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Busan Metropolitan City Holds Discussion Forum on Development Strategies Linked to the Relocation of the Ministry of Oceans and Fisheries to Busan and the Establishment of the Busan Maritime Court

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Busan Metropolitan City announced that it will hold the “Forum on Development Strategies Linked to the Relocation of the Ministry of Oceans and Fisheries to Busan and the Establishment of the Busan Maritime Court” today (October 29) at 2 p.m. in the convention hall on the 2nd floor of Busan City Hotel.

This forum has been organized to explore ways to realize “Maritime Capital Busan” by integrating the functions of maritime administration and maritime judiciary, as the relocation of the Ministry of Oceans and Fisheries to Busan and the establishment of the Maritime Court are being actively promoted.

Maritime judiciary refers to judicial activities that investigate, adjudicate, and enforce laws related to disputes, crimes, and incidents occurring at sea, encompassing trials, investigations, and executions within the maritime domain.

In particular, the discussion will focus on strategies for establishing an integrated maritime cluster where administrative, industrial, financial, and legal functions of the maritime sector are concentrated in one place, and for realizing a global maritime hub.

The forum is jointly hosted by Busan Metropolitan City, the Council for Promoting Maritime Autonomy, and civic organizations such as the Busan Citizens’ Coalition for Local Autonomy and Balanced Development. The session will be chaired by Park Jae-yul, Chairperson of the Council for Promoting Maritime Autonomy.

The keynote presentation will be delivered by Professor Jeong Yeong-seok of Korea Maritime and Ocean University. The panel discussion will feature participants from diverse fields of expertise, including:

• ●Lim Mal-suk, City Council Member (Busan Metropolitan Council’s Committee on Marine, Urban, and Safety Affairs)

• ●Park Moon-hak, Attorney (Chairperson, Maritime Law Promotion Committee, Busan Bar Association)

• ●Ko Seong-jin, Attorney (Ulsan Bar Association)

• ●Choi Seong-su, Professor (School of Law, Dong-A University)

• ●Jang Ha-yong, Director (Future Strategy Planning Office, Busan Institute)

• ●Lee Hye-jin, Senior Researcher (Korea Maritime Institute)

• ●Lee Jin-woo, Director of Shipping and Port Division (Busan Metropolitan City)

During the discussion, participants will examine a wide range of topics, including:

• ●The significance and ripple effects of relocating the Ministry of Oceans and Fisheries to Busan

• ●The necessity of expanding infrastructure for maritime finance and legal services

• ●Strategies for fostering the maritime knowledge industry through the establishment of the Busan Maritime Court

• ●Insights from the case of the Piraeus Maritime Cluster in Greece*

• ●Measures to link regional job creation with balanced national development

Experts expressed their anticipation that the forum will generate practical strategies for Busan to move beyond mere administrative relocation and evolve into a truly global maritime capital where the maritime industry, finance, and legal services are organically integrated.

The Piraeus Maritime Cluster in Greece is the world’s largest maritime industrial complex, centered on the Port of Piraeus, where more than 3,000 companies in shipping, finance, law, and services are concentrated. It is recognized as the most renowned maritime ecosystem model, where administration, industry, finance, law, and education are organically connected within one space.

This forum is open to all citizens interested in Busan’s future maritime policy and the establishment of the Maritime Court in Busan, without the need for prior registration. Detailed information is available on the city’s website (busan.go.kr/depart/abnotice03). For inquiries, please contact the Marine City Policy Division at 051-888-5275.

Park Geun-rok, Director General of the Bureau of Marine, Agriculture, and Fisheries of Busan Metropolitan City, stated, “The relocation of the Ministry of Oceans and Fisheries to Busan will serve as a pivotal moment for Busan to establish itself as the true center of maritime administration in its journey toward becoming a global maritime hub city.” He added, “Based on the outcomes of this forum, we plan to actively consult with the central government on establishing the Maritime Court in Busan and promoting the growth of the maritime finance and legal industries.”