Busan News

Busan, South Korea – Busan has announced the introduction of a new luxury hotel under the “Shilla Monogram” brand. The project, set within the Osiria Tourism Complex, involves a partnership between Busan City, Hotel Shilla, and East Bay Co., Ltd. With a groundbreaking expected in mid-2025, this high-end development aims to transform the city’s appeal among international tourists by offering world-class accommodations and amenities, underscoring Busan's vision to emerge as a global travel hub. I

Busan, South Korea - On Wednesday, Busan hosted a pivotal forum on reforming local governance structures, part of a nationwide effort led by the Ministry of the Interior and Safety. With an eye toward building a more responsive and sustainable system, the Gyeongnam Region Forum for Future-Oriented Administrative System Reform brought together government officials, researchers, and citizens. These regional forums are the work of the Future-Oriented Administrative System Reform Advisory Committee,

Busan, South Korea – G-Star 2024, South Korea’s largest and most influential gaming exhibition, opens today at BEXCO in Busan. Marking its 20th anniversary, this year’s event celebrates two decades of gaming innovation and industry collaboration with the largest-ever international turnout, featuring over 1,375 game companies from 44 countries. The four-day event runs from November 14-17, drawing industry leaders, gamers, and developers from around the world to experience the latest in PC, consol

Busan, South Korea – Prestige Biopharma, a Singapore-based biopharmaceutical company, has launched its Innovative Discovery Center (IDC) in Busan, South Korea. The new facility is aimed at enhancing Prestige Biopharma’s capabilities in antibody drug research and development. Located in Busan’s Myungji R&D area, the IDC is set to support a range of initiatives in biopharmaceutical research, including drug discovery, clinical trials, and collaborations with local and international partners. Prest

Busan, South Korea – As Busan prepares for the launch of new high-speed rail links that will connect it directly to Gangwon and Gyeongbuk provinces, the city is unveiling an expansive tourism strategy to attract visitors and boost its appeal as a must-see destination in Korea. With the year-end opening of the Bujeon-Gangneung ITX and Bujeon-Cheongnyangni KTX routes, Busan City plans to draw on these new transport links to enhance access to its attractions, focusing on unique cultural experiences

Busan, South Korea - On November 11, the City of Busan announced its 2025 budget, totaling 16.7 trillion KRW, a 6.3% increase from the previous year. With a strategic emphasis on enhancing citizen welfare, supporting economic revitalization, and promoting sustainable urban growth, Busan aims to establish itself as a global hub city that prioritizes both citizen happiness and global competitiveness. Nearly half of the 2025 budget, approximately 8.2 trillion KRW, is dedicated to welfare and socia

Busan, South Korea — Today, the 18th annual “Turn Toward Busan” ceremony will take place at the UN Memorial Cemetery in Busan, South Korea, honoring United Nations soldiers who sacrificed their lives during the Korean War. Under the theme “Turn Toward Busan,” this year’s event is expected to gather over 800 attendees, including veterans from 20 countries, their families, South Korean veterans, military leaders, and local citizens, who will come together in a powerful moment of remembrance and un

Busan, South Korea — Busan took another step forward in its mission to become a startup-friendly city today, as Mayor Park Heong-joon inaugurated the city’s third Startup Incubation center at Dong-eui University. The new center, part of the citywide “Startup Incubation” initiative, offers integrated work and living spaces designed to support young entrepreneurs in high-tech industries. This facility, which includes collaborative areas and networking lounges, is a key milestone in the city’s long

Busan, South Korea - In a landmark step toward greater regional autonomy, the cities of Busan and the neighboring province of Gyeongsangnam-do (Gyeongnam) unveiled a preliminary blueprint on November 8 for a proposed administrative integration. This initiative aims to transform Busan and Gyeongnam into a cohesive “regional economic capital” with expanded local control over finances, legislation, and public services. For South Korea, where administrative authority is highly centralized, the propo

Busan, South Korea – Busan’s small business sector is grappling with a critical downturn as restaurant closures surge and commercial vacancy rates climb across the city. More than 2,100 restaurants have closed their doors this year alone, representing a 75% increase compared to last year’s figures, leading to vacant storefronts in previously bustling districts. Recent data illustrates the sharp rise in both closures and vacancies. In Nampo-dong, one of Busan’s iconic shopping areas, the vacancy

Busan, South Korea - Busan is setting the stage for global recognition in the wellness and medical tourism industry with the 2024 Busan International Medical Tourism Convention, held at BEXCO from November 8 to November 9. This international convention, now in its 16th year, will welcome leaders and innovators from 18 countries, providing a platform to showcase Busan’s commitment to becoming a premier destination for wellness and medical services. The convention, jointly organized by the city o

Busan, South Korea — In a move poised to reshape the future of South Korea’s southeastern region, the city of Busan and Gyeongnam Province have formed a new Public Deliberation Committee to develop a roadmap for administrative integration centered on citizen input and collaborative governance. Launched with an official ceremony at the Gyeongnam Provincial Office, the initiative addresses the growing need for regional governments to streamline resources, enhance economic competitiveness, and impr