BUSAN < invest Korea

Busan, the Second Largest City in Korea and a gateway to the world, has a population of 3.46 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.

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.

As of January 2025, the number of foreign-invested enterprises investing in Busan totals 710. Specifically, investment in service sector amounts to 71% (of which the wholesale and retail distribution makes up 57.3%) while investment in manufacturing industry stands at 22.3%, and others at 6.7%. In 2023, the city attracted the largest-ever amount of investments worth KRW 4 trillion, laying the foundation for the advancement of local industries by attracting future high-tech sectors such as large corporation R&D centers, secondary batteries, and IT convergence.