Busan aims to become an innovative startup city global talent and investors flock to. We are also pursuing qualitative growth by expanding startup infrastructure, programs and funds. As an open city and home to global talent, Busan welcomes startups and future entrepreneurs.
Broader Busan is home to 90% of South Korea’s shipbuilding companies, including Hyundai Heavy Industries, Samsung Heavy Industries, and STX. STEM Village, a proposed marine science and technology industry innovation center, will house an incubation center, marine equipment, a sensor inspection and calibration center, a STEM fusion research center and marine tech startups. Just over half of the country’s marine companies are based in Busan.
Why you should invest in Busan
Reasons to move your startup to Busan
South Korea introduced a $9.8 billion stimulus package in order to cushion the impact of COVID-19, including subsidies to help affected SMEs pay employees. Busan City is providing a total of $150 million in public welfare subsidies to small business owners suffering from the COVID-19 crisis in the region. Also, the Busan Credit Guarantee Foundation allocated special funds to support small business owners.
Busan Center for Creative Economy and Innovation
Busan Metropolitan City
Busan, a bustling city of approximately 3.5 million residents, is located on the southeastern tip of the Korean peninsula. The size of Busan is 770.07km² which is only 0.8% of the whole landmass of the Korean Peninsula.
The natural environment of Busan is a harmonious relationship of mountains, rivers, and sea.
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