Busan is good

Busan Metropolitan City Seeks Answers on the Ground... Hosts 100-Day Livelihood Partnership Roundtable with Eastern Busan Industrial Complexes

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Busan Metropolitan City announced that Mayor Chun Jae-soo will hold the “100-Day Livelihood Partnership Roundtable” with companies from industrial complexes in eastern Busan today, September 29, at 2:30 p.m. in the second-floor video room of the Busan Vocational Competency Development Institute of the Korea Employment Agency for Persons with Disabilities in Gijang-gun.

Participants will include Mayor Chun Jae-soo; Noh Eung-beom, Chair of the Jeonggwan Industrial Complex Tenant Companies Council; Choi Soon-hwan, Chair of the Myeongnye General Industrial Complex Management Corporation; and approximately 20 representatives of companies located in industrial complexes in eastern Busan.

The roundtable was organized to hear directly about the difficulties businesses experience at industrial sites and to jointly explore ways to strengthen the competitiveness of industrial complexes in eastern Busan and support the sustainable growth of companies.

At the roundtable, participants will exchange views from the field on measures to support companies’ production activities and reduce commuting inconvenience for workers, including the supply of city gas to Ori Industrial Complex, expansion of commuter bus services for industrial complexes, improvements to parking and transportation conditions at the Jeonggwan and Jangan industrial complexes, and the supply of industrial water to industrial complexes in eastern Busan.

Before the roundtable, at 1:40 p.m., Mayor Chun will visit BMT Co., Ltd. in Jangan-eup, Gijang-gun, tour its production site, meet with employees, and hear about difficulties and requests from the company.

Headquartered in Busan, BMT Co., Ltd. was established in 1988 and specializes in key equipment and components for the semiconductor, shipbuilding, and eco-friendly energy industries. After relocating to Yangsan in 2009, the company expanded and moved its headquarters back to Busan in 2023, making it a notable example of a company returning to Busan.

During the process of revising the industrial complex plan, Busan Metropolitan City consulted with relevant agencies to address concerns over environmental impacts and ease siting regulations. These changes enabled BMT Co., Ltd. to expand its second plant and install a painting process, allowing the company to continue expanding its investment in Busan.

The company has also been recognized for its technological competitiveness, growth potential, and industrial ripple effects, and was selected as a “Busan Anchor Company” in August this year, further establishing itself as one of Busan’s leading businesses.

A Busan Anchor Company is a core manufacturing company identified and fostered as a representative business of Busan based on factors such as strong technological competitiveness, growth potential, and significant industrial ripple effects within the local industrial ecosystem.

Busan Metropolitan City continues to engage with businesses at industrial sites to revitalize industrial complexes, which are at the heart of Busan’s economy, and to strengthen policies that reflect conditions on the ground. The city is also actively incorporating a wide range of feedback raised at industrial sites into its policies.

Based on requests raised at industrial complexes to date, the city has continued to pursue policies aimed at improving the business and working environment, including improving residential conditions near industrial complexes to make commuting more convenient, increasing the interest subsidy rate for policy funds and maintaining related support, and establishing the Dongbusan Smart Valley Integrated Control Center.

In addition, Busan Metropolitan City is accelerating institutional and environmental improvements designed to fundamentally strengthen the competitiveness of industrial complexes based on feedback from businesses.

For the first time in the nation, the city is pursuing a structural reform that will comprehensively redesign the industrial-complex eligible-industry framework for the first time in 46 years. Reflecting the views of tenant companies, the restructuring will expand the range of industries permitted to enter industrial complexes by the end of next year under strategies tailored by phase, industry, and region. Going forward, the city also plans to review the functions of industrial complexes and their eligible industries every five years to proactively respond to changing industrial conditions and improve the investment environment for businesses.

Busan Metropolitan City is also moving forward with the construction of a Youth Cultural Center at Jeonggwan General Industrial Complex, featuring a multipurpose cultural space, indoor sports facilities, a coworking office, and a support center. Through the project, the city plans to transform an aging, factory-centered industrial complex into a place where industry and culture coexist and young talent is drawn to work and gather.

Mayor Chun Jae-soo said, “Creating an environment in which businesses can invest and grow is the same as building Busan’s future. We will actively improve regulations that hold businesses back and inconveniences encountered in the field, and we will work together with businesses to forge a path so that their challenges and investments in Busan can lead to even greater growth.”