Table of Contents
- Strengthening the Status of Local Enterprises, Root Companies Representing Busan
- What are the 5 Newly Certified Local Enterprises in 2025?
- Status of 16 Recertified Local Enterprises
- What Benefits are Given to Local Enterprises?
- Conclusion: Companies that Grew Together, Busan that Will Grow Together
- Frequently Asked Questions (FAQ)
Strengthening the Status of Local Enterprises, Root Companies Representing Busan
Busan City certifies companies that have grown as the center of the local industry as 'local enterprises' and strengthens their status through various support policies.
On July 29, at the ‘2025 Busan Local Enterprise Certification Ceremony and Corporate Meeting' held at the Asti Hotel, a total of 21 companies received certification. Among them, 5 companies were newly certified and 16 were recertified.
The local enterprise system selects and certifies companies that have their headquarters in Busan, have been in business for more than 30 years, employ more than 100 people, and have an average annual sales of over 20 billion won, which have significantly contributed to the local economy. Busan City has been operating this system since 2006, and a total of 68 companies have been actively managed as local enterprises.
This certification system contributes to the revitalization of the local economy and enhances corporate competitiveness.
What are the 5 Newly Certified Local Enterprises in 2025?
The 5 newly designated local enterprises have received excellent evaluations in various fields such as technology, employment creation, and contribution to the local economy as representative companies of the region. These companies positively impact the local community.
Halla IMS Co., Ltd. is a specialist company in ship component manufacturing located in Gangseo-gu.
They have gained recognition in the industry through 36 years of contributing to the shipbuilding industry, building trust and stability, and continuous technological innovation.
Eunsan Shipping and Aviation Co., Ltd. is located in Jung-gu and provides logistics services that combine aviation and shipping. It is a global logistics company that has continued its growth, recording over 340 billion won in average annual sales for the past three years.
Nara Autosys Co., Ltd. is an automotive machinery and equipment manufacturer located in Gangseo-gu. The company is known as a strong small-sized enterprise with both employment stability and quality competitiveness.
Samyoung MT is an automotive parts manufacturer located in Gangseo-gu, employing more than 280 people. This company significantly impacts job creation in the region, receiving positive evaluations.
Hyosung Electric Co., Ltd. is a manufacturer of electrical equipment located in Gijang-gun. Primarily producing electric motors and transformers, it has established itself as a leading company in Busan with a long history of 48 years.
| Category | Company Name | Location | Business Type |
| New 5 Companies | Halla IMS Co., Ltd. | Gangseo-gu | Ship Parts |
| Eunsan Shipping and Aviation Co., Ltd. | Jung-gu | Transportation, Container | |
| Nara Autosys Co., Ltd. | Gangseo-gu | Machinery | |
| Samyoung MT | Gangseo-gu | Automotive Parts | |
| Hyosung Electric Co., Ltd. | Gijang-gun | Electric Motors, Generators, Transformers |
Status of 16 Recertified Local Enterprises
The companies that have been recertified include Hyrock Korea Co., Ltd., Korea Cast Iron Pipe Industry Co., Ltd., Jo Kwang Paint, Donghwa Entech Co., Ltd., Busan Bank, Parkland Co., Ltd., and Seongwoo Hightech Co., Ltd.
These companies operate in various industrial sectors, contributing to the community through continuous investment and innovation. They continue to uphold the values associated with local enterprises.
| Category | Company Name | Location | Business Type |
| Recertified 16 Companies | Hyrock Korea Co., Ltd. | Gangseo-gu | Valves, Fittings |
| Korea Cast Iron Pipe Industry Co., Ltd. | Saha-gu | Cast Iron Pipes | |
| Jo Kwang Paint | Sasang-gu | Coating Products | |
| Donghwa Entech Co., Ltd. | Gangseo-gu | Marine Equipment, Coolers, Heaters | |
| S&W Co., Ltd. | Saha-gu | Marine Equipment, Bolts, Nuts, etc. | |
| Samwon FA Co., Ltd. | Haeundae-gu | Electric and Electronic Equipment, Automatic Control Systems, etc. | |
| MS Gas Co., Ltd. | Sasang-gu | Industrial Gases | |
| Hantap Co., Ltd. | Nam-gu | Food Manufacturing | |
| DaeChang Solution Co., Ltd. | Gangseo-gu | Ship Parts | |
| Busan Bank | Nam-gu | Finance | |
| SNT Motiv | Gijang-gun | Precision Military Instruments, Vehicle Parts | |
| Sejeong Co., Ltd. | Geumjeong-gu | Clothing | |
| Parkland Co., Ltd. | Geumjeong-gu | Clothing | |
| Seongwoo Hightech Co., Ltd. | Gijang-gun | Manufacturing of Automobiles and Trailers | |
| Korea Shell Oil Co., Ltd. | Nam-gu | Lubricants, Grease | |
| Taekwang Co., Ltd. | Gangseo-gu | Bends, Steel Pipe Couplings |
What Benefits are Given to Local Enterprises?
