Busan news

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.

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.

Busan’s student population is plummeting as birth rates hit record lows. Schools are closing, families are leaving, and entire districts face extinction.

Busan’s science and technology graduates face growing employment challenges, with many struggling to find stable, high-paying jobs. A new BISTEP report highlights alarming trends, including high non-regular employment rates, wage disparities, and a worsening brain drain.

Busan secures the largest development expansion in 17 years as South Korea lifts restrictions on 16,528,925 square meters (1,652 hectares) of land. With major projects in AI, logistics, and smart cities, the city aims to become a global economic hub.

Busan is strengthening its role as a global electric vehicle (EV) hub, with Mayor Park Heong-joon meeting Renault Group VP Thierry Charvet to discuss future investment and EV production expansion.