Busan is good

Busan Metropolitan City Secures KRW 12.7 Billion in Dividends from Busan Metropolitan Corporation: A Collaborative Achievement for Citizen Well-being

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Busan Metropolitan City (Mayor Park Heong-joon) announced that it has secured KRW 12.7 billion in dividends through close cooperation with Busan Metropolitan Corporation (CEO Shin Chang-ho, hereinafter referred to as “the Corporation”) aimed at enhancing citizen well-being.

Despite challenging external conditions, the Corporation has consistently recorded profits since its establishment by successfully implementing projects such as public housing in Eco Delta City, the Happiness Housing project in front of City Hall, and integrated public rental housing in the Ilgwang District. According to the 2025 fiscal year settlement results, the Corporation recorded KRW 656 billion in sales and KRW 42.4 billion in net profit.

Through this dividend, the City has secured additional financial resources to stabilize livelihoods and restore vitality to the local economy, while the Corporation has fulfilled its responsibility as a public institution contributing to regional development.

The final dividend amount was confirmed at the Corporation’s board meeting on March 18. As a wholly owned (100%) municipal corporation, it has returned profits to citizens by paying dividends to the City totaling KRW 228.5 billion, including the 2025 payment, since becoming the first metropolitan corporation nationwide to issue dividends in 2016.

The City established a “Dividend Consultation Council” in February and, together with two external experts (certified public accountants), conducted a detailed analysis of the Corporation’s financial status and mid- to long-term investment scale. Based on this, an appropriate dividend amount was determined by applying a dividend payout ratio of 30%, and the Corporation actively reflected the City’s opinions for policy projects and citizen welfare.

Meanwhile, 40% of the dividend will be allocated to the National Housing Fund Special Account to support housing stability for low-income households and improve housing welfare through the construction and supply of national housing, while the remainder will be incorporated into the City’s general account.

Kim Kyung-duk, Director General for Finance of Busan Metropolitan City, stated, “The secured funds will be reflected in this year’s second supplementary budget and invested in various public projects, thereby contributing to local economic revitalization and improving citizens’ quality of life.” He added, “The City and Busan Metropolitan Corporation will continue to maintain a cooperative partnership as reliable partners leading residential stability and regional development.”