"Carbon Neutral Forest Gift" ... Busan City and Panasia Donation Ceremony

Aerial view of Haeundae Arboretum.

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Du-yeol] Since its temporary opening last May, 260,000 people have visited the new citizen relaxation space, ‘Haeundae Arboretum,’ and Busan City and Panasia have joined hands for its development.

On the 3rd, Busan City held a donation ceremony with Panasia in the protocol room on the 7th floor of City Hall. The ceremony was attended by Park Hyung-joon, Mayor of Busan, Lee Soo-tae, Chairman of Panasia, and Lee Min-geol, Executive Director.

Panasia donated 200 million KRW to Busan City for the creation of Haeundae Arboretum. The donated funds will be used to establish the ‘Panasia Carbon Neutral Forest’ within the second phase project site of the arboretum.

The Panasia Carbon Neutral Forest will be created around an ecological pond, covering an area of approximately 5,500㎡, and about 450 trees of 20 species including Zelkova, Aesculus, and Thorn trees will be planted.

The forest’s estimated annual carbon absorption is about 5 tons.

Busan City stated, “As the trees continue to grow, the amount of carbon absorption is expected to increase significantly every year, and the forest will also have excellent effects in absorbing and blocking fine dust.”

Mayor Park Hyung-joon said, “We will strive to develop Haeundae Arboretum into a relaxation space frequently visited by citizens so that the great intention of this donation can be realized.”

Panasia is a local company in Busan specializing in global eco-friendly equipment with solutions for air and water quality environments and hydrogen business.

The company’s annual sales exceed 350 billion KRW, showing growth, and it continuously participates in social contribution activities by practicing donation projects in various fields.

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