Busan Ideal for Content Companies... Promotion of 'Busan Content Biz Town'

Selected for the Ministry of Culture, Sports and Tourism's 'Regional Hub-Type Content Company Support Center Creation Support Project'

Targeting opening by the end of this year after leasing and remodeling the building of Dongseo University Social

Busan City is actively promoting the establishment of the ‘Busan Contents Biz Town’ (Contents Enterprise Support Center) to foster a content ecosystem and create jobs for young people.

Busan Contents Biz Town Floor Composition.

The city and the Busan IT Industry Promotion Agency (Director Jeong Mun-seop) were selected in March for the Ministry of Culture, Sports and Tourism’s public contest, ‘Regional Hub-Type Contents Enterprise Support Center Development Project,’ securing 4.2 billion KRW in national funding this year.

Accordingly, the city plans to lease and remodel the building of the Dongseo University Social Education Center in Yangjeong-dong, Busanjin-gu, through a commissioned project by the Busan IT Industry Promotion Agency, and open the ‘Busan Contents Biz Town’ by the end of this year. A total project cost of 14 billion KRW, including about 7 billion KRW in national funds, will be invested by 2027.

Dongseo University Social Education Center (Project Site).

With a total floor area of 7,012㎡ and spanning from one basement floor to eight above-ground floors, the ‘Busan Contents Biz Town’ will consist of company office spaces, a complex cultural space, meeting and training rooms, and exhibition areas.

In particular, the company office spaces will be spread across five floors with a total of 25 rooms, designed with various sizes considering the scale and characteristics of companies. It will provide business spaces by attracting mid-sized companies with growth potential, promising local content companies, and companies from outside the region.

Since the opening of the Busan Cultural Contents Complex (located in Centum City) in 2012, the city has supported company office spaces and strived to nurture the content industry, which grows faster than other industries and is favored by young people.

Now, responding to the rapidly changing content market and moving beyond the transitional phase, there is a policy judgment that tailored, step-by-step support is urgently needed for companies to grow into strong small and medium enterprises and global companies, leading to the establishment of the ‘Busan Contents Biz Town.’

The city plans to build a support system for content companies covering creation, startup, and growth stages through the establishment of Busan Contents Biz Town, following Busan Contents Korea Lab and Busan Cultural Contents Complex.

In particular, Contents Biz Town is expected to contribute to producing strong small and medium enterprises that will lead the local content industry and create jobs preferred by young people through support for content intellectual property (IP) development, training of content development personnel, job support linked with related organizations and local universities, and mentor company matching growth projects.

Mayor Park Hyung-jun said, “Busan has established its brand as a city of games and films, and based on this, content companies in various genres such as games, webtoons, dramas, animations, and publishing are growing.” He added, “Through Busan Contents Biz Town, we hope to support competitive content companies and foster star companies that can lead K-Content.”

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