Busan City Signs Regional 'Information Security Industry Promotion Business Agreement'

City·Korea Information Security Industry Association·Information Security Society·Information Industry Promotion Agency

Cooperation for Industrial Ecosystem Development Among Four Organizations at 4:30 PM on the 17th

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] Busan City, the Korea Information Security Industry Association, the Korea Information Security Society, and the Busan Information Industry Promotion Agency are joining forces to foster the local information security industry.

On the 17th at 4:30 PM, at the 26th-floor conference room of City Hall, Busan City will sign a "Business Agreement on Fostering the Information Security Industry Ecosystem" with the Korea Information Security Industry Association, a major domestic information security corporate consortium, the Korea Information Security Society, the leading domestic academic organization in information security, and the Busan Information Industry Promotion Agency, a regional ICT promotion institution.

Busan City Hall.

Attending today's signing ceremony are the signatories: Mayor Park Hyung-jun, Lee Dong-beom, President of the Korea Information Security Industry Association, Won Yoo-jae, President of the Korea Information Security Society, Jung Moon-seop, Director of the Busan Information Industry Promotion Agency, as well as related officials including Ji Sang-ho, Director of the Southeast Information Security Support Center at the Korea Internet & Security Agency.

Through this business agreement, each institution plans to actively cooperate to create an information security industry ecosystem by fostering local information security companies, attracting excellent out-of-region companies, training specialized personnel, establishing cyber security training grounds, and creating security technology testbeds.

In particular, the city plans to respond together with the agreement institutions to the Ministry of Science and ICT’s public contest for "Establishing Regional Hub Information Security Clusters." If selected, a total of 35.8 billion KRW in national and local funds will be invested over the next five years to more solidly promote company development, research and development (R&D) demonstration, infrastructure establishment, and governance construction.

Mayor Park Hyung-jun stated, "Since about 70% of information security companies and personnel are concentrated in Seoul, there have been limitations in the growth of the local information security industry ecosystem. Starting with today’s agreement, we will unite with the country’s leading information security associations, academic societies, and local information security companies to focus our capabilities on creating an information security cluster linked to regional strategic industries."

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