Table of Contents
- Full-scale cooperation system for securing national funding in Busan
- 27 major projects proposed for national funding, 17 current issues
- Promotion of local projects and response to National Assembly reviews
- Simultaneous promotion of projects directly related to citizens' lives
- Busan's leap to become a global maritime capital
- Conclusion
- Frequently Asked Questions (FAQ)
Full-scale cooperation system for securing national funding in Busan
Busan City is making every effort to secure national funding in preparation for the 2026 government budget review. On October 31 at 8 AM, the "Busan City - People Power Party Busan Budget Policy Council" was held at the Glad Hotel in Yeouido, Seoul where in-depth discussions were held regarding key issues and ways to secure national funding for Busan.
This meeting was held to ensure that important projects in Busan are reflected in the National Assembly's budget review. Mayor Park Hyung-jun and 12 National Assembly members belonging to the People Power Party attended the meeting to share opinions.
Key agenda items discussed included the rapid construction and timely opening of the Gadeokdo New Airport, the integration of the Ministry of Oceans and Fisheries and relevant public institutions' move to Busan, the establishment of the BuTX system, the inclusion of the Busan Complex Transfer Center in the national plan, and the underground project of the Gyeongbu Line railway.
27 major projects proposed for national funding, 17 current issues
At the recently held council, Busan City proposed 27 projects and 17 current issues to secure national funding for 2026.
Major proposed projects include the establishment of a safe drinking water supply system in the Nakdong River basin, the establishment of a smart port mobility hub based on autonomous driving, the provision of infrastructure for the manufacturing of compound semiconductors for extreme and polar industries, the nurturing of AI-based spatial computing industries, the establishment of a marine and port AX demonstration center, and the establishment of a support base for advanced manufacturing of next-generation aircraft parts.
These projects aim to contribute to Busan's sustainable development and enhancement of future industrial competitiveness.
Recently, growth projects based on new industries have been attracting attention.
For instance, core technology research and development for physical AI are underway, and AI factory technology development through cooperation of large and small businesses in the footwear industry is taking place.
Additionally, a clinical demonstration support platform for advanced regenerative medicine has been established, and a carbon measurement and reduction support base is being created by specializing Busan's industrial complex.
These projects are expected to play a significant role in changing the future economic landscape.
The construction of the Bansong Tunnel and Hwangnyeong Tunnel 3, the development of the Daedae Complex Marine Leisure Tourist City, the reconstruction of Sajik Baseball Stadium, and the designation of the hydrogen-specialized zone have been emphasized as projects requiring preliminary feasibility studies. These projects are important factors contributing to regional development.
Promotion of local projects and response to National Assembly reviews
Busan City has established a resident team in Yeouido, Seoul to secure national funding with an eye on the National Assembly's budget review. They strive to ensure that Busan's major budget is included in the government's proposal through cooperation with each standing committee and budget settlement committee.
The city and the Busan city party have strengthened their cooperation system by achieving several practical outcomes since the Budget Policy Council meeting in September. The eligibility for BuTX's private investment has been passed, the designation of Geumjeong Mountain National Park has been approved by the Central Urban Planning Committee, and the public hospitalization of Baptist Hospital and toll-free passage at Garak IC have also been realized.
Through this council, cooperation for securing national funding has been resumed, and priorities for budget allocation and implementation strategies have been reviewed. Such processes are expected to have a positive impact on regional development.
List of key issues
| No | Proposal Title |
| 1 | Rapid construction and timely opening of Gadeokdo New Airport |
| 2 | Integration and relocation of the Ministry of Oceans and Fisheries and marine public institutions to Busan |
| 3 | Relocation of shipping company headquarters to Busan |
| 4 | Establishment of a specialized maritime court in Busan |
| 5 | Realization of Busan as the leading city for national balanced development through public institution relocation |
| 6 | Enactment of a special law for Busan Global Hub City |
| 7 | Advancement of public hospitalization of Baptist Hospital |
| 8 | Modernization of the Busan Joint Fish Market |
| 9 | Establishment of the National Institute of Dental Medicine |
| 10 | Establishment of BuTX |
| 11 | Inclusion of the Busan Complex Transfer Center in the national plan |
| 12 | Underground project of the Gyeongbu Line railway |
| 13 | Hosting the 48th UNESCO World Heritage Committee in 2026 |
| 14 | Establishment of a sculpture investment over-the-counter exchange in Busan |
| 15 | Revitalization of the maintenance of aging planned cities |
| 16 | Support for hosting the 2026 Busan World Library Information Conference |
| 17 | Creation of a "clean city without illegal banners" that makes citizens happy |
Simultaneous promotion of projects directly related to citizens' lives
Busan City is putting in a variety of efforts to solve problems closely related to citizens' lives.
First, they have requested support for the public hospitalization of Baptist Hospital and the modernization of the Busan Joint Fish Market to advance substantially this year. Additionally, the establishment of the National Institute of Dental Medicine, the inclusion of the Busan Complex Transfer Center in the national plan, the promotion of the underground project of the Gyeongbu Line railway, and preparation for the hosting of the 2026 World Heritage Committee and World Library Information Conference have been discussed concurrently.
Furthermore, the establishment of a sculptural investment asset trading exchange in Busan has also been treated as an important agenda. This multifaceted approach is expected to contribute significantly to the future development of Busan.
A variety of tasks to enhance Busan's future competitiveness were raised as major discussion items.
Strategies to respond to the second relocation of public institutions, the relocation of shipping company headquarters, and the establishment of a specialized maritime court in Busan are included.
Additionally, strategies for creating a clean city free of illegal banners and the promotion of the special law for a global hub city were also addressed as important issues.
