Busan City Rolls Up Sleeves to Increase Work for Construction Companies... Busan Construction Companies and Major Construction Firms Hold Win-Win Day

Busan City Hall.

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Du-yeol] Busan City has rolled up its sleeves to secure work for Busan construction companies.

On the 15th, Busan City will hold the ‘2nd Busan Construction Companies - Construction Large Corporations Win-Win Day’ under the theme of ‘A New Win-Win Promise, A Leap Forward for Busan’s Economy.’

The event is a gathering where Busan City, construction companies, and construction-related organizations come together to develop the local construction industry and strengthen Busan’s economy. This is the second event following the first held in 2020.

The event will be held over 3 hours and 30 minutes, divided into two parts. The first part includes sharing Busan’s construction policies and signing a business agreement (MOU) for revitalizing Busan’s economy. The second part features ‘win-win mentoring’ between Busan construction companies and large construction corporations.

The business agreement will be attended by Busan City, 13 major large construction corporations, and construction-related organizations such as the Overseas Construction Association, the Korea Construction Association, the Specialized Construction Association, and the Mechanical Equipment Association’s Busan chapter, promising mutual cooperation to expand work opportunities for Busan construction companies.

The agreement includes ▲ expanding participation of Busan construction companies in construction projects of large construction corporations in the Busan area ▲ increasing participation of Busan construction companies in overseas projects ▲ strengthening administrative support to enhance the capabilities of Busan construction companies.

Busan City plans to introduce key projects essential to completing the ‘15-minute city,’ including large national projects such as the Gadukdo New Airport, Bukhang Redevelopment, and New Port Construction, as well as urban physical infrastructure and digital environment projects like the redevelopment of the original downtown, Eco Delta City, Sasang Smart City, and the establishment of a mesh-type railway system, to the participating large corporations and related associations.

During the ‘win-win mentoring,’ 49 Busan construction companies participating in the city’s ‘Busan Specialized and Mechanical Equipment Construction Companies Scale-Up Support Project’ and 13 large corporations conducting major construction projects in the Busan area will have one-on-one consultation opportunities.

Busan construction companies will have the chance to promote their construction capabilities and technical skills to large construction corporations, which are usually difficult to meet.

Large construction corporations will be able to share know-how on site orders and discover capable Busan construction companies familiar with local sites all in one place.

The ‘Scale-Up Support Project’ is a program that provides customized consulting to strengthen the capabilities of small and medium construction companies in Busan, supporting their registration as partner companies of large corporations.

It started nationwide for the first time in 2018 and has been carried out annually. So far, a total of 68 Busan construction companies have participated.

Lee Byung-jin, Deputy Mayor of Busan City, said, “This event is the first in the nation where the city, large corporations, and associations promise mutual cooperation for construction companies, and we expect it to be a new opportunity that significantly increases work opportunities for Busan construction companies.”

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