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Busan and Anchorage Sign Letter of Intent (LOI) to Strengthen Exchange and Cooperation Between the Two Cities

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Busan Metropolitan City (Mayor Park Heong-joon) announced that on October 25, a delegation from Anchorage, Alaska, USA, will visit Busan to discuss ways to enhance exchanges in areas such as ports and logistics, tourism and culture, and the economy, and to sign a Letter of Intent (LOI) for cooperation between the two cities.

Anchorage is the largest city in the State of Alaska and serves as the state’s economic, cultural, and logistics hub. The delegation will include William Falsey, Chief Administrative Officer of Anchorage; Christopher Constant, Chair of the Anchorage Assembly; and officials from the economic and tourism sectors.

The signing ceremony will be held at 11:20 a.m. on October 25 at the Park Hyatt Busan, attended by the Vice Mayor for Future Innovation and the Anchorage delegation.

Through the LOI signed on the same day, the two cities agreed to strengthen mutual cooperation in specific areas, including port and logistics industry collaboration, tourism cooperation, and the promotion of human exchanges.

The signing of this Letter of Intent holds significant meaning as it lays the foundation for both cities to advance together as global hub cities connecting the North Pacific region.

It combines the capabilities of Busan—a leading Northeast Asian logistics hub and global tourism city with the world’s second-largest transshipment port and seventh-largest container throughput—with Anchorage’s strategic position as a forward base for U.S. Arctic development and a key hub for energy and logistics.

After the signing ceremony, the delegation will attend a welcome luncheon hosted by the Vice Mayor for Future Innovation and tour major tourist sites in Busan to observe the city’s advanced maritime infrastructure and tourism resources.

Seong Heui-yeob, Vice Mayor for Future Innovation, stated, “Anchorage’s visit will serve as an opportunity to expand exchanges between the two cities connecting the North Pacific. We will make continuous efforts to foster practical cooperation in various sectors such as maritime affairs, ports, and tourism.”
He added, “Busan will continue to expand substantial exchanges and cooperation with major cities around the world to further strengthen its status as a global hub city.”