To Enhance Competitiveness of Ulsan New Port... BNK Busan Bank Conducts 'Multilateral Business Agreement'

Representatives from BNK Busan Bank, Korea Ocean Business Corporation, Dongbang, and UNCT are taking a group commemorative photo after a multilateral business agreement.

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Duyul] BNK Busan Bank and Korea Ocean Business Corporation have joined hands to secure competitiveness in the shipping logistics industry, activate private-led investment, and support the establishment of smart ports.

On the 13th, Busan Bank signed a "Multilateral Business Agreement for the Stable Operation of the Ulsan New Port Private Investment Facility Project" with Korea Ocean Business Corporation, Dongbang, and UNCT at the Ulsan New Port Container Terminal.

The Ulsan New Port Container Terminal handled 314,000 TEUs of container cargo in 2021, and Busan Bank and Korea Ocean Business Corporation have decided to jointly provide financial support to strengthen the business competitiveness of Ulsan New Port.

Busan Bank is currently expanding the scope of its Marine Investment Finance Department within the Investment Banking Division from domestic real estate, SOC, and equity investment-centered IB business to domestic and international port infrastructure projects.

Son Daejin, Head of the Investment Finance Group at Busan Bank, said, "We hope this multilateral business agreement will be an opportunity to further strengthen the competitiveness of port logistics infrastructure in the Busan, Ulsan, and Gyeongnam regions," adding, "We will continue to cooperate to help expand the competitiveness of domestic port logistics companies."

In June, Busan Bank signed an agreement with Korea Ocean Business Corporation to jointly support domestic and international port logistics infrastructure projects and is discovering targets for port infrastructure investment cooperation, starting with major domestic hub ports.

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