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Answers Are Found on the Ground: Busan Metropolitan City Seeks “Shared Growth” with Local Companies at Industrial Complexes in Western Busan’s Gangseo Area

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Busan Metropolitan City (Mayor Park Heong-joon) announced that it will hold the “3rd Corporate Innovation and Growth Relay Meeting” today (the 15th) at 2:00 p.m. at the Busan Techno Park conference room located within the Busan Science Industrial Complex in Gangseo-gu, together with tenant companies from the Busan Science, Gangseo Logistics, Pungsang, and Jisa 2 industrial complexes. 

This meeting will be attended by 29 participants, including Mayor Park Heong-joon, key officials from the City, and representatives of tenant companies from major industrial complexes in the Gangseo area, such as Baek Gi-seok, CEO of Mojun Electric Co., Ltd., located in the Gangseo Logistics Industrial Complex. Participants will broadly discuss challenges faced by local companies and strategies for innovation.

This meeting is the third in the series, following ▲the 1st meeting at the Jangan Industrial Complex in October and ▲the 2nd meeting at the Myeongrye and Jeonggwan industrial complexes in November. Through this initiative, the City is further strengthening its “tailored policy support system” based on on-site demand at industrial complexes by region.

In particular, by expanding communication beyond the eastern Busan area to include western Busan, the City is accelerating efforts to establish differentiated growth strategies that align with the specific characteristics of each industrial complex.

At today’s third meeting, discussions will focus on measures to strengthen the competitiveness of industrial complexes in the western Busan Gangseo area, including improvements to the working environment and the establishment of future industry foundations. Key agenda items include ▲the development of a digital joint logistics platform, ▲the creation of a support center for the industrialization of future vehicle technologies, and ▲improving transportation accessibility during commuting hours.

The City has been swiftly advancing proposals raised at previous meetings under the principle of “immediate review–immediate implementation.”

Regarding information security vulnerabilities faced by small and medium-sized manufacturing firms raised during the first meeting, the City immediately established the “Regional Enterprise Cybersecurity Support Plan” and is currently operating a joint response consultative body involving nine organizations, including the National Intelligence Service, the Korea Internet & Security Agency (KISA), the Busan Metropolitan Police Agency, and the Busan Chamber of Commerce and Industry.

In addition, the demand for sports facilities proposed at the second meeting has been addressed through expedited administrative procedures. The City plans to begin construction in 2026 on the “Jeonggwan Industrial Complex Youth Cultural Center,” which will include modular sports facilities.

The City continues to carry out follow-up measures without disruption, based on the principle of “reflecting what companies want as much as possible.”

Furthermore, amid complex external conditions such as high exchange rates, high interest rates, and supply chain restructuring, the City has invested a record-high total of KRW 2.033 trillion in policy financing, including the establishment of “High Exchange Rate Damage Relief Funds for Small and Medium-sized Enterprises,” to ease the burden on local businesses.

The City is also strengthening safety nets for local companies in an uncertain trade environment by expanding support for overseas logistics costs and promoting assistance for entry into new global markets.

Mayor Park Heong-joon stated, “The industrial complexes in western Busan’s Gangseo area are a core hub that can be described as the heart of Busan’s manufacturing industry. By combining traditional manufacturing capabilities with digital and eco-friendly technologies, we will provide unwavering support so that western Busan becomes one pillar of Busan’s ultra-innovative growth.” He added, “Going forward, Busan Metropolitan City will continue to be a reliable partner for businesses through ‘on-site administration’ that works with companies to solve problems at the closest possible locations.”