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Busan Introduces Pioneering Hydrogen-Powered Train Project
BUSAN — The city of Busan has unveiled plans to lead South Korea's foray into hydrogen train technology with the "Next Generation Busan Train Express (BuTX)" project, which will be significantly driven by private investments. Following the city's announcement of the initiative in March, a participation letter was submitted in June by the "BuTX Express Train Ltd." consortium, led by Hana Financial Group. This was bolstered on September 15th with the submission of a formal proposal for the projec
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Busan’s Charter School-Inspired Endeavor
Education, often seen as the linchpin of societal evolution, constantly evolves, echoing the rhythm of our dynamically shifting world. Audacious initiatives occasionally surface, aiming to recalibrate educational frameworks for the contemporary student. A prime example is Busan Metropolitan City's recent collaboration with the Sasang District. Together, they are on the brink of redefining educational paradigms by unveiling plans for an Autonomous Public High School. In an announcement today, at
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Busan City Embarks on an Ambitious Journey to Establish a Digital Asset Exchange
BUSAN- In a strategic move, Busan Metropolitan City, in collaboration with the 'Busan Digital Asset Exchange Establishment Committee', has unveiled plans to establish the Busan Digital Asset Exchange. This initiative was conceptualized last December when the city formed the committee comprising of private sector experts. The proposal is based on insights and suggestions received from the committee. Busan's Vision: To be a Blockchain Pioneer by 2026 Busan Metropolitan City is poised to transf
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FLY ASIA 2023: Strengthening Asian Entrepreneurial Synergy
BUSAN - FLY ASIA 2023, the vanguard start-up exhibition of Asia, returns with an enhanced agenda, championing partnerships across premier Asian entrepreneurial cities, cultivating shared progress and inventive dynamism. Busan, pulsating with innovation, unveils the next chapter of FLY ASIA 2023, scheduled from October 5th to 8th at BEXCO's luminous second exhibition hall. This sequel builds on the momentum of its forerunner, surmounting the confines of the metropolitan-centric start-up framewor
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Busan's Seobusan Medical Center Construction Plans Advance
Busan, South Korea - The monumental project to establish the Seobusan Medical Center has taken a significant leap forward. On September 18th, 2023, the City of Busan officially announced the foundational plans for the construction of the medical center. A pivotal business briefing is set to take place on September 25th at 2:00 p.m. at the Saha-gu District Office to select preliminary negotiating parties. The foundational project plan encapsulates the essence of the project. This includes adjust
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The 28th Busan International Film Festival Announces Its Comprehensive Line-Up and Highlights
BUSAN- The 28th Busan International Film Festival (BIFF), one of Asia's most prominent film events, has officially unveiled its robust program for this year. Spanning from October 4th to 13th, the festival will showcase a diverse array of films across 25 screens at venues including the Busan Cinema Center, CGV Centum City, LOTTE CINEMA Centum City, and LOTTE CINEMA Daeyoung. Key Information: * Dates: Oct 4 (Wed) – 13 (Fri), 2023 * Screening Venues: Busan Cinema Center, CGV Centum City, LOTTE
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Busan's Galmaetgil Trails Experience Overwhelming Response during 'Walking Together' Events
BUSAN - Busan, the mesmerizing coastal city renowned for its harmonious fusion of urban vibrancy and untouched nature, recently brought the spotlight to its iconic Galmaetgil trails through the 'Walking Together' events. Spanning 9 distinct routes and 23 sections, and covering an impressive 278.8 kilometers, the event unfolded from September 15th to November 30th. However, the marquee event, 'Walking Together on Galmaetgil,' reached its capacity far sooner than anticipated. As a consequence, ma
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BEXCO's Approach Questioned as Busan's MICE Industry Faces Stagnation
The MICE (Meetings, Incentives, Conventions, and Exhibitions) industry in Busan, once heralded as a beacon of growth, is now confronting pressing challenges. The very foundation of MICE's competitive advantage stems from 'sustainability'. This ideally would be accompanied by the creation of an industrial ecosystem. However, BEXCO, a central player in this field in Busan, has been rather engrossed in generating stable revenue by relying on the city of Busan, rather than fostering local industries
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Busan Showcases Financial Prowess in London
Busan, South Korea's emerging financial powerhouse, is set to spotlight its burgeoning financial infrastructure on an international platform in London, long recognized as the global nexus of finance and investment. The "Invest K-Finance: London IR 2023" conference, slated for September 13th at the Royal Lancaster London Hotel, promises to be more than just an event. For those unfamiliar, Investor Relations (IR) plays a pivotal role in corporate management, bridging the communication between com
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Construction of New Haeundae District Office Building Gains Momentum
BUSAN - Plans for the construction of a new building for Haeundae District Office in Busan, which will replace the aging structure built in the 1980s, have made significant progress. The project has successfully passed the Centralized Investment Review, paving the way for a smoother progression. The Haeundae District Office recently revealed that it will undergo the final design service presentation next month and aims to begin construction by January of the following year. The Local Financial
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Busan Welcomes Back Professional Basketball with KCC Egis Relocation
In the dynamic landscape of the Korean Basketball League (KBL), cities are continually being reshaped by the movement of major teams. A wave of relocations has transformed the KBL over recent years, and Busan is the latest city to be impacted. Only two years after the KT Sonicboom left Busan for Suwon in Gyeonggi Province, Busan is set to welcome another top-tier basketball team. The decision comes after the KBL witnessed other significant relocations in 2021: the KT Sonicboom's move and the ac
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Busan Becomes the Epicenter for Startups as Major Firms and Investors Converge for 'BOUNCE 2023'
Busan, South Korea – Busan, South Korea's second-largest city, is poised to be the focal point for major domestic and international corporations and investors on the hunt for promising startups this September. The Busan Metropolitan City announced the two-day event 'BOUNCE 2023', scheduled for September 7-8 at the Busan Eurasia Platform and Busan Workation Hub Center. Online pre-registration for this event is open until September 1. Event Highlights: BOUNCE 2023 * Dates: September 7-8, 2023
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