Upon receiving certification as a local enterprise, various benefits are provided based on the "Busan Metropolitan City Local Enterprise Promotion and Support Ordinance."
First, support in the financial sector stands out. The limits on the subsidized loans for small and medium enterprises are increased, and the reimbursement rate for policy funds is raised.
Additionally, various supports are in place to aid market expansion. Priority benefits are given when participating in trade delegations and overseas exhibitions.
There are also many benefits related to transportation. The toll for Gwangandaegyo Bridge and public parking lots operated by the city and district are exempted.
In terms of infrastructure utilization, priority is given when using public facilities provided by the city. Finally, all employees of local enterprises will have the opportunity to receive discounts at various facilities such as cultural centers, cinemas, and sports facilities.
Notably, this certification ceremony has garnered attention as new policies tailored not only to companies but also to employees have been strengthened.
New Preference Policy for Local Enterprises: Employees Also Enjoy Benefits
Starting in 2025, 17 new policies will be implemented to promote corporate welfare and strengthen brand competitiveness.
The core aspects of these policies are as follows. First, benefits related to culture and sports are enhanced. Discounts for performances, support for sports facility rentals, and discounts for watching movies and exhibitions will be provided.
Second, a dedicated consultation zone for local enterprises will be established to enhance the brand image, and exclusive booths will be provided when participating in export counseling sessions.
Third, online promotion will be strengthened to widely publicize the companies through a platform for overseas marketing.
Fourth, regulatory relaxations will take place. The certification criteria for local enterprises will be relaxed, the validity period of the certification will be extended, and measures to postpone tax audits will be included.
Lastly, employee welfare will be expanded so that all employees can benefit from discounts on the cultural and tourism platform 'Holic Jam.'
Through these policies, an integrated support system for enhancing not only company performance but also the growth and welfare of all members will be established.
| No. | Category | Tasks to be Promoted | Detailed Tasks | In Charge Department | |
| 1 | Financial Support | Expansion | Increase subsidy rate of policy funds for small and medium enterprises | · Development Funds: 1.5 → 1.8% · Operating Funds: 1.0~1.5% → 1.5~2.0% | Economic Policy Division |
| 2 | Creating Pleasant Workplaces | Newly Established | Priority use of cultural center and community center | · Discounts for planned performances at cultural centers and community centers (10-50%, varies by performance) · Group viewing discounts etc. | Cultural Arts Division, Cultural Center, Community Center |
| 3 | Newly Established | Support for renting city-operated gyms | · Budget support of up to 300,000 won per year for each company upon proof of team-building events | Economic Policy Division, Sports Policy Division | |
| 4 | Newly Established | Discounts for corporate groups at Dongbaek Market and Dongbaek Mall | · Constant discounts of 10-20% for corporate groups (varies by item) | Economic Policy Division | |
| 5 | Newly Established | Exemption on fees for paid exhibitions at city-operated art galleries | · Exemptions on fees for paid exhibitions (varies by exhibition) | Cultural Arts Division | |
| 6 | Newly Established | Priority use of the Busan Cinema Center | · Movie ticket price of 7,000 won · Performance discounts of 10-30%, membership benefits. | Busan Cinema Center | |
| 7 | Newly Established | Benefits for using the Busan Cultural Tourism App ‘Holic Jam’ | · Exemption from ‘Holic Jam’ membership fee for a year - 10% off surfing, 10-20% off local brands, 10-50% off tourism attractions | Economic Policy Division | |
| 8 | Newly Established | Priority reflection in the design of commuting bus routes to industrial complexes | · Priority reflection in routes (new establishment, changes) based on local enterprise locations | Economic Policy Division | |
| 9 | Enhancement of Brand Value | Expansion | Collaboration with media and spokesperson offices, promoting local enterprises' excellence | · Promotional videos and interviews of local enterprises · Special and planned features (using video, press releases, social media, etc.) | Economic Policy Division, Spokesperson Office |
| 10 | Newly Established | Support for enhancing local enterprise brand image and expanding domestic and international market channels | · Organizing and dispatching local enterprise trade delegations | Economic Policy Division | |
| 11 | Newly Established | · Operating special consultation zones for local enterprises during export and job counseling events | Economic Policy Division, Employment and Labor Division | ||
| 12 | Newly Established | Operating online promotional halls for Busan city’s overseas marketing | · Promoting companies and products to domestic and overseas buyers | Economic Policy Division | |
| 13 | Newly Established | Regular events for communication between the city and local enterprises | · Annual local enterprise certification ceremony and on-site consultation meetings (as needed) | Economic Policy Division | |
| 14 | Regulatory Relaxation and Support Enhancement | Expansion | (Ordinance amendment) Branding of local enterprise names (reselection) | · Reinforcing local enterprise branding through reselection | Economic Policy Division |
| 15 | Expansion | (Ordinance amendment) Relaxation of qualification criteria for local enterprises | · Relaxation of applicant qualifications (business duration, number of employees, sales) and expansion of cultivation scale | Economic Policy Division | |
| 16 | Newly Established | (Ordinance amendment) Administrative convenience and management stability for local enterprises | · Implementation of deferral of questioning and inspection rights for tax officials under Article 140 of the Local Tax Basic Act (for 3 years after certification) | Economic Policy Division, Tax Operations Division | |
| 17 | Expansion | · Extension of recertification period (5 years) | Economic Policy Division | ||
Conclusion: Companies that Grew Together, Busan that Will Grow Together
Busan City stated, "Local enterprises are the essence of Busan's economy and a source of pride, serving as valuable assets grown together with its citizens." Furthermore, it emphasized its commitment to providing practical policy support for companies to achieve growth in domestic and international markets.
