Busan, the second-largest city in South Korea, is home to 3.6 million citizens and the world’s fifth largest container port.
It is a world-class marine city with excellent human resources that can now boast the infrastructure to match, and has been experiencing remarkable growth as a strategic business hub with good links to other hub cities across Northeast Asia.
Busan, now an established name in the film & image industry in Asia, has witnessed the growth of the BIFF (Busan International Film Festival) into one of the top 5 film festivals in the world. The Busan Cinema Center which opened on September 29, 2011 has already become a favorite city landmark and firmly placed Busan in the spotlight as a film and image city of global standing.
In addition, Busan is staking its claim to the title of Best Convention City in Asia, having rapidly risen up the rankings to become one of the top 4 cities in Asia hosting international conferences: its success is rooted in its proven reputation, having hosted such global conferences as the 2005 APEC Summit, the 2010 G20 Finance Ministers’ Meeting, and the 4th High Level Forum on Aid Effectiveness in 2011.
Busan is a future-oriented city where the effects of strength in its traditional core industries such as shipbuilding, automobiles, and machinery parts, combined with its growing presence in such high value added industries as the port transportation & distribution industry, the film & image industry, the tourism & convention industry, and the financial sector are projecting its reach and far beyond Northeast Asia and firmly onto the world stage.
Busan in Figures
|Population||3.6 million people (7% of the population of South Korea)|
|Area||768.13 km2(0.8% of the area of South Korea), Administration : 15 districts, 1 county, 214 local neighborhoods|
|GRDP||5.2% of the GDP of South Korea|
|Exports||USD 12.4 billion, Imports: USD 12.5 billion|
|Major Industries||port transportation & distribution, machinery, shipbuilding, automobiles, film & image, tourism & convention, and finance|