Busan is good

Busan Metropolitan City Selects Busan–Ulsan–Gyeongnam Cooperation Projects and Holds the 8th Coordination Meeting of the Busan–Ulsan–Gyeongnam Policy Council

내용

Busan Metropolitan City (Acting Mayor Kim Kyung-duk) announced that it held the 8th Coordination Meeting of the Busan–Ulsan–Gyeongnam Policy Council at 2:30 p.m. yesterday (April 28) at Ulsan City Hall.

This meeting was the first coordination meeting held since the launch of the Busan–Ulsan–Gyeongnam Mega-Regional Economic Alliance Promotion Headquarters. About 20 participants, including directors general of planning and coordination offices from Busan, Ulsan, and Gyeongsangnam-do, as well as officials from relevant departments overseeing major projects, attended to conduct working-level consultations on building a mega-regional economic zone.

In particular, the meeting was organized to proactively respond to the government’s planned establishment of a “Special Account for Mega-Regional Cooperation” in 2027 and to select key projects that will serve as future growth drivers for the Busan–Ulsan–Gyeongnam region.

Among approximately 50 projects identified by the “Task Force for Discovering Cooperation Projects,” formed in March, the Promotion Headquarters narrowed them down to a final pool of “core growth engine” projects capable of maximizing the region’s competitiveness.

As a key strategy, the region aims to upgrade its growth engines by integrating artificial intelligence (AI) and eco-friendly technologies into its leading industries, thereby securing a leading position in the global market. In addition, efforts will be concentrated on creating a mega tourism economic zone by establishing a “Southeastern Tourism Belt” that links region-specific resources.

The selected core projects will be refined with detailed visions and implementation strategies and submitted to the Presidential Committee for Decentralization and Balanced Development by the end of April, followed by final submission to the Ministry of Economy and Finance by the end of May. Thereafter, the three regions will jointly operate a “National Funding Response Task Group” centered on the Promotion Headquarters to make all-out efforts to secure strong government support and national funding.

In addition, the meeting addressed key work plans for the second half of the year aimed at expanding the Busan–Ulsan–Gyeongnam economic zone and enhancing administrative efficiency.

Major agenda items included establishing an administrative and financial system for the five mega-regions and three special regions, formulating a mega-regional development plan, hosting policy forums, operating a joint national funding response task group, and developing a plan to foster growth engines for the five mega-regions and three special regions.

Lee O-sun, Head of the Busan–Ulsan–Gyeongnam Mega-Regional Economic Alliance Promotion Headquarters, stated, “Since the launch of the headquarters in March, the three regions have maintained a close cooperative system and worked to produce tangible results,” adding, “We will devote all our capabilities to ensure that the cooperation projects discussed at this meeting become a decisive turning point for the Busan–Ulsan–Gyeongnam region to advance beyond the nation’s second growth axis and emerge as one of the eight major Northeast Asian economic zones.”

*Beijing, Shanghai, Hong Kong, Tokyo, Osaka, Nagoya, Seoul, Busan–Ulsan–Gyeongnam