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Why Busan
(Your Business Partner in Busan)

Introduction to Busan

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Busan, the second largest city in Korea

Busan, the second largest city in Korea and a gateway to the world, has a population of 3.6 million. With its warm climate and beautiful environment, Busan is cultivated by its citizens with passion and affection. Since the Korean War, Busan has repeatedly made remarkable development and has grown into a mecca of maritime logistics with world-class super ports, as well as becoming a gateway city to the Eurasian continent connected with the world. In addition, Busan stands shoulder to shoulder with many famous cities all over the world through the successful hosting of various international events. Also, it is a tourism city that people from all over the world continuously visit. In particular, Busan is constructing industrial systems that will lead the future—such as movies, visual contents, and finance—thus leaping toward becoming a city of affluence and a green city that always thinks of the environment.

  • 5th

    World's container ports
    (Ministry of Oceans and Fisheries, as of 2013)

  • Busan International
    Film Festival,
    Asia’s No. 1 international festival

    1st
  • Innovation City
    in the Asia∙Pacific region
    (Solidiance, as of 2013)

    9th
  • International conference
    city in Asia
    (Union of International
    Associations, as of 2013)

    4th

Overview

Korea
BUSAN
Gangseo-gu, Sasang-gu , Seo-gu, Jung-gu, Saga-gu , Buk-gu ,
Jin-gu , Dong-gu, Geumjeong-gu, Dongnae-gu, Yeonje-gu, Nam-gu,
Yeongdo-gu, Yeongdo-gu, Haeundae-gu, Suyeong-gu
  • Population

    3,560,000
  • 2,76million

    Number of Annual
    Foreign Visitors

  • Administrative
    Districts

    16 wards and counties 208 rownships, and Neighborhoods 4,535 household groups
and village
  • Gross Regional 
    Domestic
    Product(GRDP)

    KRW69,987billion
  • Area

    769,82㎢

* As of 2015

Industrial structure

From maritime industry, logistics, and cutting-edge visual contents industry toward the International Finance Center, Busan is the optimal and ideal city where the culture, industry, tourism, and IT industries are specialized in each district while coexisting with all other industries. Busan’s industrial structure is in the order of manufacturing, construction, followed by farming and fisheries, with the service industry at its center.

Service Industry 72.1%
Manufacturing 20%
Construction 5.3%
Farming and Fisheries 6.9%

* GDRP, as of 2014

Foreign-invested companies

The number of foreign-invested companies in Busan totals to 746 and the major foreign-invested companies in the service sector include Merlin (entertainment), Sega Sammy and Toyoko Inn (hotel), Accenture (IT), and Intergraph (engineering).

* Notified amount in 2012

  • Foreign Investment Sector

    • Service

      20%
    • Etc

      16%
    • Manufacturing

      41%
    • Logistics

      23%
  • Major foreign-invested companies in the service sector

    • Entertainment(Merlin)
    • Hotel(Sega Sammy and Toyoko Inn )
    • IT(Accenture)
    • Engineering(Intergraph)

Major investors

LONDON
METAL EXCHANGERolls-Royce삼성 르노삼성자동차MAN Diesel & TurboWARTSILAAker SolutionsWiloKONGSBERGFraunhoferRexroth Bosch Group