Busan Redraws Industrial Map With AI Push for Shipbuilding, Autos
Busan, a major industrial hub in South Korea, is undergoing a significant transformation by incorporating artificial intelligence (AI) into its traditional manufacturing sectors like shipbuilding, automobiles, and machinery. This move aims to enhance productivity and competitiveness in these established industries while also fostering the development of emerging sectors such as power semiconductors and future mobility.
AI Transformation Strategy
Mayor Jeon Jae-soo has unveiled the “AX” initiative, focusing on AI transformation in key industries like shipbuilding, automobile, and machinery. The city plans to establish an AX testbed at the Myeongji Noksan National Industrial Complex and launch a ship and marine edge-AI data testing project. By collecting and analyzing data from manufacturing processes, Busan aims to enhance the efficiency of its existing industries and pave the way for new growth opportunities.
Development of New Industries
In addition to upgrading traditional sectors, Busan is actively nurturing new industries to diversify its economic landscape. The city will establish a power semiconductor technology innovation cluster and initiate a smart port autonomous mobility project. These initiatives aim to create an interconnected industrial ecosystem that leverages AI and data to drive innovation and growth across various sectors.
Industrial Reorganization and Innovation
Busan is strategically reorganizing its industrial hubs to adapt to changing market dynamics. The Centum 2 district is set to become a cutting-edge urban high-tech industrial complex, focusing on information and communications technology, research and development, and advanced future industries. Moreover, Western Busan will serve as a center for manufacturing innovation, with a focus on aircraft maintenance, repair, and advanced logistics.
Support for Business Growth
To facilitate the adoption of AI technology and encourage business expansion, Busan is revising its corporate recruitment policies. The city is prioritizing employment and innovation within the region over investment amounts or factory relocations. Additionally, support for knowledge service businesses has been increased significantly to promote the growth of companies in Busan.
As Busan continues its journey towards becoming a hub for cutting-edge industries and innovation, the integration of AI into its manufacturing landscape is expected to drive sustainable growth and competitiveness in the global market.
