Busan City Announces Results of This Year's 'Busan Environmental Industry Survey'... 6,007 Environmental Companies, Total Sales of 5.3971 Trillion KRW

Busan City Hall.

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Du-yeol] Busan City announced the results of the ‘2020 Busan Environmental Industry Survey’ conducted since June on the 18th.

The ‘Busan Environmental Industry Survey’ is the result of investigating environmental businesses that have operated for more than one month during the year 2020 with at least one employee since last June, continuing only environmental industry-related business activities.

The survey contents include ▲general information of businesses ▲management performance of the entire and environmental sectors ▲satisfaction with support policies and demand, totaling 42 items.

According to the survey, the number of environmental industry businesses in Busan in 2020 was 6,007, accounting for 9.5% of the 63,403 environmental industry businesses nationwide.

The total environmental sales amounted to 5.3971 trillion KRW, representing 5.3% of the nationwide environmental sales of 101.5024 trillion KRW.

Looking at detailed industries, ‘Resource Circulation Management’ accounted for the largest share with 2,617 businesses and environmental sales of 2.3127 trillion KRW. This is analyzed to be influenced by the Saenggok Resource Circulation Specialized Complex, a resource circulation hub located in Gangseo-gu.

The second largest industry among all businesses, ‘Sustainable Environment and Resources,’ recorded 1,857 businesses and environmental sales accounting for 18%, ranking third in total sales.

The ‘Water Industry,’ which includes many public sectors such as water supply and sewage, ranked third in the number of businesses with 712, but its sales amounted to 1.3406 trillion KRW, ranking second after ‘Resource Circulation Management.’

Exports from the water industry amounted to 152.1 billion KRW, accounting for 2.8% of environmental sales, which was lower than the national export share of 8.1%.

The survey also indicated the need for policy support to expand exports of environmental industry companies.

Environmental businesses in Busan reported the need for ▲financial support ▲provision of export-related information ▲sales and marketing support to expand exports.

The overseas countries that businesses are interested in entering were ranked as Vietnam, Indonesia, and other Southeast Asian countries, followed by China, Japan, and the United States and Canada.

The survey results are expected to be widely used as ▲a basis for establishing and monitoring the implementation of Busan City’s environmental industry promotion policies ▲data for securing national funds such as from the Ministry of Environment ▲basic research data for research institutions and industries ▲and estimation of GRDP (Gross Regional Domestic Product).

Lee Jun-seung, Director of the Digital Economy Innovation Office of Busan City, said, “To take the lead in environmental industries such as the Green New Deal, it is essential to secure objective data on the local environmental industry,” adding, “We will continue efforts to realize a ‘low-carbon green city’ by supporting the fostering of eco-friendly industries through the environmental industry survey.”

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