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YK Steel's Busan Plant Site: A Potential Residential Development in the Making
Busan, South Korea - As YK Steel prepares for its relocation to Dangjin in 2023, there is growing interest in the future of the company's current Busan plant site. With the existing ownership structure, in which Daehan Steel acquired YK Steel through a spin-off, inheriting only the steel manufacturing facilities and sales business, while the Yamato Kogyo Group maintains ownership of the land for the Busan plant, it has been speculated that the site could be repurposed for residential use. The p
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Museum of Contemporary Art Busan Launches Innovative Docent Program for Children
MCAB Introduces <Docent for Kids> to Engage Young Art Enthusiasts Busan, South Korea - The Museum of Contemporary Art Busan (MCAB) has recently unveiled a groundbreaking new initiative aimed at fostering art appreciation among young audiences. Starting from March 18th and running until April 15th, the museum will offer a specialized <Docent for Kids> program every Saturday, tailored to engage and educate elementary school students visiting the museum. The MCAB acknowledges that visitors of all
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Gimhae and Busan Cities Reach Compromise on Bus Route Closures and Alternatives
Gimhae and Busan cities have reached a consensus on the partial closure of the Gimhae-Busan intra-city bus and the establishment of alternative routes. The cities had previously held differing positions on the timing of the closure and the alternative routes. Busan City initially proposed closing the Gimhae service route by the end of May, while Gimhae City suggested the end of June. Regarding the alternative route in the Busan area, Busan City advocated for the Daejeo-Gangseo-gu Office Station
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Busan Selected to Host Prestigious International Nuclear Conference in 2025
The City of Busan has announced that it has been chosen as the host city for the 21th International Topical Meeting on Nuclear Reactor Thermal Hydraulics (NURETH-21), organized by the American Nuclear Society (ANS). NURETH is the world's largest and most prestigious academic conference in the nuclear field, attracting over 1,000 participants, including global nuclear academics and industry officials, since its inception in 1980. The 21th International Topical Meeting on Nuclear Reactor Thermal
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Busan Unveils Next-Gen Express Railroad Project to Tackle Traffic and Support World Expo
The city of Busan, South Korea, has declared its commitment to the groundbreaking 'Next Generation Busan Express Railroad Project (BuTX).' This ambitious initiative is designed to combat severe traffic congestion in the city center, improve transportation access due to the construction of the Gadeokdo New Airport, and deliver essential infrastructure for the successful hosting of the 2030 Busan World Expo. The Next Generation Busan Express Railroad is set to revolutionize urban transportation b
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Lotte Shopping to Build First OSP-Equipped Customer Fulfillment Center in Busan
Busan, South Korea - Lotte Shopping has announced plans to construct its first customer fulfillment center (CFC) in Busan, utilizing the cutting-edge Ocado Smart Platform (OSP) technology from British retail tech firm Ocado. Construction is slated to begin late next year. On March 22, Lotte Shopping signed a memorandum of understanding (MOU) with Busan City for mutual cooperation on the CFC project. Busan Mayor Park Heong-joon, Busan Jinhae Free Economic Zone Commissioner Kim Ki-young, and Lott
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Busan Gears Up for Dazzling Fireworks Display in Support of 2030 World Expo Bid
Busan, South Korea - In an effort to secure the hosting rights for the 2030 World Expo, the city of Busan is preparing a spectacular fireworks show on April 6, from 7:30 p.m. to 9 p.m. at Gwangalli Beach. The "2030 Busan World Expo Bid Fireworks Show" is a grand event aimed at showcasing Busan's strong commitment to hosting the Expo and setting it apart from competing cities. Organized to coincide with the Bureau International de l'Exposition's (BIE) due diligence schedule, the fireworks displa
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Busan's Ambitious Leap Forward: New City Brand and Vision for the Future
Busan Mayor Park Heong-joon has declared 2023 as the "Year of Busan's Great Leap Forward" and unveiled a new city brand and vision for the future. The city aims to build a pan-citizen consensus on transforming Busan into a global hub city, fostering expectations and pride in the city's future. A proclamation ceremony for 'Big Dream, the Future of Busan' was held at the BEXCO Convention Center, showcasing the city brand creation process and celebrating citizen contributions. The event featured a
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Busan's Universities to Offer Affordable Breakfast Program for Students
South Korean universities in Busan, including Pusan National University, Korea Maritime University, Busan University of Foreign Studies, and the Catholic University of Pusan, will introduce a 1,000 won breakfast program for their students. This initiative is backed by the Ministry of Agriculture, Food and Rural Affairs, and the National Agricultural Research Center, which have selected 41 universities to participate in the project this year. The program aims to support 680,000 students. The 1,0
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Busan City Addresses Employment Mismatches with New Initiatives
Busan City recently held its 9th Busan Metropolitan City Job Committee meeting, where representatives and experts from job-related organizations, the government, and the business community convened to discuss ways to resolve employment mismatches in the region. As employment conditions become more challenging and economic uncertainty rises, job mismatches have intensified, with companies struggling to fill positions and job seekers either unwilling to work or moving out of the region. To addres
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Western Busan Districts Prepare for Development Opportunities as Gadeokdo New Airport Opening Approaches
As anticipation builds for the opening of Gadeokdo New Airport in 2029, local governments in western Busan, South Korea, including Saha-gu and Gangseo-gu, are preparing to capitalize on the development opportunities it will bring. Saha-gu, a less developed district in western Busan, is home to 300,000 people, making it the third most populous area in the city after Haeundae-gu and Busan Jingu. Despite its large population, Saha-gu has faced development challenges. However, as the closest distri
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Busan Sees a Near Doubling of Employed Seniors Over the Past Decade
The number of employed individuals aged 60 and older in Busan has nearly doubled in the past 10 years, reflecting a nationwide trend in South Korea. According to data from Statistics Korea's National Statistics Portal (KOSIS), there were 396,000 people aged 60 and over employed in Busan last month, marking a significant increase compared to February 2013 (205,000) and February 2003 (106,000). Several factors contribute to this growing trend. Firstly, the aging population in South Korea has been
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