Archive page 108

Busan is one step closer to its aspiration of designating the Nakdonggang River as a national garden, following the creation of the city's first and the nation's largest local garden along the Nakdonggang River bank in Samnak Ecological Park. The Busan Metropolitan Government announced today that it has registered and publicized a riverfront area of 2.5 million square meters in Samnak Ecological Park as the first Nakdonggang River Local Garden in Busan. This land is state-owned and is located w

The City of Busan has announced that United Insurance Brokers (UIB) and LINA One have been chosen to set up their operations at the Busan International Finance Center (BIFC). This major step is aimed at bolstering the city's financial landscape amidst challenging global economic conditions. The decision follows a comprehensive selection process that began in June, seeking suitable foreign financial institutions for the new D-Space located on the 63rd floor of the BIFC. The selection process, wh

In a striking deviation from the global norm, the International Monetary Fund (IMF) has for the fifth time since July of the previous year, slashed its forecast for South Korea's economic growth rate for 2023 to 1.4%. This move diverges from the IMF's broader perspective, which has seen a 0.2% increase in the global economic growth forecast this year. As the world navigates its way out of recession, South Korea's persistent pattern of sluggish growth is undermining the government's anticipations

The city of Busan has announced plans to host the Asian Startup Expo "FLY ASIA 2023" from October 5th to 8th, aimed at supporting promising startups in attracting investment and expanding overseas through connections and collaborations between leading startup cities in Asia. The Expo will take place at the second exhibition hall of BEXCO for four days. The inaugural Asian Startup Expo, held last year, was intended as a launching pad for startups across Asia to rise together under the slogan "Co

In the heart of Busan, South Korea, an experiment in participatory democracy is unfolding. It is an experiment that is as novel as it is inspiring, and it takes place every Saturday inside the office of Assemblyman Park Soo-young. Intrigued by this unique democratic process, I made a personal visit to experience it firsthand. A New Brand of Politics As the Member of the National Assembly representing Busan's Nam-gu district, Park Soo-young is a charismatic leader whose approach to politics is

In an era defined by unprecedented advancements, societies around the globe are confronted with complex challenges that call for a nuanced understanding of multifaceted concepts. The human drive for progress, hinged on intellectual pursuits, is continually creating sophisticated societal structures that present new puzzles to solve. It is within this backdrop that four main themes emerge as particularly crucial in shaping our collective ability to navigate and thrive in these evolving landscapes

The city of Busan has announced the official launch of the basic and implementation design services for the 3rd Hwangryeong Tunnel road opening project. The project kickoff meeting took place yesterday at 10 AM in the city hall conference room on the 20th floor. The 3rd Hwangryeong Tunnel project, stretching a total length of 4.11 kilometers, is an ambitious road construction plan worth KRW 3.696 trillion. This new infrastructure aims to connect the Shinli intersection in Yeonsan-dong, Yeonje D

BUSAN, SOUTH KOREA - In an ambitious bid to stimulate growth and innovation in the financial industry, the City of Busan convened a high-profile meeting involving stakeholders from both the public and private sectors. The meeting, held at the Avani Central Busan, was a landmark moment for the region's financial future, marking the launch of the Busan Financial Industry Promotion Plan. The event was attended by a diverse range of representatives from the financial community, including Mayor Park