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Busan’s Ibagu-gil Gets a Startup Makeover—But Can It Succeed This Time?

Busan’s Ibagu-gil Gets a Startup Makeover—But Can It Succeed This Time?

Busan is transforming Ibagu-gil into a startup and co-living hub, aiming to break the cycle of past failed revitalization efforts. Can this new approach create a sustainable business ecosystem, or will history repeat itself?

Gadeokdo Airport Takes Flight: Can Busan Challenge Incheon’s Dominance?

Gadeokdo Airport Takes Flight: Can Busan Challenge Incheon’s Dominance?

Gadeokdo New Airport is set to redefine South Korea’s aviation landscape, promising a ₩29 trillion ($22 billion) economic boost and over 116,000 new jobs. Positioned as Busan’s gateway to the world, the project aims to challenge Incheon’s dominance and integrate air, sea, and rail logistics.

Ulsan’s Population Set to Decline Below 1 Million by 2050: What Lies Ahead?

Ulsan’s Population Set to Decline Below 1 Million by 2050: What Lies Ahead?

Ulsan is facing a severe population crisis, with projections showing a decline from 1.09 million in 2025 to 844,000 by 2050. As the city’s workforce shrinks and aging accelerates, concerns grow over economic stagnation, labor shortages, and reduced public services.

Busan and Finland Explore Cooperation in Smart Cities and Arctic Trade

Busan and Finland Explore Cooperation in Smart Cities and Arctic Trade

Busan is strengthening international ties with Finland through discussions on smart city development, Arctic trade, and economic cooperation. Mayor Park Heong-joon met with Finnish Ambassador Jyri Järviaho to explore opportunities in technology, transportation, and sustainable urban planning.

Coupang’s Retail Dominance: A Threat to Small Businesses or a New Retail Era?

Coupang’s Retail Dominance: A Threat to Small Businesses or a New Retail Era?

Is Coupang’s retail empire unstoppable? As e-commerce thrives, Korean small businesses face extinction—or a transformation. Can they adapt in a Coupang-dominated market?

South Korea Slashes Interest Rates Amid Economic Slowdown: A Desperate Bid for Stability?

South Korea Slashes Interest Rates Amid Economic Slowdown: A Desperate Bid for Stability?

South Korea’s economy is slowing, with growth projections downgraded to 1.5% and interest rates cut to 2.75%. As Trump’s trade policies fuel uncertainty, concerns grow over capital outflows, inflation, and a weaker won. Can fiscal stimulus avert a deeper downturn?

Trump’s “Gold Card” Immigration Plan: U.S. Green Cards for Sale to the Wealthy

Trump’s “Gold Card” Immigration Plan: U.S. Green Cards for Sale to the Wealthy

Trump introduces the "Gold Card" visa, allowing foreign nationals to buy U.S. green cards for $5M. The EB-5 program is abolished—what does this mean?