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Busan Recruits Companies for Participation in “2025 Marintec China in Shanghai”… Full Support for Marine Equipment Exports!

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The Busan Metropolitan City (Mayor Park Heong-joon), in cooperation with the Busan Regional Headquarters of the Korea International Trade Association (Director Kwon Do-kyum), announced that it is recruiting small and medium-sized enterprises (SMEs) based in Busan to participate in the “2025 Marintec China” (December 2–5, Shanghai, China) exhibition until June 24.

○ Held biennially, Marintec China is one of the world’s largest marine industry exhibitions, featuring participation from over 2,000 companies from 100 countries/regions and more than 80,000 global buyers and experts.

○ As of 2025, China holds the world’s largest market share (53%) in global shipbuilding orders, making this exhibition a prime opportunity to assess China’s shipbuilding strategy and technology demand. With China mandating eco-friendly ship equipment adoption by 2030, international cooperation with Korean companies is expected to grow even stronger.

○ In 2023, six regional companies participated in the exhibition and achieved contract negotiations worth USD 2.891 million (approx. KRW 3.9 billion).

Eligible applicants include Busan-based SMEs with export revenue under USD 30 million in the previous year. The city will evaluate applicants based on four criteria: ▲ annual sales, ▲ growth potential, ▲ product competitiveness, and ▲ overseas marketing performance, ultimately selecting seven companies for support.

○ Selected companies will receive support covering:

• ●Booth rental and setup fees of up to KRW 7 million

• ●50% of round-trip airfare for one person, up to KRW 285,000

• ●Other necessary exhibition expenses

○ To enhance marketing impact, Busan will establish a “Busan Pavilion” within the Korean Pavilion and support participating companies in conducting export consultations and product promotion activities targeting both Chinese and third-country buyers. The program aims to facilitate ▲ discovery of new export items, ▲ test market acquisition, and ▲ global branding of regional marine equipment products.

※ A separate group of 16 regional companies will participate through the Korean Pavilion managed by the Korea Marine Equipment Association (KOMEA).

Meanwhile, with the launch of Korea’s new administration raising expectations for strengthened Korea-China economic cooperation, both nations are deepening practical and future-oriented trade collaboration. In response, the City of Busan plans to roll out industry-specific cooperative projects with China in the second half of 2025.

○ Key initiatives include:

• ●Dispatching a marine equipment trade mission to Dalian in August following a May visit to Shanghai

• ●Sending an environmental machinery trade mission to Tianjin and Shenzhen in October

• ●Supporting local consumer goods companies in the China International Import Expo in November

• ●Supporting participation in the December Marintec China exhibition

Interested companies must submit an application and required documents via the City’s Overseas Marketing Integrated System (trade.bepa.kr) by June 24.

Kim Bong-cheol, Director-General of the Digital Economy Bureau of Busan, stated, “This exhibition presents a golden opportunity for local SMEs with strong technological capabilities, especially as the global ship market pivots toward LNG-powered eco-friendly vessels and China emerges as the largest buyer of related equipment.” He added, “With the lifting of restrictions on Korean products and increasing demand in the K-consumer goods market, the City will actively support various marketing initiatives targeting China across multiple industries in the latter half of this year.”