Busan News

Busan is rethinking its roads and green spaces, integrating nature into urban infrastructure to improve livability, sustainability, and pedestrian access.

Busan’s economy is in decline while Incheon surpasses it in GDP and population. Can Korea’s first metropolitan city reclaim its position?

Busan’s new job initiative promises 350 jobs with a 7.4 billion won budget. But will it create real, sustainable employment or just repeat past failures?

Can Busan become a true global economic hub? The Global Hub City Special Act promises jobs, investment, and innovation—but execution remains the key challenge.

The Arctic shipping era is here. With the Northern Sea Route reducing Asia-Europe transit times by 40%, can Busan emerge as the key transshipment hub for Arctic trade?

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 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.