The "Central City" Connecting Eurasia... Busan City Secures Hosting of the 5th "Korea-Russia Local Cooperation Forum"

Busan City Hall.

[Asia Economy Yeongnam Reporting Headquarters, Reporter Hwang Du-yeol] Busan City announced on the 13th that the "2023 5th Korea-Russia Local Cooperation Forum" will be held in Busan.

The "Korea-Russia Local Cooperation Forum" is a platform for exchange and cooperation between local governments of Korea and Russia, launched by an agreement between the Korea-Russia heads of state in June 2018.

The forum is held alternately each year in Korea and Russia. It was first held in 2018 in Pohang, Gyeongbuk, followed by Vladivostok, Russia in 2019, and Ulsan in 2021.

The 2023 Korea-Russia Local Cooperation Forum held in Busan is expected to be attended by about 2,000 participants including officials from 35 local governments from both countries, such as 17 cities and provinces in Korea, the Russian Far Eastern Federal District, and 18 local governments in the Arctic region, as well as businesspeople and economists.

To ensure the successful hosting of the forum, the city plans to form a planning committee consisting of businesspeople and economic experts to prepare the event program.

The city plans to utilize the forum as a foothold to revitalize the northern economy by expanding opportunities for Busan companies to enter northern markets through linked events such as corporate investment briefings, and to broadly expand exchanges in fields such as science, education, and culture and arts.

A representative from Busan City stated, "With Busan selected as the host city for the '5th Korea-Russia Local Cooperation Forum,' Busan is expected to once again establish itself as a central city for northern economic cooperation."

Park Hyung-jun, Mayor of Busan, said, "We will cooperate in shipbuilding, port, and hydrogen sectors to pioneer the Arctic route and develop Arctic energy resources, aiming to become a central city for northern economic cooperation and a Northeast Asian hub connecting the Pacific and Eurasia."

This content was produced with the assistance of AI translation services.