Prestige and money: Why South Korea hopes to host the 2030 World Expo in Busan



Analysis Prestige and money: Why South Korea hopes to host the 2030 World Expo in Busan Second-largest Korean city could see major economic windfall, some claim, but faces steep competition from Riyadh James FretwellApril 20, 2023 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Fireworks in Busan, April 5, 2023 \| Image: Busan City Government South Korea is currently engaged in an extensive campaign to secure the opportunity to host the 2030 World Expo in the southern port city of Busan. However, the country might not be able to overcome stiff competition from Saudi Arabia. The World Expo, which first occurred in London’s Crystal Palace in 1851, serves as a platform for countries to showcase their achievements to the rest of the world. If successful in its bid, Busan plans to host the event from May 1 to Oct. 31, 2030. South Korea is eager to host the 2030 World Expo for two main reasons: © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. LATEST ANALYSIS 01Samsung, SK Hynix rejection exposes South Korea’s chip-grid financing problem 02Trump’s Cheongung social media post tests Seoul’s refusal to arm to Ukraine 03Lee Jae Myung risks public trust as South Korea rewires its justice system 04South Korea turns to Central Asia as Iran war tests its energy resilience 05Houthi seizure of Mokha sharpens South Korea’s Hormuz deployment dilemma 06Japan’s stronger yen may cut Korea’s import bill while raising funding costs 07South Korea leans on Europe as Hormuz deployment choices grow narrower 08Hanwha’s Austal bid shows where South Korea’s MASGA plan may be heading

Analysis

Prestige and money: Why South Korea hopes to host the 2030 World Expo in Busan

Second-largest Korean city could see major economic windfall, some claim, but faces steep competition from Riyadh

James FretwellApril 20, 2023

Prestige and money: Why South Korea hopes to host the 2030 World Expo in Busan

Fireworks in Busan, April 5, 2023 | Image: Busan City Government

South Korea is currently engaged in an extensive campaign to secure the opportunity to host the 2030 World Expo in the southern port city of Busan. However, the country might not be able to overcome stiff competition from Saudi Arabia.

The World Expo, which first occurred in London’s Crystal Palace in 1851, serves as a platform for countries to showcase their achievements to the rest of the world. If successful in its bid, Busan plans to host the event from May 1 to Oct. 31, 2030.

South Korea is eager to host the 2030 World Expo for two main reasons:

LATEST ANALYSIS

01Samsung, SK Hynix rejection exposes South Korea’s chip-grid financing problem
02Trump’s Cheongung social media post tests Seoul’s refusal to arm to Ukraine
03Lee Jae Myung risks public trust as South Korea rewires its justice system
04South Korea turns to Central Asia as Iran war tests its energy resilience
05Houthi seizure of Mokha sharpens South Korea’s Hormuz deployment dilemma
06Japan’s stronger yen may cut Korea’s import bill while raising funding costs
07South Korea leans on Europe as Hormuz deployment choices grow narrower
08Hanwha’s Austal bid shows where South Korea’s MASGA plan may be heading

Prestige and money: Why South Korea hopes to host the 2030 World Expo in Busan

LATEST ANALYSIS

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James Fretwell