Incheon Bukhang Hinterland Operation Start Rate 57%... Development of Wood Specialty Cluster

Incheon Bukhang Hinterland Complex Panorama

[Asia Economy Reporter Park Hyesook] Incheon Port Authority (IPA) announced on the 16th that more than 50% of the companies in the northern hinterland complex of Incheon North Port have started operations.

In 2020, IPA developed a site of 172,523㎡ here and attracted seven wood-specialized companies to foster it as a wood-specialized cluster.

Among the resident companies, starting with C-Mac Co., Ltd. in March, Woodbank Co., Ltd., Namuwa Namu Co., Ltd., and Udin Co., Ltd. have successively begun operations, achieving an operational start rate of 57% in the northern hinterland complex of North Port.

These resident companies are wood-specialized firms planning to process and distribute imported wood through Incheon North Port into plywood, construction, and interior materials.

The remaining three resident companies, Yeongrim Mokjae Co., Ltd., Taeshin Co., Ltd., and Hansong Wood Co., Ltd., will begin operations in the second half of this year.

IPA expects that upon the full opening of the northern hinterland complex of North Port, there will be a long-term creation effect of 66,963 TEU in cargo volume and 1,371 jobs.

Also, when the road between Cheongna District and North Port (Da1-17 Line), scheduled for completion by the end of next year, opens, the northern hinterland complex of North Port will be connected in a straight line with the southern side currently in operation.

This will improve accessibility between zones, making the logistics flow within the North Port hinterland complex smoother.

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