Busan News

Busan Metropolitan City announced on April 14th, 2023, that it will sign an investment memorandum of understanding(MOU) with a total of six companies, including three tech-focused firms - Panasia, DOUZONE BIZON, and Wedit. The investment agreement signing ceremony will be attended by Busan Mayor Park Hyung-joon and top executives from each of the participating companies. Panasia, an eco-friendly energy equipment specialist renowned in the global market, has been steadily growing with a strong p

The National Tax Service (NTS), the overarching authority for national tax revenue, has a total of 140 tax offices under its jurisdiction, including its headquarters in Sejong City and seven regional tax offices. Each of these tax offices has a unique role to play in the collection of tax revenue based on factors such as the local population and economic strength. At the end of December 2021, the NTS collected 334 trillion won in tax revenue, and the question on everyone's mind was which of the

Busan, located in the southeast of South Korea, is a city known for its rich cultural heritage, stunning beaches, and its position as a hub for business and trade. The city's strategic location provides it with access to the China Economic Zone, Japan Economic Zone, Yellow Sea Zone, and Trans-Taiwan Sea Zone, making it an ideal location for businesses looking to expand into the Asia-Pacific region. Investment in Manufacturing : A Growing Manufacturing Industry Despite the decrease in foreign

The government of Korea has announced that it will resume the issuance of short-term visas to travelers from China. The decision comes after noting the improved COVID-19 situation in China and following an anti-virus meeting on Friday. The move marks the end of a long-standing restriction that had caused tensions between Seoul and Beijing. In December, China abruptly ended its stringent "zero-COVID" policy, leading to a surge of infections and raising the prospect of millions of Chinese travele

Busan Metropolitan City  has stepped forward to offer its support to Türkiye, which has been devastated by an unprecedented earthquake. Busan has donated $100,000 (approximately 126 million won) in relief aid to Turkey in an effort to help the country recover from the damage caused by the disaster. This act of generosity is seen as a symbol of Busan's gratitude towards Türkiye for its deployment during the Korean War. According to the city of Busan, Mayor Park Hyung-jun ordered the relief aid t

The National Natural Heritage Center project in Eulsukdo, Busan, is one step closer to becoming a reality. The Bill on the Protection and Utilization of Natural Heritage has passed the National Assembly's Committee on Culture, Sports, and Tourism and now only awaits a plenary vote. If the bill is approved, the project is expected to be completed by 2028, with the Ministry of Culture, Sports, and Tourism serving as the lead agency. The National Natural Heritage Center is being positioned as an i

Busan Metropolitan City will host a busking event, February 11th, from 5:00 pm to 6:30 pm, at Millac the Market in Suyeong-gu, to promote the 2030 Busan World Expo bid. The "Made in Busan Pan" of the busking event will involve local indie bands working with the city government to perform songs related to the World Expo and to encourage citizens to support the bid. The event aims to bring together Busan residents to celebrate and pray for the success of the 2030 Busan  World Expo bid, which has

The Busan Metropolitan Office of Education and the Dong-gu Office recently announced their partnership aimed at strengthening public education by establishing a high school credit system and improving English language skills. Gyeongnam Girls' High School in Dong-gu will serve as the high school credit research school and Deresa Girls' High School, Busan High School, and Geumsung High School will serve as the high school credit preparation schools. The goal of the partnership is to shift high sc

Busan Metropolitan City has announced its operation plan for the Busan Big Data Innovation Center in 2023, aiming to turn Busan into a city that leads the digital economy. The center, which was opened in August 2022 in Haeundae-gu, Centum, will be fully equipped this year with various programs and expertise to support the revitalization of the region's data-related industries. The center is run by Busan Techno Park and is equipped with innovative technology incubation spaces, training and meeti

The Busan-Ulsan-Gyeongnam Special Alliance, also known as the Mega City, has been officially abolished after the resolution passed in the plenary session of the Busan City Council. The vote took place on February 8th and resulted in 39 council members voting in favor of the resolution, with two members from the Democratic Party of Korea voting against and three members abstaining. The special alliance, formed in 2020, was intended to promote balanced development in the region. However, after th