Busan is good

Local Business Leaders Donate KRW 2 Billion to Busan Classic Culture Foundation

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Busan Metropolitan City (Mayor Park Heong-joon) announced today (30) that it will hold a large-scale donation ceremony at 2:40 p.m. at the Reception Room of Busan City Hall to advance classical culture and expand opportunities for citizens to enjoy culture.

At the ceremony, Chairman Shin Jeong-taek of Sewoon Steel and Chairman Ko Jin-ho of Futronic will each donate KRW 1 billion—totaling KRW 2 billion—to the Busan Classic Culture Foundation (hereinafter, the “Foundation”), a corporate foundation established to promote classical culture in Busan.

The Foundation was established on Sept. 15, 2025, by business leaders in Busan to broaden the base of classical music and expand cultural opportunities for citizens, in conjunction with the opening of the Busan Concert Hall.

Its major initiatives include financial support programs to vitalize classical performances, support for improving the environment of public cultural facilities and performance venues, and sponsorship programs to promote local culture and arts.

The donation fund being created through the Foundation will be utilized in connection with the classical culture policy that Busan Metropolitan City is proactively advancing.

Going forward, the Foundation plans to raise additional donations and roll out a range of support programs step by step to develop Busan’s classical culture. In particular, donations will be prioritized for performance support programs centered on the Busan Concert Hall and the Busan Opera House, the production of large-scale content, and the development of internationally competitive classical programs.

Using this donation—combining private support with public policy—as a turning point, Busan Metropolitan City plans to fully pursue a qualitative leap in classical content and strengthen international competitiveness, focusing on the Busan Concert Hall and the Busan Opera House.

This donation goes beyond simple sponsorship and represents a meaningful partnership in designing the future of Busan’s classical culture together,” said Mayor Park Heong-joon. “Building on this voluntary giving and support from the private sector, we will provide citizens with world-class performance content with the Busan Concert Hall and the Busan Opera House as key hubs, and we will do our utmost to make Busan a world-class city of classical culture.”