Busan is good

Series of Investment Commitments in Busan by High-Tech Companies—4 Green and Bio Companies Sign MOUs with the City

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On April 15 at 11:00, Busan Metropolitan City signed investment memorandums of understanding (MOUs) with four advanced technology companies specializing in eco-friendly ship parts and biotech industries at City Hall. The total investment amounts to KRW 52 billion, with the creation of 206 new jobs, contributing to the revitalization of the regional economy.

The investment types include reinvestment by companies that previously relocated to Busan, expansion by local startups, and relocations of R&D firms from the Seoul metropolitan area.

Participating Companies and Key Details:

• 1.BMT Co., Ltd.

• ○Investment: KRW 18.2 billion

• ○Jobs Created: 40

• ○Details: A KOSDAQ-listed fitting and valve manufacturer, BMT relocated its headquarters to Busan’s Jangansa area in 2023 with government subsidies. Due to growing global demand for eco-friendly ships, it plans to build a second plant in the New Material Industrial Complex in Gijang-gun.

• 2.Driveforce Co., Ltd.

• ○Investment: KRW 16.3 billion

• ○Jobs Created: 43

• ○Details: Founded in Busan in 2019, this fast-growing company develops eco-friendly electric and hybrid propulsion systems. It operates a one-stop solution in partnership with global energy company Danfoss and will build new facilities in the Dongnam Medical Science Industrial Complex.

• 3.Simple Planet Co., Ltd.

• ○Investment: KRW 10 billion

• ○Jobs Created: 88

• ○Details: A Seoul-based food biotech company developing functional ingredients using cellular agriculture. Simple Planet is relocating its headquarters to Busan to expand global market access and secure talent.

• 4.Fireball Co., Ltd. (MOU signed remotely)

• ○Investment: KRW 7.5 billion

• ○Jobs Created: 35

• ○Details: Specializes in automotive cleaning agents and coating products. The company will move its headquarters from Yangsan (Gyeongnam) to the Orisan Industrial Complex in Gijang-gun.

Outlook and City’s Support

With these MOUs, Busan continues to attract a diverse range of investments—from reinvestment and startup growth to R&D relocation—strengthening its industrial base. Moving forward, the city will focus on securing new growth engines by attracting future-oriented tech companies.

Mayor Park Heong-joon expressed his gratitude to the companies:

“Despite domestic and international uncertainties, I sincerely thank these companies for choosing to invest in Busan. We will actively support them through tailored policies so they can become global leaders in their respective industries.”