There are plenty of beautiful parks, the Tower, Temples, museums, Jagalchi Fish Market, etc. Have a look at the Busan travel guide. All of these are easily reached by subway and are do-it-yourself.
If you want, here's a recommended Walking Tour:
from Kamcheon-2Dong to Jagalchi Market
If you're good at Korean, see the email link below.
0. You'd better take Subway line 1 and get off Toseong-Dong. Get out of subway and take NO.2 bus going to GamJeong Elementary School. The bus runs every 6 to 12 minutes.
1. Take off GamJeong Elementary school. Now your walking tour will start!
There are lots of colorful houses. The village name is Taegeukdo. This village was established by who believed in Taegeuk(it's a kind of local new religious movement), but now most of the believers left.
2. walking down to 'grandpa tomb(it's a tomb of the Taegeuk founder)'.
3. ssamzi park
4. GamCheon-2Dong Office
5. wall paintings(painted by university students)
6. arbor with fine view
7. Amidong Catholic Church
8. Temporary Capital Museum : In Korean War period, Seoul was occupied by North Korea so Korean Government moved to Busan. This building was used as Presidential residence(1950~1953).
www.museum.busan.kr/monument/
9. Temporary Capital Government building : In Korean War Period this building was used as government building. Now it used as Dong-A University museum.
10. Daehan Record shop : It's very famous secondhand music record shop.
11. Bosudong secondhand Books alley
You can buy new or secondhand books here. More than 50 shops are running here.
www.bosubook.com/
12. Busan Modern History Museum
This building was used as the Busan Branch of the Oriental Development Company during the Japanese occupation and as the Busan USIS Cultural Center following the liberation of Korea. Since 2003, this building had been renovated and used as Busan Modern History Museum.
museum.busan.kr/modern/index.htm
13. several traditional Markets
Can Alley(it's not exact but I couldn't find proper word.), Kukje Market, etc.
14. Jagalchi Market
It's a really famous traditional fish market.
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Address: Busan center
Directions: Kamcheon-2Dong to Jagalchi Market
Website: www.hani.co.kr/arti/specialsection/esc_section/342233.htm