectares) of land. With major projects in AI, logistics, and smart cities, the city aims to become a global economic hub.
4 min read
Is Private Development the Only Answer? Rethinking Busan’s Architectural Identity
Is Busan’s skyline losing its identity? As private developers and global architects shape the city’s future, critics argue that Busan’s Special Architectural District Project may be sidelining local culture and public interests.
4 min read
Hyundai’s Mega Outlet Aims to Transform Eco Delta City, but Will It Deliver?
Hyundai’s new Premium Outlet in Eco Delta City is being touted as an economic catalyst for Busan’s emerging district. But with two other top-performing outlets already dominating the market, will this development bring real transformation, or is it just another shopping complex?
4 min read
