Diversified Industries
Busan had seen a magnificent economic growth until late 1970s with light industries like shoe, textile and plywood fields leading the growth. Since then, the city has been continuously trying to reorganize its industry. A good example would be the selection of and intensive investment on the ten strategic industries with great potential of growth and of leading the economy of Busan.
These are parts of broader vision of the port city, which is to develop into a central nexus of the global exchanges serving as a major hub of logistics, information, finance and tourism in the Pacific Rim. As a result of these enormous efforts, the city became one of the ten best cities in the Asia Pacific region to do business.
Major Economic Indicators
| Economically Active Population (1,000 persons) |
GRDP (US $m) |
Average Operating Rate of Small and Medium(-sized) Business (%) | Export (US $m) |
Import (US $m) |
Container Handling (TEU m) |
|
|---|---|---|---|---|---|---|
| Busan | 1,633 | 60,835 | 73.8 | 14,572 | 14,701 | 16.18 |
| National | 25,099 | 1,175,201 | 62.2 | 556,514 | 524,375 | 21.55 |
| Percentage | 6.5% | 5.2% | 2.6% | 2.8% | ||
| Base Year | 2011 | 2010 | 2011 | 2011 | 2011 | 2011 |
The 3rd phase of the promotion of strategic industries
- Core Strategic Industries
- Marine Industry
- Parts and Materials Industry
- Tourism and Convention Industry
- Multi-media and IT Industry
Future Strategic Industries
- Financial Industry
- Aging friendly Industry
- Medical Industry
- Textile and Fashion Industry
- Design Industry
- Green Energy Industry
