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Busan's Strategic Initiatives Propel City Toward Global Recognition
In its ambitious drive to establish a strong presence on the international stage, Busan has unveiled comprehensive plans that are setting the city on a path to become a global hub in finance and urban development. Two key developments underscore this mission: the city's notable advancement in the Global Financial Centres Index (GFCI) and the "2025 National Budget Acquisition Strategy Meeting." Busan has made headlines by achieving its highest-ever ranking in the prestigious GFCI, securing the 2
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Busan Sets Its Sights on Becoming a New Tourist Mecca
In an effort to enhance its appeal as a premier tourist destination, the city of Busan convened the 15th Western Busan Field Meeting on March 20, 2024. This event marks a pivotal point in the city's comprehensive strategy to establish itself as a major global hub, emphasizing tourism development. The initiative underscores Busan's commitment to transforming Western Busan into a new focal point for travelers. The meeting unfolded between 2:00 PM and 3:00 PM at various venues, including a site vi
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Busan Universities Align in Strategic Coalitions for 'Glocal University 30' Initiative
In response to South Korea's demographic challenges and the urgent need for systemic reforms in higher education, universities in Busan are pioneering strategic collaborations through the 'Glocal University 30' initiative by the Ministry of Education. These efforts represent a shift towards more collaborative and innovative educational models, emphasizing both local relevance and global competitiveness amid a declining school-age population. The 'Glocal University 30' initiative, while a signif
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Busan MoCA Unveils "This Is Not Just Local: Tactical Practices" Exhibition
Busan, South Korea – The Busan Museum of Contemporary Art (MoCA) proudly presents its first major curated exhibition since its inauguration, titled "This Is Not Just Local: Tactical Practices." This thought-provoking exhibition, running from February 24th to July 7th, 2024, is set to explore and redefine the concept of locality amidst concerns over the erosion of local cultures. Featuring a diverse collection of 149 works from 51 teams and individuals, both domestic and international, the exhibi
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Busan Pioneers Urban Sustainability with the Launch of the Green City Bureau
To transform Busan into a city where greenery and urban life coalesce harmoniously, the city administration convened the "Employee Communication and Empathy Time" on March 18 at the Hwamyeong Arboretum. This initiative heralds the start of a focused dialogue on enhancing the city's green spaces and integrating ecological principles into the urban fabric, reflecting the administration's commitment to building a sustainable, eco-friendly urban environment. The establishment of the Green City Bure
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Busan Launches Prepaid "Dongbaek Pass" to Boost Public Transportation Use
Busan, South Korea -To elevate its status as the nation's premier public transportation-friendly city, Busan has unveiled the prepaid "Dongbaek Pass" today. This initiative is part of a broader campaign aimed at encouraging the use of public transportation across the city, with activities kicking off simultaneously in 15 locations known for their high commuter traffic. The city's effort to promote public transportation use commenced at 7:30 AM across various strategic locations, including major
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Sinpyeong-Jangnim Industrial Complex to Undergo Major Revitalization in Busan
Busan, South Korea — The City of Busan announced today that the Sinpyeong-Jangnim Industrial Complex has been designated as a focal point for "Aged Key Industrial Complex Competitiveness Enhancement" initiative. This initiative is part of a strategic move by the government to strengthen the competitiveness of aging industrial hubs through digitization and eco-friendly transformations. The project aims at reviving the local economy by enhancing the industrial location’s competitiveness. Over the
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Busan’s Battle with Motorcycle Disorder
In the city of Busan, a pressing issue undermines the city’s vibrant life: the unchecked illegal activities of motorcycles, especially those utilized for delivery services. While the city prides itself on its vibrant culture and technological advancements, the disregard for traffic laws by a significant number of motorcyclists poses a threat not only to public safety but also to the peace of local neighborhoods. This concern aligns with a recent announcement from the city, revealing a Traffic Fa
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S.Korea to Host WMU Students for Ocean Mobility Industry Training
The Ministry of Oceans and Fisheries of South Korea is poised to organize a specialized training event for students of the World Maritime University (WMU) from March 16th to March 23rd. This educational initiative is designed to acquaint future maritime leaders with the nation's pioneering ocean mobility sector and its maritime policy framework. Established under the aegis of the International Maritime Organization (IMO), the WMU is renowned for its advanced maritime education, offering graduat
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Busan Embarks on a Comprehensive Urban Development Plan for a Balanced City
Busan, South – In a bold move to create a city where people would choose to live again, the Busan Metropolitan City has announced the commencement of a meticulously tailored "Living Sphere Plan," starting with the Gangdong sphere (Buk-gu, Sasang-gu, and Saha-gu districs) in western Busan. This initiative reflects the city's commitment to accelerating development in western Busan and achieving a balanced urban development between the eastern and western parts of the city. Busan has been proacti
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Busan, Ulsan, and South Gyeongsang Forge Ahead with Ambitious Economic Alliance
In a landmark move signaling a new era of regional cooperation and prosperity, the cities of Busan, Ulsan, and South Gyeongsang Province have collectively ushered in the second phase of their economic alliance. On March 11th, 2024, at Ulsan City Hall, the trilateral partnership convened for the 2nd Busan-Ulsan-South Gyeongsang Policy Consultation Meeting. This assembly, attended by key regional leaders, including Mayor Park Heong-joon of Busan, Mayor Kim Doo-gyeom of Ulsan, and Governor Park Wan
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Rising Unsold Housing Crisis in Busan
BUSAN, South Korea — Following Daegu, Busan has emerged as the latest South Korean city facing a distressing surge in unsold housing units, igniting concerns over a deepening real estate market downturn. The Ministry of Land, Infrastructure and Transport's January housing statistics revealed a 12.5% increase in unsold homes in Busan, totaling 3,372 properties. This sharp rise contrasts starkly with Gwangju, which, despite recording the highest national increase rate of 44.3%, has a considerably
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