Busan City and BISTEP Launch "Marine New Industry Leading Strategy" to Propel Global Hub Ambitions

On September 3, Busan City and the Busan Institute of Science and Technology Higher Education Promotion (BISTEP, President Kim Youngbu) held a kickoff briefing session for the "Busan-type Marine New Industry Leading Strategy Establishment Study" in the conference room of the Korea Maritime Institute (KMI).

Busan City and the Busan Institute of Science and Technology Higher Education Promotion are holding a kickoff briefing session for the "Busan-type Marine New Industry Leading Strategy Establishment Study" in the conference room of the Korea Maritime Institute (KMI) and taking a commemorative photo. Photo by BISTEP

The briefing session was attended by Kim Youngbu, President of BISTEP, Cho Jinsook, Director of Marine Capital Policy at Busan City, Seo Jongwoo, Policy Planning Advisor, Kim Sewon, Director at KMI, as well as other city officials and experts from marine research institutions, who shared the direction for the research project.

The goal of this study is to develop a concrete vision and strategy for Busan to become a global hub for new marine industries. The research period is approximately 10 months, until May next year. KMI is serving as the implementing agency, while BISTEP acts as the dedicated institution supporting planning and research coordination.

During the briefing, the main directions of the study were presented, including: establishing the definition and classification system for Busan-type marine new industries; deriving mid- to long-term development strategies and action plans utilizing coastal bases; and preparing a roadmap for expanding the marine new industry economic belt.

Busan City plans to incorporate the research outcomes into policy and industry practices through expert discussions, advisory board meetings, and interim and final briefing sessions. BISTEP intends to strengthen its collaborative network with local universities, research institutions, and companies to build a "Busan-type Marine New Industry Model" involving industry, academia, research, and government.

Kim Youngbu, President of BISTEP, stated, "This study is a strategic task that will shape Busan's next 30 years," adding, "We will do our utmost to establish Busan as a global testbed for new industries such as smart marine mobility, marine bio, blue food, and eco-friendly ships, going beyond the traditional focus on shipping and ports."

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