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Busan Metropolitan City Trade Delegation to Central Asia Achieves USD 5.5 Million in Outcomes – Economic Exchanges Through Collaboration with the City Council

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Busan Metropolitan City Mayor Park Heong-joon and Song Bok-cheol, President of the Busan Economic Promotion Agency, announced that the Central Asia trade delegation achieved a total of USD 5.5 million in contracts and agreements during its visit to Almaty, Kazakhstan, and Tashkent, Uzbekistan, from September 15 to 20.

<2025 Central Asia Trade Delegation Overview>

• ●Period/Location: September 15 (Mon) – September 20 (Sat), 2025 (6 days, 4 nights)
  ‣ Export consultations: Almaty (Sep. 16, Tue), Tashkent (Sep. 18, Thu)

• ●Consultation items: General product categories

• ●Delegation size: 8 SMEs from Busan with diverse product lines

• ●Key results: Contract negotiations worth USD 4 million and MOUs worth USD 1.5 million

The delegation was comprised of eight SMEs from Busan dealing in used excavators, valves, cosmetics, functional clothing, medical assistive devices, and other products. Export consultation meetings with local buyers were held in Almaty (Sep. 16) and Tashkent (Sep. 18).

At the Almaty business meeting, Donggwang Trading Co., Ltd. signed an MOU with Shin-Line Group, Kazakhstan’s leading food enterprise, for a refrigerated transport, storage, and cold chain distribution project worth USD 500,000. This served as a foundation for expanding local networks and developing new markets for Busan companies.

At the Tashkent business meeting, DenQ Implant, a dental implant company, signed an MOU with local buyers worth USD 1 million. In addition, a wide range of consultations were conducted, leading to a total outcome of USD 5.5 million in contract negotiations.

Delegation members also participated in the Busan–Almaty Future Strategy Seminar hosted by the Busan Global City Foundation, where they shared updates on regional exchanges and engaged in networking opportunities with local institutions and companies.

The success of this trade delegation was made possible by the friendly exchange agreement signed between the Busan City Council and the Almaty City Council on August 6. This demonstrates how collaboration between the City and the City Council has yielded tangible achievements in developing new markets in Central Asia. Building on this momentum, Busan Metropolitan City plans to continue fostering regional cooperation models and expanding support for local export-oriented enterprises.

Kim Bong-cheol, Assistant Mayor of Digital Economy Office, stated:
“This Central Asia trade delegation marks the first case where collaboration between the City and the City Council has progressed beyond friendly exchanges to economic cooperation. Going forward, the City and the Council will continue to work together to support overseas market development and strengthen export expansion for local companies.”