Busan Urban Corporation and Nine Local Public Corporations Officially Launch "Urban Regeneration and Maintenance Council"

Busan Urban Corporation (BMC, President Shin Changho) announced that the 'Local Public Corporation Urban Regeneration and Maintenance Council,' established to promote cooperation in urban regeneration and maintenance projects among local public corporations nationwide, held its inaugural general meeting and was officially launched on October 16.

Busan Urban Corporation is officially launching the 'Urban Regeneration and Maintenance Council' with nine local public corporations nationwide and is taking a commemorative photo. Photo by Busan Urban Corporation

This council includes nine local public corporations from across the country: Gangwon Development Corporation, Gyeongnam Development Corporation, Gwangju Urban Corporation, Daegu Urban Development Corporation, Daejeon Urban Corporation, Busan Urban Corporation, Jeju Free International City Development Center, Chungbuk Development Corporation, and Chungnam Urban Development Corporation.

The council aims to establish a cooperative model among local public corporations for sustainable urban development and to strengthen the execution of urban regeneration and maintenance projects. The participating organizations plan to expand cooperation with the central government and the private sector through joint research and the discovery of integrated business models.

In addition, the council plans to contribute to narrowing regional gaps and spreading mutually beneficial urban regeneration models by gradually implementing region-specific projects such as the regeneration of aging city centers and improvements to residential environments.

Shin Changho, President of Busan Urban Corporation, stated, "The launch of this council marks a meaningful starting point for sharing the urban regeneration experience and expertise that each organization has accumulated beyond regional boundaries," adding, "We will actively work for sustainable urban development based on the values of cooperation and mutual growth among local public corporations."

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