![](https://www.coindesk.com/resizer/6JfBF-1_H73kG_2FpffB4TP211o=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/F4Q6HFL6PVBGFDXEQWH2POVTEM.jpg)
“The City of Busan is pleased to partner with Huobi to foster the growth of our blockchain ecosystem,” Heong-Joon Park, mayor of Busan, said in a prepared statement. “As a blockchain regulation-free zone, Busan offers a conducive environment to develop the latest digital financial technologies, which has attracted many blockchain companies from across the world.”