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According to Yonhap News,
(BUSAN=Yonhap News) Busan City announced January 21 that it will support the regional MICE-related companies to revitalize the regional economy, develop the regional MICE industry and create more jobs.
The city plans to focus on developing the exhibition and convention industry in 2016.
The budget for supporting exhibitions is KRW 500 million, which will be used for exhibitions organized by the private sector.
With KRW 50 million of project cost, the city will select 2-3 international conferences and support the cost for organizing such events.
The city will select the recipients next month so that they can begin preparing for the MICE events.
joseph@yna.co.kr
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Source: Yonhap News (Jan. 20, 2016)
** This article was translated from the Korean.