9 Public Institutions Including BPA Hold the 1st Busan Economy Revitalization Innovation Forum

The 1st Busan Economic Revitalization Innovation Forum Held by BPA and 8 Other Public Institutions.

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Du-yeol] The Busan Port Authority (BPA) and nine public institutions in the Busan area held the '1st Busan Economic Revitalization Innovation Forum' on the 13th at the 3rd floor of the Busan International Finance Center (BIFC) Camco Maru.

The institutions hosting the forum include the Korea Technology Finance Corporation, Busan Urban Corporation, Busan Port Authority, Korea Housing & Urban Guarantee Corporation, Korea Southern Power, Korea Securities Depository, Korea Asset Management Corporation, Korea Housing Finance Corporation, and Korea Ocean Business Corporation.

This forum was organized to find the future development direction of the 'Busan Social Economy Support Fund (BEF),' which was established by nine public institutions in the Busan area to support local businesses, raising 5.17 billion KRW over five years since 2018.

BEF stands for Busan Embracement Fund for Economic Vitalization, a fund created by nine public institutions in the Busan area to foster the local industrial ecosystem and support sustainable growth.

About 200 people attended the event, including representatives of the nine BEF partner institutions, Kim Kyung-hee, Director of Busan City Economic Policy Division, Busan citizens, and local business officials.

The forum began with a keynote speech by Professor Won Sook-yeon of Ewha Womans University’s Department of Public Administration, titled 'Impact Investment, Regional Economic Revitalization, and Solidarity.'

Following this, presentations and discussions were held by Shin Kyung-chul, Head of the Social Enterprise Research Institute, Do Hyun-myung, CEO of Impact Square, and Hyun Young-seop, Director of Dosinongsakun.

In his presentation, Head Shin Kyung-chul summarized the five-year achievements of BEF, stating, “With BEF support, beneficiary companies have achieved results such as creating new jobs and increasing sales, becoming a strong pillar for the Busan regional economy.”

Hyun Young-seop, director of Dosinongsakun, a BEF beneficiary company, said in his presentation, “The role of BEF should be further expanded to revitalize the venture startup ecosystem within the local community.”

The nine public institutions in Busan, including BPA, have utilized the BEF fund to carry out various projects such as ▲financial support according to company growth stages ▲crowdfunding support ▲management consulting ▲programs for discovering and nurturing future entrepreneurs ▲accelerating programs ▲online and offline sales channel support ▲smart farm installation support ▲and overseas expansion support.

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