Busan News

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

To rejuvenate the local economy and promote harmony between large and small retailers, the city of Busan, in collaboration with the Ministry of Trade, Industry, and Energy, hosted a roundtable discussion to announce plans to shift mandatory closure days for major supermarkets to weekdays. The meeting, held in the city hall's video conference room at 2 p.m., saw the participation of key figures including Busan Mayor Park Heong-joon, Minister of Trade, Industry, and Energy An Duk-geun, district ma

In a move to foster technological growth, the city of Busan is gearing up to host the 'Global AI Bootcamp in BUSAN' on March 8th, 2024, at the Busan Big Data Innovation Center. This event, put together in partnership with Busan Techno Park, brings together a notable group of Microsoft's Most Valuable Professionals (MVPs) and top figures in the data and Artificial Intelligence (AI) sectors. It represents a valuable chance for participants to gain advanced knowledge and skills from leading experts

Busan Metropolitan City has initiated a pilot discount program that connects Personal Mobility Devices (PMDs) with the public transportation system. This initiative, reported to be the first in South Korea, offers a 500 KRW discount for users who transfer to public transportation within 30 minutes of using a PMD. The program is part of Busan's efforts to enhance urban connectivity and promote the use of environmentally friendly transportation methods. The program is aligned with Busan's "Busan

Busan Metropolitan City has achieved a notable milestone in its industrial and economic development efforts by securing a significant investment from Shinsung ST Co., Ltd., a small and medium enterprise in the secondary battery sector. The company's decision to relocate its production facilities and headquarters from Changwon and Yantai, China, to Busan underscores the city's growing attractiveness as an investment destination. Shinsung ST Co., Ltd. is set to invest KRW 46.3 billion in establis

As South Korea gears up for the 22nd National Assembly elections, the city of Busan finds itself at the heart of a political whirlwind, stirred by recent adjustments to its electoral districts. This significant reshuffling, affecting seven constituencies, has not only intensified the competition but also spotlighted the strategic importance of the "Nakdonggang River Belt." With the elections a mere 41 days away, these changes promise a heated contest that could reshape the political landscape.

Busan Metropolitan City  has been officially designated as a pilot area for the Education Development Special Zone, a collaborative project between the Busan Metropolitan City Education Office and the city of Busan, under the auspices of South Korea's Ministry of Education. This announcement was made on February 28 by the Presidential Committee for Decentralization and Balanced Development and the Ministry of Education, placing Busan alongside five other metropolitan cities in a pioneering move

Busan, South Korea – The city of Busan has announced the introduction of 20,000 character-themed transit cards for newly enrolled elementary school students, aiming to make public transport more accessible and engaging for the younger demographic. This initiative, part of the city's efforts to encourage public transport use among children, comes as Busan strives to be at the forefront of creating an inclusive and environmentally friendly urban transport system. From March 2024, first-grade stud

The city of Busan announced on Monday the introduction of a set of urban design guidelines aimed at refining the city's aesthetics, functionality, and accessibility. This initiative is part of Busan's broader strategy to reinforce its identity as a leading global hub, focusing on sustainable urban development and inclusivity. The guidelines are segmented into three main categories: the Public Design Guidelines, the Universal Design Basic Plan and Guidelines, and the Busan Spatial Environmental

During the 41st Emergency Economic Strategy Meeting, Busan Metropolitan City announced an extensive plan to position itself as a leading global player in the shipbuilding industry. The plan aims to tackle current challenges in the sector and drive the development of next-generation technologies. Mayor Park Hyung-jun led the meeting with a diverse group of experts, underscoring the city's commitment to rejuvenating its shipbuilding landscape. According to an ambitious blueprint, the city has ple

The city of Busan, in collaboration with the Ministry of Education, the National Research Foundation of Korea, Pusan National University, and Busan National University of Education, has recently introduced the 'Glocal University Innovation Implementation Agreement'. This agreement, signed at Chungbuk National University, highlights a strong commitment to enhancing education standards locally and globally, as well as promoting strong industry partnerships. At the heart of the ceremony were notab

Busan City has officially released the 2024 "Taste of Busan" guidebook and culinary map, showcasing the rich heritage of local cuisine and the latest gastronomic trends. The publications, available in Korean, English, Chinese, and Japanese, aim to introduce both locals and visitors to the city's distinctive flavors and culinary landmarks. The guidebook introduces a selection of 144 outstanding restaurants in Busan, chosen through a rigorous process that included consultations with local health