Pukyong National University

Pukyong National University Facilitates Global Market Entry for Busan’s Shipbuilding and Offshore Companies

？ KOSTEC Shipbuilding & Marine signs Letter of Intent with Philippines’ MEGASHIP BUILDERS INC.

？ Outcome of RISE Program’s “Global Project Acquisition Task Force” Support

Pukyong National University (President Bae Sang-hoon) hosted a Korea？Philippines Letter of Intent (LOI) signing ceremony on the afternoon of October 22 at Hall 4 of BEXCO Exhibition Center II in Busan.

At the ceremony, Busan-based shipbuilding company KOSTEC Shipbuilding & Marine and MEGASHIP BUILDERS INC. of the Philippines officially signed a Letter of Intent. This agreement marks a successful outcome of the Global Project Acquisition Task Force, operated by Pukyong National University as part of the Busan RISE (Regional Innovation System & Education) initiative.

Held as part of the 2025 Korea International Shipbuilding & Marine Exhibition (KORMARINE), the event was attended and celebrated by several notable figures including Ha Myung-shin, Vice President for External Affairs and Director of the RISE Project Group at Pukyong National University; Oh Eun-taek, Mayor of Nam-gu, Busan; and Lee Jeong-hwan, Chairman of the Korea Shipbuilding & Offshore Engineering Cooperative (KOSEC), alongside representatives from the Busan Marine Engineering Industry Association.

This agreement marks a tangible outcome of the Korea？Philippines Shipbuilding and Marine Mobility Cooperation Forum held in Cebu, the Philippines, this past September. At the time, Pukyong National University, the Nam-gu District Office, and KOSEC laid the groundwork for overseas contracts by building collaborative networks with the Philippine Navy and MARINA (Maritime Industry Authority), which has now materialized into this official LOI signed at the 2025 KORMARINE exhibition.

Following the LOI signing, Pukyong National University plans to strengthen the activities of its Global Project Acquisition Task Force, centered on specialized talent, to further support overseas expansion for resident companies at its Yongdang Campus such as KOSEC. The Nam-gu District Office of Busan also committed to bolstering the globalization of the region’s marine industry through expanded administrative support and international exchange.

Vice President Ha Myung-shin stated, “The combination of Busan’s marine industry expertise and Pukyong National University’s innovation capacity is providing practical support for local SMEs to enter the global market,” adding, “Through the RISE project, we will continue to actively support regional companies in expanding their global cooperation networks and pioneering new markets.” <Pukyong Today>