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Busan’s Tax Revenues Jump Due to Cigarette Buying Spree and Reviving Property Market

Busan’s Tax Revenues Jump Due to Cigarette Buying Spree and Reviving Property Market

BUSAN, Apr. 21 (Korea Bizwire) — The city of Busan is expecting an additional 218.35 billion won (US$ 201.47 million) for its estimated 2014 tax revenues, due to an increase in cigarette tax revenues caused by citizens’ buying spree before the New Year’s cigarette price hike, even though Busan’s population of non-smokers has since increased. According [...]

Busan’s Samjung the Park Suspected of Illegal Logging

Busan’s Samjung the Park Suspected of Illegal Logging

BUSAN, Apr. 16 (Korea Bizwire) — Samjung The Park, Busan‘s only zoo, is under suspicion of conducting illegal logging at a dense forest site, and building an unauthorized children’s playground. As the Busan Metropolitan City government and the Busanjin-gu Office said that they had yet to find evidence of any illegal activity at the zoo, [...]

Walking for Public Health in Busan

Walking for Public Health in Busan

SEOUL, March 31 (Korea Bizwire) — Five hospitals in Busan will be treating the less privileged for free, based on mileage points accumulated by Busan citizens. The city of Busan and Dongseo University have been operating a campaign since 2013 where participating citizens track their movements for 90 days and have their steps get converted into mileage [...]

Korea To Develop The Largest Aquarium In The World for Maritime Engineering Research

Korea To Develop The Largest Aquarium In The World for Maritime Engineering Research

Busan, Korea, Feb. 14 (Korea Bizwire) – Korea is to develop the largest maritime engineering aquarium in the world for deep-sea research purposes, such as simulation experiments for the construction of maritime plants. The Ministry of Oceans and Fisheries (MOF), the Ministry of Trade, Industry and Energy (MOTIE) and the city of Busan hosted a [...]