Busan News

South Korea is taking substantial steps to improve its education system and produce globally competent citizens. A pivotal initiative in this endeavor is the "Special Zones for Education Globalization". Under the "Special Act on the Designation, Operation, and Development of Special Zones for Education Globalization", these zones are conceived as hotbeds of innovative education policies. They are especially centered around fostering global competitiveness and regional development through educat

Busan, South Korea – The city of Busan announced that it would co-host the "Korea Southern Coast Cup 2023," an international yacht race, from July 13th to 16th, in collaboration with the provinces of South Gyeongsang and South Jeolla. Celebrating its fourth year, the "Korea Southern Coast Cup" is the longest cruiser yacht race in South Korea, connecting Busan, Tongyeong in South Gyeongsang, and Yeosu in South Jeolla. The three regions collaboratively host this event, aiming to promote a prosper

Busan, South Korea – On July 5th, the city of Busan announced the initial lineup for the 2023 Busan One Asia Festival (BOF), a flagship celebration of Hallyu, the "Korean Wave," that proudly represents South Korea on the international stage. Set to take place on October 21st and 22nd, the festival promises two days of immersive Korean culture and music. The first day will see the Busan Asiad Main Stadium buzzing with energy, as a K-POP concert featuring various artists with passionate internati

The iconic location, famed for being the former office of the Busan Mayor and a popular filming site for the hit drama "Reborn Rich," will soon undergo extensive remodeling to transform into a vibrant, public cultural hub BUSAN, South Korea – After six months of meticulous planning and architectural design, the city of Busan is finally set to commence remodeling work on the historic Open Event Hall, previously known as the former office of the Busan Mayor, in July. The projected completion by M

Busan, South Korea - After decades of anticipation and challenges, the city of Busan is finally inaugurating the Mandeok-Choeup (Asiad) Tunnel on July 1. The tunnel is expected to drastically alleviate traffic congestion, seamlessly connecting Deokcheon-dong in Buk-gu and Geoje-dong in Yeonje-gu. The opening ceremony, scheduled for June 30, marks the successful completion of a project that began in 1994 and faced considerable obstacles over the years. The Mandeok-Choeup (Asiad) Tunnel project b

As South Korea's second most populous city after Seoul, Busan's dynamism stretches beyond its well-known reputation as a bustling port and holiday destination. Comprised of 15 'Gu' (districts) and 1 'Gun' (county), Busan presents a diverse and multifaceted sociocultural tableau, housing over 3.36 million citizens according to the latest statistics. Based on data from 2022 The demographic profile of Busan is dispersed unevenly across its administrative regions. At the helm is the thriving distr

The Ministry of Education has officially announced the preliminary list of universities for its ‘Glocal University 30’ initiative. Out of the 30 local universities slated to receive a significant financial investment of 1 trillion won over the next five years, three universities from the Busan and South Gyeongsang regions have emerged victorious in the first round of selection: Pusan National University, Gyeongsang National University, and Inje University. Pusan National University, in an unpre

On the evening of June 22nd, local time, Busan City announced it had signed a Friendship and Cooperation Agreement with Koper City at the Town Hall in Koper, Slovenia. Koper is not only Slovenia's largest port city but also the leading maritime logistics gateway for Central and Eastern Europe. Situated on Slovenia's short Adriatic coastline, Koper's strategic geographical position, convenient rail facilities connected to its port, and non-freezing harbor even in mid-winter have made it the port

The race to host the World Expo 2030 has been narrowed down to a three-way contest between Busan (South Korea), Rome (Italy), and Riyadh (Saudi Arabia). The Bureau International des Expositions (BIE), the governing body responsible for overseeing World Expos, officially confirmed the trio on the 20th. War-torn Odesa, Ukraine, has regrettably been withdrawn from the race. At the 172nd BIE General Assembly, the final three candidates were selected via member nation voting. The selection was based

The bustling port city of Busan has always been a strategic location, a nexus point where all logistics functions including rail, sea, air, and highway seamlessly blend. Today, it's also making a name for itself as the cutting-edge hub for railway technology and logistics in Northeast Asia. This development is being showcased at the currently ongoing RailLog Korea 2023, a globally competitive exhibition for railway technology, interior fittings, infrastructure, and logistics. Now in its 11th ed

South Korea's coastal city, Busan, finds itself in the midst of an evolving crisis within its real estate market. A blend of an economic slowdown, coupled with a forthcoming wave of newly constructed apartments, is contributing to a significant decrease in property prices, thereby destabilizing the housing landscape. The manifestation of this turbulence is witnessed in the phenomena of "Reverse Jeonse" and "Busted Jeonse", which are causing concerns given their potential socio-economic ramificat

Samsung Heavy Industries (SHI) is gearing up to establish a research and development (R&D) hub in the city of Busan. On the 12th, the company inked a Memorandum of Understanding (MOU) with the city of Busan concerning the construction of the 'Busan R&D Center'. Key stakeholders, including SHI President Jung Jin-taek and Busan Mayor Park Heong-joon, attended the signing ceremony. Under the agreement, Samsung Heavy Industries plans to move into a 1,700 square meter R&D hub in Busan by November. T