The certification as a local enterprise is not just an honor, but also carries various benefits and significance. The city’s policies are expected to contribute to sustainable economic growth and the improvement of the quality of life for citizens through businesses rooted in the local community. It is hoped that such efforts will continue in the future.
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Frequently Asked Questions (FAQ)
Q. What is the certification criteria for local enterprises in Busan?
Busan local enterprises must have their headquarters located in Busan, be in business for over 30 years, have at least 100 employees, and have annual sales over 20 billion won.
The certification for local enterprises in Busan is aimed at companies headquartered in Busan, with a business duration of over 30 years, a minimum of 100 employees, and an average annual sales of over 20 billion won. Moreover, it selects and certifies companies that have made significant contributions to the local economy. This system has been in operation since 2006, aiming for the revitalization of the local industry and economy.
Q. Which companies were selected as new local enterprises in Busan for 2025?
The 5 new local enterprises for 2025 include Halla IMS, Eunsan Shipping and Aviation, Nara Autosys, Samyoung MT, and Hyosung Electric.
The newly certified local enterprises for 2025 total 5, each demonstrating outstanding performance in various industries. Halla IMS Co., Ltd. specializes in ship component manufacturing, Eunsan Shipping and Aviation Co., Ltd. in aviation and shipping logistics, Nara Autosys Co., Ltd. in automotive equipment manufacturing, Samyoung MT in automotive parts production, and Hyosung Electric Co., Ltd. in electrical device manufacturing, all contributing to the Busan regional economy based on their long histories and technical prowess.
Q. What benefits are granted when certified as a local enterprise?
Financial support, market exploration preferences, transportation fee exemptions, priority use of public facilities, and employee cultural and welfare benefits are provided.
When certified as a local enterprise, various benefits are provided according to the "Busan Metropolitan City Local Enterprise Promotion and Support Ordinance." Financial support includes increases in the limits of subsidized funds for small and medium-sized enterprises and a higher rate of reimbursement for policy funds. Additionally, various supports such as priority benefits for participating in trade delegations and overseas exhibitions, exemption from tolls for public parking and Gwangandaegyo Bridge, and priority access to city public facilities are granted. Furthermore, all employees receive discounts from cultural centers, cinemas, and sports facilities.
Q. What are the main contents of the preferential policies for local enterprises being implemented from 2025?
Enhancements in cultural and sports benefits, brand competitiveness support, online promotion, regulatory easing, and expansion of employee welfare.
Starting in 2025, 17 new preferential policies will be implemented. Key contents include enhancing cultural and sports benefits such as discounts for performances and support for sports facility rentals; establishing dedicated consultation zones for local enterprises and providing exclusive booths at export consultation sessions to improve brand image; increasing online promotion via platforms for overseas marketing; loosening certification criteria and exempting tax audits as means of regulatory easing; and expanding employee welfare, enabling all employees to benefit from discounts on cultural and tourism platforms such as 'Holic Jam.'
Q. Why does Busan City consider local enterprises to be significant?
Local enterprises are the cornerstone of Busan's economy and are valuable assets that have grown together with its citizens.
Busan City perceives local enterprises as the essence of the local economy and a source of pride. These companies have been valuable assets that have grown together with the Busan community over many years, contributing to the revitalization of the local economy and job creation. Busan City strives to provide practical policy support to help these enterprises compete and grow in both domestic and international markets. Local enterprise certification holds significant meaning beyond mere honor, directly impacting local economies and quality of life for citizens.
