Busan News for Friday, March 12th, 2010

Busan Citizens’ Health at a Critical State
Reports show that the number of patients suffering from 5 major later-in-life diseases, including high-blood pressure, cerebrovascular disease, diabetes, arteriosclerosis, and cardiac disorders has increased by about 140 thousand in the period from 2005 to 2009.
Busan already had the highest mortality rate in the country for circulatory organ diseases and ranked 2nd in deaths caused by cancer and endocrine, nutritional, and metabolic diseases in 2008.
Such figures have given Busan the unwelcome title as the “city of diseases,” and reconfirmed the belief that the health condition of local citizens is at a critical level.
According to the report submitted by the Health Insurance Review Agency, the number of patients suffering from the big 5 diseases was 592,000 in 2005 and 731,703 in 2009.
Cases of arteriosclerosis increased the most at 63.5%, followed by cerebrovascular disease at 35%, high blood pressure at nearly 26%, diabetes at 16%, and cardiac disorders at 21%.
Local Businesses create Industrial Complexes in Busan
Local businesses will create their own industrial complex in Busan, which has been struggling because of a lack of business sites. The Busan Commerce and Industry Complex Development Co. Ltd tomorrow will hold a ground breaking ceremony in 명례리.
The scale of the 명례 industrial complex site stretches 1.56 million square meters and is scheduled to be completed in December of 2013.
Another site, the 장안 industrial complex, which has been developed by the car parts association in Busan, is nearing completion and will hold a ceremony of its own on the 23rd.
0.7 million square meters of the 1.31 million square meter 장안 industrial complex have been developed by the Busan Metropolitan Corporation and the region of 기장군. The rest of the area has been taken over by trusted members of the car parts association in order to reduce the sales price.
Capital Flow out of Busan higher than during recent Global Crisis
Reports show that local capital has been flowing out of Busan, Ulsan, and Gyeongnam at an ever faster rate following the global financial crisis of last year.
The report on the 2009 local financial market by the economic research institute at Busan Bank, showed that 14.5% of local capital left the Southeastern region last year, an increase of 1.8% from 12.7% the previous year.
The outflow rate is calculated by subtracting local loan amounts from local income and dividing by the local income.
By area, the outflow rate of capital in Busan was 17.1%, up 2.3%, compared with a 17.1% outflow rate in Ulsan, which represented a 4% increase from the year before.
Foreign Car Companies NOT Welcome to Busan Motor Show
Opposition is rising among the local community against the foreign car companies that are choosing not to attend the Busan Motor Show.
70 civil groups in Busan including the Busan Consumer Center of the Korean Federation of Housewives Club and the Busan Citizens Network for Saving the Economy, held a meeting in protest and called for the car companies to participate and not to think of the car show as only a marketing opportunity.
They stressed that the absence of foreign car companies was not a result of budget problems but instead showed their disregard for the citizens of Busan. The groups warned that if the companies did not reconsider they would launch an intensive boycott campaign.
Though most international motor shows are held by the car companies or associations, the Busan Motor Show is unusual in that it is organized by the local council in order to foster the local auto-parts industry and add to the city’s slate of festivals.
Busan to Increase business efforts with India
The city of Busan and the Small and Medium Business Corporation are going to dispatch trade ambassadors to the Indian cities of New Delhi and Mumbai.
The trade ambassadors consist of representatives from 12 countries and will hold an export consulting conference from March 13th to the 19th.
India is one of the most populous countries in the world and has a purchasing power ranked fourth, behind only the US, China, and Japan.
Renault Samsung Celebrate Native English Teacher at Shinho Elementary School in Busan
The Renault Samsung company held a ceremony to appoint a native teacher to be responsible for the English school in 신호 elementary school.
The program to support native teachers has been in operation for 4 years and is renewed annually based on approval by the principal.
The English school in 신호 elementary school includes a small “village” complete with a restaurant and supermarket.
The English classes make use of a variety of situational dramas and use a range of multi-media, including TV’s and computers, to teach English effectively.

1 Comment

Filed under Busan stuff, News

One response to “Busan News for Friday, March 12th, 2010

  1. good .. i like it !! 🙂 this is add to my knowledge

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