Busan is good

Busan Metropolitan City and KAMCO Join Forces to Foster Local Talent and Create Green Spaces for Children

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Busan Metropolitan City, led by Mayor Chun Jae-soo, will sign a memorandum of understanding with Korea Asset Management Corporation (KAMCO) today, September 22, at 10:20 a.m. in the International Protocol Room at City Hall, in conjunction with a donation presentation ceremony for the Busan Local Talent Scholarship and the creation of Kiumi Forest at Geumgang Park.

Mayor Chun Jae-soo, Korea Asset Management Corporation President Jung Jung-hoon, and representatives of ChildFund Korea will attend the event and reaffirm their shared commitment to mutually beneficial cooperation for fostering local talent and supporting future generations.

Under the memorandum of understanding, Korea Asset Management Corporation will donate a total of KRW 780 million in scholarships to Busan Metropolitan City over 10 years, from 2026 to 2035.

The donations will be used to provide living expense scholarships and employment incentive grants for students in their third year or above and graduates in information technology (IT) and business-related fields at universities in Busan, helping local talent pursue their studies and employment.

With Korea Asset Management Corporation joining the initiative, a total of four public institutions relocated to Busan will now participate in funding the Busan Local Talent Scholarship, following Korea Housing & Urban Guarantee Corporation, Korea Securities Depository, and Korea Housing Finance Corporation.

In addition, Korea Asset Management Corporation will donate KRW 200 million to create a forest experience area for children at Geumgang Park.

ChildFund Korea will carry out the construction with the goal of completing the project in October this year, while Busan Metropolitan City will provide the site and assume responsibility for its future operation.

Kiumi Forest at Geumgang Park will feature themed gardens and forest experience areas where children can closely observe and experience nature. The space will enable children to learn, enjoy themselves, and develop ecological awareness in a natural environment, while also serving as an everyday place of relaxation for residents.

Mayor Chun Jae-soo is expected to say, “An environment where children can learn and grow in nature is an important foundation for Busan’s future. I would like to thank Korea Asset Management Corporation and ChildFund Korea for joining us in fostering local talent and expanding spaces where residents can relax. Busan Metropolitan City will continue working with the local community to provide strong support for local talent to build their futures in Busan and to improve the quality of life of our residents.”