Relaxation of Eligibility for Incheon Port Hinterland Complex and Introduction of Specialized Zones... Accelerating Corporate Attraction

Current Status Map of Incheon Port [Provided by Incheon Port Authority]

[Asia Economy Reporter Park Hyesook] With the easing of various regulations such as the relaxation of tenant requirements for companies entering the Incheon Port hinterland complex, it is expected that attracting companies will gain momentum.

Incheon Port Authority announced on the 6th that it has revised the "Incheon Port Type 1 Hinterland Complex Management Regulations," which mainly include easing tenant qualifications and selection criteria for companies in the port hinterland complex and introducing a port-specialized zone.

The authority lowered the export-import ratio relative to sales from 30% to 20% among manufacturing tenant qualifications to increase the attraction of complex logistics companies with manufacturing and processing functions that have high added value and job creation effects. In addition, the selection criteria for companies entering the complex were lowered from a business plan evaluation score of 70 or higher to 60 or higher.

Through this, it is expected that the opportunity for small and medium-sized complex logistics companies that had excellent business models but were previously disqualified due to unmet tenant qualifications or insufficient scores will be expanded.

The authority will also introduce the "Port Specialized Zone" system to maximize synergy through the agglomeration of similar industries and to create a high value-added hinterland complex.

Accordingly, it is anticipated that, in addition to the existing open competitive bidding, the participation of global logistics companies involving large-scale investments will be facilitated by utilizing private business proposal methods.

Furthermore, to ensure systematic and fair leasing and management of the port hinterland complex, a standard lease contract has been introduced, and the rent payment method has been improved to allow installment payments instead of paying one year in advance. Regulations such as a 2% rent discount for annual payment and relaxation of administrative procedure completion timing have also been revised.

Choi Junwook, President of Incheon Port Authority, stated, "We revised the port hinterland complex management regulations by reflecting various opinions from logistics sites and experts," and added, "We will continue to do our best to strengthen logistics competitiveness through active deregulation."

Meanwhile, Incheon Port Authority has been supplying new hinterland complexes since 2018 to resolve the shortage of logistics sites at Incheon Port. In June, the northern port north side hinterland complex (174,000㎡) and the New Port hinterland complex (660,000㎡) will be completed, and in December, the Aam Logistics Complex 2 (566,000㎡) site is expected to be completed.

Accordingly, from the first half of the year, the selection of tenant companies for the northern port north side hinterland complex (126,000㎡), remaining complex logistics sites in the New Port hinterland complex (75,000㎡), and complex logistics sites in Aam Logistics Complex 2 (83,000㎡) will be carried out sequentially.

The specialized zones, New Port Cold Chain Cluster (231,000㎡) and Aam Logistics Complex 2 E-commerce Cluster (172,000㎡), will attract global companies through private business proposal methods as soon as the Ministry of Oceans and Fisheries completes the designation procedures for the specialized zones.

This content was produced with the assistance of AI translation services.