BNK Busan Bank gives Busan city 200 million won for local festivals
In short
BNK Busan Bank (BNK부산은행) is donating 200 million won to Busan for local festivals, to be handed over at a city hall ceremony on 20 October. The money is meant for the Busan Fireworks Festival and other representative Busan festivals. The bank has supported local festivals since 2006, with 6.065 billion won in support through last year.
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BNK Busan Bank is giving 200 million won to support the development of local festivals in Busan, Newsis, Yonhap and Asia Economy reported on the morning of 20 October. The money is to be used for the successful holding and stronger competitiveness of representative Busan festivals, including the Busan Fireworks Festival. [ 1 , 2 , 3 ]
According to Newsis, the city of Busan is holding a ceremony titled the Busan local festival development donation ceremony at 5 pm on 20 October in the protocol room of city hall. Bank president Kim Seong-ju hands over the 200 million won at the ceremony. Yonhap said Mayor Jeon Jae-su, Kim and the festival organising committee's executive chair are to attend. Asia Economy said the city announced the event, held with the bank and the Busan festival organising committee. [ 1 , 2 , 3 ]
Asia Economy said the money will go to festivals run by the organising committee and named the Busan Mil Festival (부산밀페스티벌), the Busan Sea Festival, the Busan International Rock Festival and the Busan Fireworks Festival as recipients. Yonhap and Asia Economy added that the bank also takes part in this year's Fireworks Festival as an annual sponsor. [ 2 , 3 ]
The outlets reported that the bank has supported local festivals since 2006 and gave a total of 6.065 billion won through last year. Yonhap and Asia Economy described this as annual and individual sponsorship. Newsis and Asia Economy added that the bank also works with the local community on support for vulnerable groups, scholarships, financial education, and culture, arts and sports. [ 1 , 2 , 3 ]
Mayor Jeon Jae-su thanked the bank. In the version carried by Newsis and Yonhap, he said, "As a financial institution representing the region, I thank BNK Busan Bank, which steadily lends its strength to Busan's festivals and cultural development." Asia Economy quoted him as also saying the city would cooperate so that local festivals can grow into tourism content and add vitality to the region. [ 1 , 2 , 3 ]
Why it matters
The documents give no wider consequences. They present the donation as continued corporate support for Busan's festivals, which the mayor thanked the bank for.
Key facts
- BNK Busan Bank is donating 200 million won for the development of Busan local festivals. [ 1 , 2 , 3 ]
- The city of Busan is holding a ceremony for the donation at the city hall on the afternoon of 20 October; Newsis gives the time as 5 pm. [ 1 , 2 , 3 ]
- Bank president Kim Seong-ju (김성주) is to hand over the money; Busan Mayor Jeon Jae-su (전재수) is to attend. [ 1 , 2 , 3 ]
- The money is to go toward holding the Busan Fireworks Festival and other representative Busan festivals and strengthening their competitiveness. [ 1 , 2 , 3 ]
- The bank has supported local festivals since 2006, giving a total of 6.065 billion won through last year. [ 1 , 2 , 3 ]
- The bank is an annual sponsor of this year's Busan Fireworks Festival. [ 2 , 3 ]
Confirmed by several sources
- BNK Busan Bank is giving 200 million won to support Busan festivals such as the Busan Fireworks Festival. [ 1 , 2 , 3 ]
- The bank has supported local festivals since 2006, with a total of 6.065 billion won through last year. [ 1 , 2 , 3 ]
- The bank takes part in this year's Busan Fireworks Festival as an annual sponsor. [ 2 , 3 ]
Still unclear
- Whether the ceremony took place as planned. All three reports were published on the morning of 20 October, before the afternoon ceremony.
- Which festivals the money will go to beyond the Busan Fireworks Festival. Only Asia Economy lists the Busan Mil Festival, Busan Sea Festival and Busan International Rock Festival as recipients; the other reports say only representative Busan festivals such as the Fireworks Festival.