The Busan Port Authority (“BPA”) is pleased to join forces with the Busan-Jinhae Free Economic Zone Association (“BJFEZA”) and the Korea International Trade Association (“KITA”) to host the first Busan North American Investment Forum. It will be held on June 14, 2005 from 9:00AM-1:30PM at the Waldorf Astoria Hotel at 301 Park Ave. in New York City.

As the largest container port in North Asia and the center of Korean industry, Busan offers U.S. firms, project developers and financial professionals a wealth of attractive business and investment opportunities. Its competitive advantage rests on its strategic location as a major maritime hub, along with its extensive industrial infrastructure, superior educational system and highly-dedicated workforce. The creation of the Busan-Jinhae Free Economic Zone in March 2004 – a 25,000 acre complex that includes Busan New Port, the Busan Science and Industrial Park and a range of other facilities – also offers foreign corporations and investors a range of tax and other incentives. This further accentuates Busan’s attractiveness as a business and investment destination.

In addition, Busan, Korea’s second largest city, is a thriving and dynamic metropolitan center, surrounded by scenic mountains, rivers and sea. Possessing superb beaches and hot springs and ample sports and cultural facilities, Busan provides a high quality of life and cost of living that is significantly lower than many competing locations in the region.

We hope that you will join with us on June 14th so that we might tell you more about our city and how we can work together to maximize your business success.

Sincerely,



President, Busan Port Authority