The current southern port city is working on redeveloping North Port City in phases to host the event.
PETALING JAYA: The 2030 World Expo in Busan is expected to generate a 61 trillion won (US$42.5bil or RM201bil) economic impact for South Korea and propel its second-largest city to become a global hub across multiple sectors.
Busan Metropolitan City’s overseas expo outreach division director Lee Seung Woo said the World Expo host, expected to be announced in November 2023, will also indirectly create jobs for locals and attract investment opportunities from abroad.
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