Busan's leap to become a global maritime capital
Through a recent council, Busan City aimed to lay the essential groundwork for its leap to become a global maritime capital.
In this meeting, strategies for enhancing competitiveness were discussed, including the nurturing of manufacturing AI and vertical AI industries in line with the AI transformation era, the rapid re-bidding and opening of Gadeokdo New Airport, strengthening the functions of the Ministry of Oceans and Fisheries, relocation of shipping companies including HMM to Busan, and the establishment of a digital finance test bed.
These strategies are expected to contribute to increasing Busan's future growth potential.
To realize decentralization and local self-financing, institutional measures and strengthening of authority are essential. The status as a leading city for national balanced development must also be elevated further. These points have been emphasized.
Conclusion
The recently held Budget Policy Council was a venue for Busan City and the People Power Party Busan to collaborate for practical budget coordination. Busan City is working hard to ensure that major current issues are included in the 2026 government budget proposal, and the full-fledged advancement of various key projects such as the Gadeokdo New Airport, BuTX, Busan Complex Transfer Center, the underground project of the Gyeongbu Line, and the relocation of the Ministry of Oceans and Fisheries to Busan is expected.
The development of Busan will contribute to the balanced development of the nation. This active effort to secure national funding is anticipated to be a critical milestone for Busan's growth into a world-class maritime city.
#BusanCity, #2026Budget, #NationalFunding, #BusanBudgetPolicyCouncil, #MayorParkHyung-jun, #GadeokdoNewAirport, #BuTX, #BusanComplexTransferCenter, #GyeongbuLineUnderground, #MinistryOfOceansAndFisheriesMoveToBusan, #RelocationOfPublicInstitutions, #SpecialLawForBusanGlobalHubCity, #PublicHospitalizationOfBaptistHospital, #BusanJointFishMarket, #BusanEconomy, #BusanPolicy, #BusanAdministration, #PeoplePowerPartyBusanCityCouncil, #BudgetPolicyMeeting, #BusanUrbanPlanning, #SmartPort, #AIIndustry, #CompoundSemiconductor, #WorldHeritageCommittee, #BusanLibraryInformationConference, #BusanInvestment, #BusanFutureIndustry, #BusanGrowthStrategy, #BusanPolicyBriefing, #GlobalMaritimeCapitalBusan
Frequently Asked Questions (FAQ)
Q. What efforts is Busan City making to secure national funding for 2026?
Busan City is closely working with the Busan City Party to operate a resident team to secure national funding ahead of the 2026 government budget review.
Busan City is exerting all efforts to secure national funding in preparation for the 2026 government budget review. Key issues and funding strategies have been discussed in depth through the Budget Policy Council with the People Power Party Busan City Party held at the Glad Hotel in Yeouido, Seoul. Additionally, a resident team has been established in Yeouido to actively respond so that Busan's major budget is included in the government's proposal through cooperation with standing committees and budget settlement committee.
Q. What is the current status and plan for the Gadeokdo New Airport project?
Efforts are being made to ensure the rapid construction and timely opening of the Gadeokdo New Airport are reflected in the National Assembly's budget review.
The Gadeokdo New Airport is one of the core issues promoted by Busan City, focusing on securing funding to ensure rapid construction and adherence to the scheduled opening date within the National Assembly's budget and settlement committee review. During this Budget Policy Council meeting, discussions on the inclusion of Gadeokdo New Airport's budget and plans for re-bidding were conducted, and Busan City is providing maximum support to ensure that the new airport is completed without disruption.
Q. What is the status of BuTX system construction and the inclusion of the Busan Complex Transfer Center?
The BuTX construction and Busan Complex Transfer Center are actively promoted through national planning and private investment eligibility.
Busan City proposes the construction of the BuTX system as a major issue for 2026, having secured the driving force for the project by passing private investment eligibility. The Busan Complex Transfer Center has also been included in the national plan, boosting the expansion of transportation infrastructure. These projects will play a significant role in enhancing public transportation connectivity and convenience in the region.
Q. What major future industry projects are being pursued by Busan City?
Research on physical AI, AI factory in the footwear industry, and support for clinical trials in advanced regenerative medicine are underway.
In response to changes in the future economic environment, Busan City is focusing on the growth of projects based on emerging industries. For instance, research and development of core technologies related to physical AI and the development of AI factory technology through cooperation between large and small enterprises in the footwear industry are prominent examples. Additionally, the establishment of a clinical trial support platform for advanced regenerative medicine and the specialization of industrial complexes to create a carbon reduction base are also being promoted, bolstering Busan's industrial competitiveness.
Q. What are the key issues in Busan City closely related to the citizens' lives?
Public hospitalization of Baptist Hospital, modernization of the Busan Joint Fish Market, and establishment of the National Institute of Dental Medicine are included.
Busan City is also actively pursuing issues closely related to citizens' lives. There has been a request for support to ensure that the public hospitalization of Baptist Hospital and the modernization of the Busan Joint Fish Market can proceed significantly this year, along with concurrent promotion of the establishment of the National Institute of Dental Medicine, inclusion of the Busan Complex Transfer Center in the national plan, and the underground project of the Gyeongbu Line railway. Moreover, through preparations for the 2026 World Heritage Committee and World Library Information Conference, efforts are being made to strengthen cultural and social infrastructure.
Q. What efforts is Busan City making for national balanced development and decentralization?
Busan City is leading balanced development through strengthening local self-financing and promoting the special law for global hub city.
As a leading city for national balanced development, Busan City emphasizes the necessity of institutional mechanisms and enhancing authority for strengthening local self-financing and decentralization. Furthermore, initiatives such as the creation of a clean city free of illegal banners and promoting the enactment of a special law for global hub are undertaken to increase regional competitiveness and autonomy while contributing to building a sustainable urban model.
