Busan City and Busan Urban Corporation Designate 40 "Busan Urban Regeneration Specialized Companies"

Five Fields Including Regeneration Planning, Physical Regeneration, and Culture & Arts
Boosting Local Employment and Corporate Competitiveness Expected

Busan Metropolitan City and Busan Urban Corporation (President Shin Changho) have designated a total of 40 companies as the "2025 Busan Urban Regeneration Specialized Companies."

The "Urban Regeneration Specialized Company Designation" program aims to systematically support educational training to enhance the expertise of companies involved in urban regeneration, while also providing local youth with job experience opportunities and strengthening the competitiveness of regional businesses.

Busan Urban Corporation is conducting capacity-building training for urban regeneration specialized companies. Photo by Busan Urban Corporation

A total of 51 companies participated in the public recruitment held in April. Busan Urban Corporation evaluated the applicants based on criteria such as development capability, innovativeness, realization of local values, and orientation toward urban development. Out of the companies that completed capacity-building training, 40 were ultimately selected as the fifth cohort of urban regeneration specialized companies.

This year’s training program consisted of lectures and talk concerts on a variety of topics, which received high satisfaction from participating companies. The companies also broadened their networks for regional development by sharing experiences in participating in local government projects, workforce support, and proposals for joint cooperative projects.

The 40 selected companies are categorized as follows: 13 in regeneration planning (including Sangnok Comprehensive Architectural Office), 4 in social and economic regeneration (including Vitalfeel), 13 in physical regeneration (including Ecogreen), 1 in smart regeneration (Signlab), and 9 in cultural and artistic regeneration (including Munhwakong). The designation period is three years, during which the companies will receive a certificate of designation, a plaque, and a handbook. In addition, support will be provided for youth job creation and corporate promotion.

Shin Changho, President of Busan Urban Corporation, stated, "We will do our utmost to provide tailored consulting and support for job creation so that urban regeneration specialized companies can fully demonstrate their capabilities in the field."