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Busan Metropolitan City Promotes Policy Research for the Establishment of the “Busan-Type Marine New Industry Leading Strategy”

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Busan Metropolitan City (Mayor Park Heong-joon) announced that it will promote policy research for the establishment of the “Busan-Type Marine New Industry Leading Strategy” (hereinafter referred to as “policy research”).

This policy research is being carried out as part of the “Project for Identifying and Fostering Leading Areas of the Marine New Industry,” implemented by the Korea Maritime Institute. The project is a new initiative launched this year by Busan Metropolitan City to discover mega-projects in the marine sector that will serve as future growth engines. The city is identifying and supporting various tasks to lead the marine new industry, with the Busan Institute for Science, Technology and Education Promotion as the designated organization.

Overview of the Policy Research for the Establishment of the Busan-Type Marine New Industry Leading Strategy

• ●Research period: August 1, 2025 – May 31, 2026 (10 months)

• ●Research institution: Korea Maritime Institute (KMI)

• ●Research content: Propose vision and objectives for the marine new industry linked with national and city policy directions; derive sector-specific development strategies; establish a roadmap for the utilization of marine hubs

• ●Research scope: (Time) 2026–2050; (Space) Busan area, extending linkages between coastal and inland industrial hubs

This policy research aims to define and identify Busan-type marine new industries, and to develop strategic projects and step-by-step implementation roadmaps by leveraging Busan’s strong marine infrastructure.

The study will present a future-oriented marine industry tailored to Busan that integrates existing industries with new technologies to create new markets and jobs, while also seeking ways to grow it into an internationally competitive industry.

The research will comprehensively cover all areas where Busan can take the lead, including smart marine mobility, blue finance*, blue food**, cold-chain logistics, marine bio, smart marine logistics, marine energy, marine leisure and tourism, as well as polar research and development (R&D).

In addition, the study will propose various development measures linked to the new government’s major policy directions in the marine and fisheries sector. Through this, Busan plans to attract central government policy projects to the city or to promote their commercialization at the national level.

The policy research will be led by the Korea Maritime Institute over a ten-month period until May next year, in collaboration with related research institutions such as the Marine Think Tank Task Force (TF).

The Marine Think Tank Task Force was established by the city last year as a cooperative system to consolidate the diverse expertise and innovative capabilities of government-funded research institutes specializing in the marine sector in the region. Its goal is to identify collaborative projects leading the marine new industry and to help Busan rise as a global hub city of the oceans.

Participating research institutions include the Korea Institute of Ocean Science and Technology, Korea Maritime Institute, Korea Research Institute of Ships & Ocean Engineering, Korea Small & Medium Shipbuilding Industry Cooperative Research Institute, Korea Institute of Industrial Technology, Korea Institute of Machinery & Materials, and Korea Food Research Institute. Supporting organizations include the Korea Ocean Business Corporation, Busan Institute for Science, Technology and Education Promotion, and Busan Technopark.

Meanwhile, the inception briefing session will be held tomorrow, September 3, at 13:30 at the Korea Maritime Institute. The program will proceed in the order of opening and participant introductions, the inception report, followed by a Q&A session and discussions.

The briefing session will be attended by the Director General of the Marine, Fisheries and Agriculture Bureau of Busan, Kim Young-bu, President of the Busan Institute for Science, Technology and Education Promotion, the Marine Think Tank Task Force, and about 20 researchers from marine and fisheries research institutions. They will share the direction and implementation plan of the policy research and exchange opinions.

Park Geun-rok, Director General of the Marine, Fisheries and Agriculture Bureau of Busan, stated, “Through this policy research, we will present a blueprint for the Busan-Type Marine New Industry and take the first step toward Busan’s leap forward as a global maritime capital. We will present strategies and visions for identifying and fostering Busan-type marine new industries and actively support them in close alignment with national policy directions so that Busan’s marine industry can take root as a new growth engine of the Republic of Korea.”

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(* Blue Finance: Financial services and investments in the marine sector)
(** Blue Food: Sustainable food resources produced from the ocean)