Busan News

A consortium led by Daewoo Engineering & Construction has acquired the Namcheon-dong Mega Mart site, located near Busan's famous Gwangandaegyo Bridge, for KRW 632.8 billion (approximately USD 564 million), as reported in a statement by Busan City Gas, the property's owner. The 30,606 square meter property, which includes a building area of 5,867 square meters, was finalized with a 10% deposit, with the remaining balance to be paid by May 23 next year. The acquisition has sparked speculation abo

A recent survey conducted in Busan, South Korea, reveals varying rates of private Hagwon(private educational institute or school) usage and study habits among elementary and middle school students across different districts of the city. The Busan Metropolitan City Office of Education has interpreted these findings as a sign that students in the western districts rely more on public education and spend less time studying than their peers in the central and eastern districts. In response, the Bus

In Busan, South Korea, a recent survey conducted by the Busan Chamber of Commerce and Industry found that a significant number of employees nearing retirement age are planning to re-enter the workforce after they retire. This trend, which may have implications for the broader global workforce, comes as many countries face the challenges of an aging population. The survey, titled 'Survey on Employment Status and Activation Measures for the Elderly in Busan,' included 200 employees aged 55 and ol

Busan, South Korea - The International Film Business Academy, a regular program of the Busan Asian Film School (AFis), celebrated its matriculation ceremony yesterday, welcoming new students, faculty, staff, and officials from Busan Metropolitan City. Established in October 2016, AFis is an educational institution designed to develop and support producer-oriented professionals in the Asian film industry. To date, the school has produced 119 graduates from 26 countries. This year, 17 students fr

Busan, South Korea - The city of Busan held its "1st 15 Minute City Vision Tour Season 2" event yesterday at the Saha-gu Office Auditorium. The event aimed to identify key projects for the speedy implementation of the 15-minute city concept by increasing community interest and participation. The 15-minute city is an urban planning concept where residents can access essential services and amenities within a 15-minute walk or bike ride from their homes, promoting sustainability, livability, and so

Busan City, South Korea, and Osaka City, Japan, have entered into a memorandum of understanding (MOU) to collaborate on the successful hosting of the 2025 Japan International Expo in Osaka and support Busan's bid for the 2030 World Expo. The MOU was proposed during a meeting between Busan Vice Mayor Lee Sung-kwon and Osaka Vice Mayor Toru Takahashi earlier this month. The MOU ceremony took place at Osaka City Hall, where both vice mayors attended and signed the agreement. As part of the partner

Busan, South Korea - As YK Steel prepares for its relocation to Dangjin in 2023, there is growing interest in the future of the company's current Busan plant site. With the existing ownership structure, in which Daehan Steel acquired YK Steel through a spin-off, inheriting only the steel manufacturing facilities and sales business, while the Yamato Kogyo Group maintains ownership of the land for the Busan plant, it has been speculated that the site could be repurposed for residential use. The p

MCAB Introduces <Docent for Kids> to Engage Young Art Enthusiasts Busan, South Korea - The Museum of Contemporary Art Busan (MCAB) has recently unveiled a groundbreaking new initiative aimed at fostering art appreciation among young audiences. Starting from March 18th and running until April 15th, the museum will offer a specialized <Docent for Kids> program every Saturday, tailored to engage and educate elementary school students visiting the museum. The MCAB acknowledges that visitors of all

Gimhae and Busan cities have reached a consensus on the partial closure of the Gimhae-Busan intra-city bus and the establishment of alternative routes. The cities had previously held differing positions on the timing of the closure and the alternative routes. Busan City initially proposed closing the Gimhae service route by the end of May, while Gimhae City suggested the end of June. Regarding the alternative route in the Busan area, Busan City advocated for the Daejeo-Gangseo-gu Office Station

The City of Busan has announced that it has been chosen as the host city for the 21th International Topical Meeting on Nuclear Reactor Thermal Hydraulics (NURETH-21), organized by the American Nuclear Society (ANS). NURETH is the world's largest and most prestigious academic conference in the nuclear field, attracting over 1,000 participants, including global nuclear academics and industry officials, since its inception in 1980. The 21th International Topical Meeting on Nuclear Reactor Thermal

The city of Busan, South Korea, has declared its commitment to the groundbreaking 'Next Generation Busan Express Railroad Project (BuTX).' This ambitious initiative is designed to combat severe traffic congestion in the city center, improve transportation access due to the construction of the Gadeokdo New Airport, and deliver essential infrastructure for the successful hosting of the 2030 Busan World Expo. The Next Generation Busan Express Railroad is set to revolutionize urban transportation b

Busan, South Korea - Lotte Shopping has announced plans to construct its first customer fulfillment center (CFC) in Busan, utilizing the cutting-edge Ocado Smart Platform (OSP) technology from British retail tech firm Ocado. Construction is slated to begin late next year. On March 22, Lotte Shopping signed a memorandum of understanding (MOU) with Busan City for mutual cooperation on the CFC project. Busan Mayor Park Heong-joon, Busan Jinhae Free Economic Zone Commissioner Kim Ki-young, and Lott