Busan invests in digital, marine, environmental future
The 2021 city budget includes a number of key projects in the region, including the nation's Digital New Deal policy. It is expected that the Digital New Deal will let the country seize a special opportunity to foster future talent and spread technologies necessary for the Fourth Industrial Revolution. City Hall also secured a stable budget for its Green New Deal to create an eco-friendly environment and to switch to a green economy, which includes the remodeling of public buildings and projects aimed toward emission reduction for automobiles.
Additionally, the city secured a budget to build production facilities and research and development centers to strengthen export competitiveness in the materials, parts and equipment sectors to develop core technologies and set a stable supply system.
△ Increased support for the city's ports is part of Busan's 2021 budget.
In the marine sector, Busan will be able to strengthen its competitiveness in the industry and enhance its status as an international maritime capital by securing money for new marine-related projects. This will be done via a free zone for regulating marine mobility, development of core equipment and materials needed for the marine fisheries industry and for the establishment of an eco-friendly hy-drogen fuel ship platform for research and development.
In culture and tourism, the city aims to secure a budget for its archive project of the Joseon Tongsinsa (Korean missions to Japan during the Joseon Dynasty), the international tourism city development project, the construction of the Busan International Art Center and the operation of the Busan Global Game Center.
Busan will be reborn as a leader in global technology during the Korean New Deal project. The city has been designated as a nuclear-dismantling convergence complex, and it will specialize in energy, cost reduction and technological innovation. City Hall predicts that this designation will pave the way for becoming the world's top nuclear decommissioning industry.
The domestic effort alone will be worth 10 trillion won by 2030, and the city will have a competitive edge in jumping into the global market, estimated at 123 trillion won. In addition, City Hall has decided to push ahead with its plan to foster next-generation energy industries that can cope with climate change.