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Busan Metropolitan City to Host Busan–Qingdao Business Week in Qingdao, China

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Busan Metropolitan City (Mayor Chun Jae-soo) announced that it will host the 2026 Busan–Qingdao Business Week in Qingdao, China, for five days from today, October 26, through October 30. The event aims to expand opportunities for local companies to enter the Chinese market and strengthen economic cooperation between the two cities.

The event will combine an eco-friendly shipbuilding equipment trade mission, participation in the China Fisheries & Seafood Expo, and a networking event for fisheries companies. A total of 19 companies will participate, including 18 local small and medium-sized enterprises and one mid-sized enterprise.

Busan and Qingdao have maintained exchanges in economic and industrial sectors since establishing an economic cooperation partnership in 2012.

Both cities are major maritime and port cities in Northeast Asia, with industrial foundations in shipbuilding, fisheries, and other maritime industries, offering significant potential for industrial collaboration and cooperation.

In response to China's shipbuilding industry's shift toward eco-friendly, high-value-added vessels and the growth of the seafood market, Busan Metropolitan City plans to leverage the industrial strengths of both cities to promote economic cooperation and support local companies entering the Chinese market.

First, business matching meetings for the China (Qingdao) Eco-Friendly Shipbuilding Equipment Trade Mission will be held at the InterContinental Qingdao Hotel from today, October 26, through October 28.

Participating companies will hold one-on-one export consultations with local shipyards and marine equipment buyers. Key products to be discussed include high-value-added equipment for eco-friendly vessels, such as components for liquefied natural gas (LNG) dual-fuel propulsion vessels, cryogenic valves, and marine electrical and control systems.

In cooperation with the Qingdao Trade Office, the city will identify prospective local buyers and arrange business matches with participating companies in advance. The trade mission will also explore opportunities to enter China's shipbuilding supply chain through visits to local shipyards and exchanges with procurement representatives.

Eight local fisheries companies will participate in the 29th China Fisheries & Seafood Expo, to be held at the Hongdao International Convention and Exhibition Center in Qingdao from October 28 to 30.

Following the conclusion of negotiations on sanitary and quarantine requirements for seafood between Korea and China on January 5, which improved conditions for seafood exports to China, Busan Metropolitan City is providing support for participation in the expo for the first time this year. The agreement covers export quarantine requirements for wild-caught seafood products with no previous export history.

In addition, the Busan–Qingdao Fisheries Business Networking Event will be held in Qingdao on the afternoon of October 28 to promote cooperation between the fisheries industries of the two cities and help participating companies develop new sales channels.

Approximately 100 participants are expected to attend, including representatives from the eight local companies participating in the expo, Chinese fisheries-related organizations, associations and businesses, and officials from Qingdao's municipal administration.

The event will feature a presentation on the latest certification and licensing requirements and regulatory trends relevant to entering the Chinese market, followed by presentations from two local companies introducing their products and business operations.

Busan Metropolitan City plans to work with relevant organizations, including the Qingdao Marine Fisheries Association, the Qingdao branch of the China Council for the Promotion of International Trade (CCPIT), and the Qingdao Representative Office of the National Federation of Fisheries Cooperatives of Korea, to help local fisheries companies establish distribution networks in China and identify new business partners.

Kim Gi-hwan, Assistant Mayor of Economic Policy Office of Busan Metropolitan City, said, "Busan and Qingdao are economic cooperation partners with shared industrial foundations in maritime industries, ports, and fisheries. Through years of exchanges, the two cities have built mutual trust and a strong cooperative relationship."

He added, "We expect this Business Week to generate tangible export results for local companies and serve as an opportunity to take economic cooperation between the two cities to the next level."