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Busan bets on becoming an Asia-Pacific startup hub
🇰🇷 South Korea /Technology

Busan bets on becoming an Asia-Pacific startup hub

From Chosun Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources New plan
  • Busan is pursuing a global startup hub built on its manufacturing and logistics infrastructure and public investment.
  • The city plans to expand beyond local startup support through joint investment and cross-border accelerator programs with APEC member economies.
  • Busan United Technology Holdings CEO Park Hoon-ki said the initiative could help the city overcome regional limits and serve as a gateway to APEC partnerships.

Busan is making a bid to become a global startup hub by combining its strong manufacturing and logistics base with public capital.

The city’s strategy goes beyond supporting startups within the region. It aims to broaden the ecosystem internationally through joint investment with Asia-Pacific Economic Cooperation member economies and cross-border accelerator programs.

Park Hoon-ki, chief executive of Busan United Technology Holdings, said Busan could overcome the limitations of its regional location and become a bridge to APEC partnerships. He made the remarks on the 1st at an event in Guangzhou, China.

We can overcome regional limitations and become a bridge to APEC partnerships.

— Park Hoon-kiHe described Busan’s potential role in the city’s effort to build a global startup ecosystem.
About this summary

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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