Busan is good

3rd Bu-Ul-Gyeong Policy Council Held Today to Mark the 2nd Anniversary of the Bu-Ul-Gyeong Megaregion Economic Alliance

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The Busan Metropolitan City announced that the 3rd Bu-Ul-Gyeong Policy Council meeting was held on April 14 at 11:00 AM in the video conference room of Busan City Hall, attended by Mayor Park Heong-joon of Busan, Mayor Kim Doo-gyeom of Ulsan, and Governor Park Wan-soo of Gyeongsangnam-do.

The meeting agenda included:

• ●A progress report on the Bu-Ul-Gyeong Megaregion Economic Alliance

• ●Discussion of major joint projects

• ●Suggestions for reflecting key initiatives in national policies

• ●A joint declaration by the three regional leaders

• ●A press briefing

This third council meeting was convened to commemorate the second anniversary of the alliance, launched on March 29, 2023, with the goal of achieving practical cooperation between the three regions of Busan, Ulsan, and Gyeongsangnam-do.

Over the past two years, the alliance has:

• ●Established a regional development plan for the megaregion

• ●Identified key joint projects

• ●Carried out more than 60 collaborative initiatives in various fields, including several flagship projects announced last year that have shown visible progress

Mayor Park Heong-joon remarked:

“As we mark the second anniversary of the Bu-Ul-Gyeong Megaregion Economic Alliance, I am proud of the many results that citizens can now see and experience firsthand.
The alliance has led the way in advancing the era of regional empowerment. Moving forward, the three regions will continue to communicate closely and work together to shape a prosperous future for both our region and the nation.”

To ensure effective execution of the alliance’s goals, the Bu-Ul-Gyeong Megaregion Promotion Taskforce has developed the 2025 Implementation Plan under the existing 2023–2027 Megaregion Development Plan, which was officially approved by the Presidential Committee for the Era of Local Autonomy on April 2.

The council also discussed how to jointly reflect Bu-Ul-Gyeong initiatives in the new administration’s national agenda.

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[Background on the Megaregion Development Plan]

• ●Legal Basis: A statutory plan under the Framework Act on Balanced Regional Development

• ●Purpose: To serve as a core component of the national strategy for regional autonomy

• ●Planning Body: Jointly formulated and submitted by the three regional governments

• ●Scope: Includes both joint megaregion-wide projects and individual city/province initiatives

• ●Planning Cycle:
  · 5-year master plan (2023–2027)
  · Annual implementation plans supplement the master plan