Busan City Hall.

Busan City Hall.

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[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Dooyul] On the 14th at 2:30 PM, Busan City will sign a business agreement at City Hall with the global virtual asset exchanges ‘Huobi Global’ and ‘Huobi Korea’ to establish the Busan Digital Asset Exchange and promote the development of the blockchain industry.


The signing ceremony will be attended by Park Hyung-joon, Mayor of Busan, Jo Guk-bong, Chairman of Huobi Korea, Choi Jun-yong, CEO of Huobi Korea, Joo Hwa, CEO of Huobi Global, and other Huobi officials.


Through this agreement, Busan City and Huobi plan to join forces to promote the establishment of the Busan Digital Asset Exchange and jointly advance various projects in the blockchain sector, aiming to create Busan as a global digital financial hub.


The detailed contents include ▲ Huobi’s technical and infrastructure support for establishing the Busan Digital Asset Exchange ▲ Support for attracting more than 1,500 overseas blockchain specialists to Busan ▲ Investment in and support for blockchain projects.


Huobi plans to relocate the headquarters of Huobi Korea, currently located in Seoul, to Busan within this year and support the nurturing of local blockchain projects and blockchain communities.


Additionally, through these efforts, they aim to make Busan a driving force in growing as Asia’s digital financial hub.



Park Hyung-joon, Mayor of Busan, emphasized, “With the technology and experience of Huobi, a global digital asset exchange, the promotion of the Busan Digital Asset Exchange has gained momentum,” and added, “We will do our best to make Busan a blockchain-specialized city and a global digital finance city to secure new growth engines for the local economy.”


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

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