Busan News

Busan, South Korea - The city of Busan is set to decide on the relocation and modernization of the long-debated Busan Detention Center and Busan Prison within the year. In order to address the need for modernization, the city will establish a site selection committee to determine the new location and proceed with the project in earnest next year. A recent 'Feasibility Study for the Development and Modernization Concept of Facilities Around the Busan Correctional Facility' was completed, which w

Busan City, South Korea, has announced the commencement of the 'Busan Democracy Park Museum Annex' construction project, a dedicated facility to systematically preserve, exhibit, research, and educate the public on materials related to the democratization movement. The project, which started in March this year, has a budget of 15.8 billion won ($13.1 million), with 6.9 billion won ($5.7 million) funded by the national government and 8.9 billion won ($7.4 million) provided by the city. The museu

The city of Busan is set to commence full-scale construction on the Gwangandaegyo Bridge Access Road Connection Project, aimed at resolving traffic difficulties in Haeundae-gu, Centum City, and the new downtown area. A groundbreaking ceremony is scheduled for 2:30 p.m. on March 20 at Olympic Park in Haeundae-gu, Busan, with attendance by Busan Mayor Park Heong-joon and over 200 people, including local lawmakers, Haeundae-gu district mayor, city councilors, and residents. The project involves co

South Korea has announced the removal of the mask mandate for public transportation starting 20th March Monday, eliminating a COVID-19 preventative measure in place since 2020. The change applies to public buses, school buses, subways, KTX bullet trains, taxis, and airplanes. This marks one of the final COVID-19 restrictions in the country, with outdoor mask mandates lifted in May last year and indoor mandates ending in January. The decision comes as South Korea sees a downward trend in new COV

Busan-type Express Railroad (BuTX) project set to connect Gadeokdo New Airport with downtown Busan With the 2030 Busan World Expo on the horizon, the South Korean government is accelerating plans to open Gadeokdo New Airport in December 2029. A significant component of this development is the Busan-type Express Railroad (BuTX) project, an express railroad aimed at connecting the new airport with downtown Busan. The city is working to establish a commercialization strategy for BuTX by the end of

The Busan Metropolitan City has announced that it will be signing a business agreement with Saha-gu to ensure the early construction and successful operation of the Seobusan Medical Center. The agreement promises to provide mutual cooperation between the two entities for the smooth and timely construction of the medical center. The signing ceremony will be attended by Busan Mayor Park Heong-joon and Saha-gu district Mayor Lee Gap-jun. Once the agreement is signed, Busan City and Saha-gu Office

Apple and Hyundai Card have announced the upcoming launch of Apple Pay in South Korea on March 21, marking the tech giant's latest move into the competitive mobile payment service market. The launch comes a month and a half after Apple first announced its plans in early February, following a review by the Financial Services Commission (FSC), the regulatory body overseeing financial institutions and products in South Korea. Currently, only Hyundai Card users will be able to utilize Apple Pay in

The Ministry of Land, Infrastructure, and Transport (MOLIT) is reportedly considering a new construction method for Gadeokdo New Airport that involves building the terminal and part of the runway on the island and constructing the airport in a landfill style that spans land and sea. The proposed method is expected to greatly reduce the amount of landfill required for the project compared to the existing maritime airport and could allow for the airport to open before 2030. The city of Busan has

The triple impact of inflation, a high exchange rate, and high-interest rates have put many companies in Busan under financial strain, with some facing short-term liquidity risks. Recently, the Busan Chamber of Commerce and Industry (BCCI) released the results of its 'Emergency Management Status' survey, targeting local listed companies in the manufacturing, service, and construction industries with sales of over 50 billion won. The survey revealed that 84.9% of respondents reported negative ef

The Busan World Expo 2030 Bid Committee held its third meeting on Friday, March 10th, at the Four Seasons Hotel in Seoul. The meeting, co-chaired by Prime Minister Han Duck-soo and Chey Tae-won, Chairman of the Korea Chamber of Commerce and Industry(KCCI), discussed the detailed plans for this year's bidding activities. The meeting aimed to unite the public and private sectors' bidding capabilities ahead of the decision on the 2030 World Expo host site in late November. The committee's focus wa

The city of Busan has secured the hosting rights for the 2024 World Volunteer Conference, the world's largest event in the field of volunteerism. The announcement was made following a selection process conducted by The Committee for the IAVE World Volunteer Congress, which saw Busan emerge as the top choice among a list of cities vying to host the prestigious event. Busan's successful bid was a result of the city's ability to highlight its attractiveness, such as its infrastructure for internat

The sluggish sales market in Busan has resulted in construction companies shifting their focus toward government projects, in search of stable construction costs and reduced risks. As a result, the latest offering by the Busan Metropolitan Corporation for private operators has garnered significant attention from at least six companies, including Hyundai Engineering & Construction, Taeyoung E&C, and Kumho E&C, all of which are expected to participate in the upcoming competition. The project will