Busan City Ushers in Era of Record 10 Trillion Won in National Funding

An Increase of 582.1 Billion Won from Last Year, Totaling 10.2184 Trillion Won
Gadeokdo New Airport Construction and Nakdong River Drinking Water Supply System
Bio, AI, and Marine Projects Lay the Foundation for a Global Hub City

Busan City has ushered in the era of 10 trillion won in national funding.

On December 3, Busan City announced that it had secured 1.02184 trillion won in national funding following the passage of the 2026 government budget bill in the National Assembly. This is an increase of 582.1 billion won (6.0%) from last year's 963.63 billion won, marking the largest amount ever secured.

The city assessed that this achievement has laid the foundation for strengthening future competitiveness and improving urban infrastructure.

The long-awaited "Nakdong River Basin Drinking Water Supply System Establishment Project" for Busan citizens has had its design cost (1.92 billion won) included in next year's budget. Budgets for future industries, such as the "Autonomous Driving-Based Smart Port Mobility Hub Establishment" and "Aerospace Regional Innovation Infrastructure Development," have also been newly included. The budget for the construction of Gadeokdo New Airport (688.9 billion won) remained unchanged from the government's original plan.

In the environment and safety sector, the "Geumjeongsan National Park Management and Operation Budget" (3.4 billion won) was newly included. Funding was also secured for the "Hakjang and Gamjeon 2 District Natural Disaster Risk Area Maintenance" (2.75 billion won), "Dongnae and Sumin Sewerage Maintenance Project" (1.92 billion won), "Nakdong River Estuary Dam Upstream Daejeo Water Gate Improvement" (5 billion won), and "Dongcheon and Bujeoncheon Non-Point Pollution Reduction" (7.5 billion won).

Budgets for new industries based on bio, digital, and AI technologies were also largely included. Newly reflected projects include the "Advanced Regenerative Medicine Clinical Demonstration Support Platform" (766 million won), "Production and Development of Radiopharmaceuticals for Intractable Diseases" (3 billion won), "Shipbuilding AX Specialized AI Model House Establishment" (2 billion won), and "SIC Power Semiconductor Substrate Analysis Support Center" (2 billion won).

Budgets for existing key projects such as the "Future Vehicle Exclusive Platform XR Digital Twin Establishment" (3.6 billion won), "Vegan Leather Demonstration Cluster" (4 billion won), "Intelligent Healthcare Demonstration Project" (1.48 billion won), and "Blockchain Specialized Cluster" (4.06 billion won) were also increased.

In the culture, sports, and tourism sectors, the "Global Busan Design Fair" (600 million won) was newly included, and the budget for "Asia Content & Film Market Development" (600 million won) was increased. Budgets for marine exhibitions such as the "Busan International Boat Show" (430 million won), "International Marine Leisure Week" (500 million won), and "Marine Mobility & Safety Expo" (180 million won) were also increased. Projects for the renovation of the "Deokcheon-dong Outdoor Swimming Pool" (1 billion won), "Busan Indoor Ice Rink" (415 million won), and the "Beomeosa Temple Food Experience Center" (1.5 billion won) were also included, accelerating improvements in living and tourism infrastructure.

The city explained that close cooperation with the local political community played a significant role in this achievement. It is assessed that local National Assembly members, led by Assemblyman Kim Daesik, secured key projects that were not included in the original government plan during the budget review process.

Park Hyungjun, Mayor of Busan, stated, "The opening of the 10 trillion won era marks a new starting point for Busan," adding, "We will focus the secured national funding on changes that citizens can truly feel, propelling Busan to become a 'global hub city.'"

Hyungjun Park, Mayor of Busan.

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