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Busan Metropolitan City Appoints New Heads of Three Public Institutions, Including Busan Technopark, to Accelerate Industrial Innovation and Economic Recovery

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Busan Metropolitan City (Mayor Chun Jae-soo) announced that it will appoint new heads of key public institutions supporting regional industries and the local economy, including Busan Technopark, the Busan Credit Guarantee Foundation, and the Busan Economic Promotion Agency.

The appointment ceremony will take place today (October 19) at 4:40 p.m. in the Protocol Room at Busan City Hall. The new heads will each serve a two-year term.

These appointments are particularly significant as they follow the first confirmation hearings conducted by the Busan Metropolitan Council since the launch of the ninth popularly elected municipal administration. The hearings assessed each candidate's qualifications, paving the way for the appointment of professionals with the expertise and practical experience needed to drive structural improvements in regional industries and revitalize the local economy.

Through these appointments, Busan Metropolitan City expects to advance two key priorities simultaneously: transforming Busan's industrial structure and revitalizing the local economy. Drawing on the expertise of the newly appointed institutional leaders, the city plans to strengthen the implementation of major municipal policies, including enhancing the competitiveness of future industries, stabilizing business operations for small business owners, and creating jobs.

At Busan Technopark, a central institution driving regional industrial innovation, newly appointed President Sim Jae-woon is regarded as well suited to lead effective support initiatives tailored to business needs, having accumulated 32 years of hands-on experience at the Busan Chamber of Commerce and Industry.

At the Busan Credit Guarantee Foundation, a frontline institution supporting regional economic recovery, newly appointed Chairman Kim Hyun-jun, a financial industry veteran with 30 years of experience, is expected to improve access to financing for small business owners and further strengthen the regional financial safety net.

At the Busan Economic Promotion Agency, a key institution responsible for job creation and business growth, newly appointed President Hwang Sun-woong is expected to play a leading role in expanding the foundations for regional economic growth, drawing on his expertise developed at a government-funded research institute and in academia.

The three newly appointed institutional leaders previously underwent confirmation hearings held by the Busan Metropolitan Council on September 29 and 30. During the hearings, their management and policy implementation capabilities, ethical integrity, and other qualifications were assessed. All three were deemed qualified to perform their respective duties.

Busan Metropolitan City plans to translate the expertise demonstrated by each appointee during the hearings into effective institutional management and policy implementation, thereby strengthening accountability in public institution operations and delivering tangible results that citizens can experience.

Mayor Chun Jae-soo stated, "The heads of public institutions hold important positions that require them to use their expertise to bring about meaningful changes in citizens' lives and the regional economy. I hope the newly appointed leaders will draw on their respective practical experience to play a pivotal role in strengthening Busan's future competitiveness as a global maritime capital."

He added, "I urge the new leaders to work closely together to enhance policy effectiveness and exercise responsible institutional management to deliver visible results that citizens can experience."