# Busan urban and industrial development initiatives > Live situation record from CLSTR: https://clstr.news/situations/busan-urban-and-industrial-development-initiatives > Updated: 2026-09-08T01:54:18.000Z. Sources: 4. Developments: 2. Busan is pursuing various urban development and industrial modernization initiatives. The city has begun restructuring industrial complexes in the West Busan region, including the Noksan National Industrial Complex and West Busan Smart Valley. This restructuring involves redesigning the occupancy system for the first time in 46 years to broaden eligible business sectors and transforming production zones into multifunctional spaces through the ‘Culture-Leading Industrial Complex’ project. Simultaneously, Busan is engaging in international urban development efforts through events such as the ‘2026 Busan Global City Week’ and the ‘Global Smart City Leadership Forum.’ These forums focus on maritime leadership, sustainable urban infrastructure, and digital transformation, aiming to strengthen cooperation with international partners like ASEAN and the Green Climate Fund. ## Timeline ### 2026-09-08: Busan hosts global forums on smart cities and maritime development Busan is hosting the 2026 Busan Global City Week and a Global Smart City Leadership Forum to discuss maritime development, urban sustainability, and international cooperation in smart city technology. 4 sources. https://clstr.news/cluster/busan-hosts-global-forums-on-smart-cities-and-maritime-development ### 2026-08-23: Busan City initiates restructuring of West Busan industrial complexes Busan Metropolitan City is restructuring West Busan industrial complexes, introducing smart factory support and redesigning occupancy systems to foster a culture-integrated industrial environment. 2 sources. https://clstr.news/cluster/busan-city-initiates-restructuring-of-west-busan-industrial-complexes --- Cite as: Busan urban and industrial development initiatives. CLSTR, https://clstr.news/situations/busan-urban-and-industrial-development-initiatives