Busan Metropolitan City (Mayor Park Heong-joon) announced that it will hold the “2026 Busan Export Support Policy Joint Briefing” today (10) at 14:00 in Room 205 of the BEXCO Convention Hall.
The briefing is hosted by Busan Metropolitan City and organized by the Busan Economic Promotion Agency, with approximately 200 participants expected to attend, including officials from export support organizations and executives and employees of local export-oriented small and medium-sized enterprises.
The event has been prepared to help regional export companies effectively respond to the changing environment and enhance their export competitiveness by utilizing a wide range of export support policies amid growing uncertainty in the global trade environment due to recent developments in the Middle East and U.S. tariff policies.
A total of 11 export support-related institutions will come together to provide one-stop export support by introducing their respective 2026 export support policies and specialized programs and by listening to on-site difficulties experienced by companies and seeking solutions.
Participating institutions include Busan Metropolitan City, Busan Regional Office of SMEs and Startups, Busan Economic Promotion Agency, Busan Main Customs Office, Korea SMEs and Startups Agency Busan Headquarters, KOTRA Busan Support Center, Korea Trade Insurance Corporation Busan Branch, Korea International Trade Association Busan Regional Headquarters, Export-Import Bank of Korea Busan Branch, Korea Credit Guarantee Fund Busan–Gyeongnam Business Region Headquarters, and the Busan Chamber of Commerce and Industry FTA Trade Promotion Center.
In particular, Busan Metropolitan City plans to intensively promote urgent crisis-response measures currently underway together with the “2026 Busan Metropolitan City Trade Promotion Plan.” These include the provision of policy financing totaling 350 billion won, including a “Global Risk Response Special Fund,” expanded support for overseas logistics costs for exporters, and the operation of an emergency task force for price stabilization.
Meanwhile, the city also announced that it is operating a “Middle East Crisis Response Situation Room” in preparation for a prolonged international trade crisis related to the Middle East situation, with the aim of minimizing damage to companies exporting to the Middle East and establishing a rapid response system.
The situation room, headed by the Vice Mayor for Administrative Affairs, is carrying out measures such as emergency surveys of difficulties faced by companies exporting to the Middle East, strengthened monitoring of international conditions and logistics trends, and the development of cooperative initiatives with related institutions so that export companies can continue their export activities in a stable manner.
Kim Bong-cheol, Assistant Mayor of Digital Economy Office, stated, “Due to the recent rapid changes in the international landscape, the uncertainty felt by local companies is greater than ever. We organized this joint briefing so that companies can obtain the information they need in one place and make timely use of policy support during this crisis.”
He added, “Busan Metropolitan City will continue to work closely with related institutions and concentrate its administrative capabilities so that we can respond proactively to international trade crises.”
This content has been translated by AI. Please refer to the attached original Korean version for accuracy if needed.
Translated by AI
Link to Busan press releases in Korean