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Innovation Becomes Reality! Busan Metropolitan City Holds a Strategic Briefing on Innovation Strategies to Lead Economic Growth

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Busan Metropolitan City (Mayor Park Heong-joon) announced that it would host the “Busan Economic Growth Innovation Strategy Briefing” at 2 p.m. today (Nov. 10) in Small Conference Room 2 on the 12th floor of City Hall, reflecting Busan’s unique characteristics in connection with the central government’s economic growth strategies.

Presided over by Mayor Park Heong-joon, the briefing was organized to ensure consistency with national economic policies while identifying and reviewing projects that can maximize Busan’s industrial strengths and future potential.

Approximately 30 participants, including business leaders, experts, and heads of relevant organizations, attended the meeting to review the draft of the “Busan Economic Growth Core Projects” and share opinions.

The “Busan Economic Growth Innovation Strategy and Core Projects (Draft)” discussed during the briefing were the outcomes of four working group meetings and a plenary session convened by the “Busan Growth Strategy Public-Private Task Force (TF),” launched in September under the leadership of the Vice Mayor for Administrative Affairs.

The briefing reviewed four major strategies, ten initiatives, and seventy-one key projects aimed at propelling Busan into the ranks of the world’s top five maritime cities by fostering future new growth industries and maximizing the city’s industrial potential and growth capacity.

The seventy-one key projects consist of fifty-three newly discovered projects, fifteen ongoing projects to be upgraded, and three expanded projects, with priority given to alignment with major national initiatives.

The four strategic pillars that Busan will prioritize are as follows:

• 1.Mega-Convergence of Marine and Future Technologies

• 2.Advancement of AI-Based Technological Innovation

• 3.Leadership in Materials, Parts, Equipment, and Energy Industries

• 4.Revitalization (Boom-Up) of the Lifestyle Industry

First, under the “Marine–Future Technology Mega-Convergence” strategy, Busan plans to implement twenty-one projects worth KRW 1.927 trillion, including the establishment of a Marine and Port AI Transformation (AX) Demonstration Center. These efforts will enhance global competitiveness in marine ports, secure next-generation smart shipbuilding technologies, and rapidly develop an AI hub specializing in marine industries.

For “Advancement of AI-Based Technological Innovation,” sixteen projects worth KRW 782.4 billion—including the establishment of a leading model for a Korean-style Green Data Center—will be promptly promoted. These will support the creation of AI transformation (AX) hubs, development and distribution of technological models, and the formation of a comprehensive AI-driven innovation ecosystem.

Under the “Leadership in Materials, Parts, Equipment, and Energy Industries” strategy, Busan will pursue eighteen projects totaling KRW 1.7396 trillion, including the construction of manufacturing infrastructure for compound semiconductors used in extreme and polar environments. The city aims to establish an advanced materials, parts, and equipment cluster, lead the supply chain, and enhance competitiveness in new energy industries.

Lastly, through the “Revitalization of the Lifestyle Industry,” sixteen projects worth KRW 439.2 billion will be promoted, such as the K-Regional Tourism Leading Zone Project. These will focus on building a Busan-centered mega-regional tourism hub, developing K-content infrastructure, and advancing age-friendly technologies (AgeTech).

Through this briefing, Busan plans to refine the proposed core projects and strengthen public-private cooperation networks with anchor companies to respond proactively to national policy directions.

In particular, the city will enhance execution capability by securing national funding and attracting large-scale government-sponsored projects. Busan will also seek comprehensive package support from the government—including financial, tax, manpower, regulatory, and site-related measures—to preemptively identify and foster key industries with explosive growth potential.

Furthermore, Busan will work closely with the private sector, including anchor companies, to jointly engage in national project implementation and budget inclusion, while striving to attract major national infrastructure projects and advance its roadmap for sustainable growth.

Mayor Park Heong-joon stated, “This briefing marks an important turning point in reinforcing policy alignment with the central government while defining Busan’s own innovative growth model. Ultra-innovative Busan, equipped with cutting-edge technologies and new growth capabilities, will no longer be a follower but the most powerful leader of Korea’s economic growth.”