The Gwangbok-dong community regularly promotes the Gwangbok-no Street Saturday Event and the Gwangbok-no Festival.
An inventive statue named the City Spot stands in front of the former Mihwadan Department, symbolizing Busan citizens' commitment to the new millennium fashion. The Busan community has produced a copper plate bearing the messages sent from the mayors of 22 different cities from 19 friendly nations around the world. These messages congratulate the citizens for the progressive image of Busan on the occasion of the dawning of the new century.

The Junggu community has undertaken a series of projects to be designated by the Central Government as eligible for governmental support for the renovation of the Gwangbok-no Street. The goal is to make the street revolve around a theme that is appropriate to the new millennium. The projects include the renovation plan to establish a commercial district covering the entire areas of Gwangbok-dong, inclusive of Mt. Yongdu Park and the PIFF Plaza, connecting to the International Market. The projects also include hosting various events on a regular basis in order to transform the area into a cultural attraction for the younger market.