BISTEP Publishes R&D Policy Brief on "Case Studies and Implications of Attracting Global AI Companies Led by Overseas Regions"

Analysis of Global Case Studies on Attracting AI Companies in Cities like Toronto, London, Dubai, and Pittsburgh
Strategies for Busan to Secure Growth Engines and Competitiveness by Attracting AI Companies

The Busan Institute of Science, Technology and Education Promotion (BISTEP, President Kim Youngbu) has published the "R&D Policy Brief No. 2025-7" under the theme "Case Studies and Implications of Attracting Global AI Companies Led by Overseas Regions."

This brief analyzes the strategies of major cities around the world for attracting artificial intelligence companies, focusing on the cases of Toronto in Canada, London in the United Kingdom, Dubai in the United Arab Emirates, and Pittsburgh in the United States. It also presents policy implications and strategic directions for Busan.

According to the brief, countries are implementing policies to strengthen national competitiveness through artificial intelligence, while key cities are actively attracting global AI companies by leveraging their unique strengths in talent and research capabilities, policies and regulations, and capital and investment. Through these efforts, they are building AI industry ecosystems and generating significant economic and industrial ripple effects in their regions.

Busan is also evaluated as a city with favorable conditions for attracting AI companies. The city enables AI convergence across various industries such as maritime, logistics, and biohealth, and possesses large-scale testbeds, including smart city demonstration platforms. In addition, the high concentration of policy efforts by the local government is seen as providing an optimal environment for attracting AI companies and fostering an AI ecosystem.

BISTEP Senior Researcher Kim Namhyo emphasized, "Attracting AI companies not only has a positive effect on securing growth engines for the region, such as industrial innovation and investment inflows, but can also contribute to solving local issues by creating jobs." He added, "It is necessary to actively pursue policies such as securing AI talent, supporting industrial convergence R&D and demonstration projects, building infrastructure, and improving legal and institutional frameworks."

Details of the brief can be found on the BISTEP website.

R&D Policy Brief No. 07 Cover.

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