Busan expands EV subsidy program with added support for families with newborns
Busan Metropolitan City is offering subsidies for individuals purchasing electric vehicles, with a groundbreaking addition this year—extra financial support for families with newborns. Busan is the first city in the nation to implement such a program, aiming to ease the financial burden for families considering an EV purchase.The EV subsidy program will be conducted twice in 2025. The first round will cover 5,122 vehicles across four categories: Passenger cars (3,770), trucks (1,200), buses (140) and children’s shuttle buses (12). Subsidy amounts vary by vehicle type, with passenger cars eligible for up to 8.1 million won, trucks up to 13.8 million won and children’s shuttle buses receiving up to 120 million won. The final subsidy amount is determined based on the vehicle’s recommended retail price.As part of the new “Loving Kids, Loving Busan” (“아이조아 부산조아”) initiative, the city will provide additional financial support for families with babies born after January 2024. Parents purchasing an EV can receive 1 million won for their first child and 1.5 million won for their second or subsequent children.To apply for the EV subsidy, contact the car dealership from which you purchased your vehicle and submit your application through them.<Today's Vocabulary - 오늘의 단어>subsidy: 보조금 groundbreaking: 획기적인 newborn: 신생아 implement: 시행하다 vary: 달라지다 subsequent: 그 다음의 Editor: Song SoomiCopy Editors: Ryu Hyoseung, Anton J. Mapoy
Busan Participants at CES 2025 Achieve Record-Breaking Export Contracts
Busan Participants at CES 2025 Achieve Record-Breaking Export Contracts□ Busan Metropolitan City has announced that companies from the Busan Pavilion at CES 2025 reached remarkable milestones: 366 export consultations, an estimated export consultation value of approximately $28 million dollars (₩41 billion won), and an expected contract value of $12 million dollars (₩17.6 billion won) as of January 9th, 2025.* The expected contract value reflects projections for contracts finalized within one year.○ Key accomplishments include: ▲LAB021: A 3-year supply contract worth $120,000 with Swiss multinational ABB to equip an additional eight vessels and a partnership agreement with Deckhouse Communications, headquartered in New Jersey, the United States, valued at $65,000 aimed at overseas expansion over three years, ▲Bloomsbury Lab: A $30,000 supply contract with a major US retailer, and ▲SCHAFFENGOTT: A partnership with GoVets, the largest veteran-owned online store in the United States, to enter the American market.□ Enterprises representing Busan engaged in investor relations activities, one-on-one meetings, and networking sessions with foreign buyers, demonstrating their technological expertise and facilitating the establishment of valuable international relationships.○ The outlook for Busan’s businesses remains optimistic, with many more outcomes anticipated to unfold in the aftermath of CES 2025.□ The success of the Busan Pavilion was underpinned by the concerted efforts of the Mayor-led TEAM BUSAN, which provided strategic marketing support and acted as a vital bridge between global and local companies.□ Mayor Park Heong-joon commented, "Busan-based corporations with state-of-the-art technology made a powerful impression at CES 2025. We pledge to continue helping them maintain their competitive edge on the global stage.”□ Among the 23 companies in the Busan Pavilion, six were honored with prestigious 2025 CES Innovation Awards across seven
2025-1 BGCF Korean Class Registration Now Open
2025-1 BGCF Korean Class Registration Now OpenThe Busan Global City Foundation (BGCF) offers free Korean classes to support foreigners living in Busan. We hope that foreigners interested in the Korean language and culture will join us.Korean class registration period: February 1-14, 2025Online registration is available at http://koreanclass.bfic.kr/new/page2.htmlRegular Beginner/Conversation Class: March 4-June 16, 2025Venue:Busan Global City Foundation (13F National Pension Service Bldg. 1000 Jungang-daero, Yeonje-gu, Busan)Busan Youth Living Lab Think Do (17, Jungang-daero, Jung-gu, Busan)○ Enquiries: Busan Global Center 1577-7716○ For more detailed information about 2025 BGCF Korean Class, visithttp://koreanclass.bfic.kr/new/page2.html (Korean, English)
Nakdong River Estuary National Urban Park
Millac Luce Festa
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