Korea Ocean Business Corporation Announces 2030 Vision... "Leading Future Ocean Finance"

Kim Yang-su President "Successful Maritime Reconstruction... Will Become a Leader in Maritime Finance"

The Korea Ocean Business Corporation (KOBC) held the 'KOBC 2030 Vision Declaration Ceremony' on the 19th at the Park Hyatt Busan. From the right in the photo: Kang Shin-ho, CEO of CJ Logistics; Kim Kyung-bae, President of HMM; Jung Tae-soon, Chairman of the Korea Shipping Association; Kim Yang-soo, President of the Korea Ocean Business Corporation; Song Sang-geun, Vice Minister of Oceans and Fisheries; Ahn Byung-gil, Member of the National Assembly; Ahn Jung-ho, CEO of Pan Ocean; Kim Jung-hoon, CEO of Hyundai Glovis. [Photo by Korea Ocean Business Corporation]

[Asia Economy Sejong=Reporter Lee Jun-hyung] Korea Ocean Business Corporation (KOBC) is significantly increasing the scale of financial support for the maritime industry. To this end, it is also promoting the expansion of KOBC's legal functions.

KOBC announced that it held the '2030 Vision Declaration Ceremony' on the 19th at the Park Hyatt in Busan. The vision declaration ceremony was held to commemorate the 4th anniversary of KOBC's founding. The event was attended by KOBC President Kim Yang-su, Deputy Minister of Oceans and Fisheries Song Sang-geun, People Power Party member Ahn Byung-gil, and Korea Shipping Association Chairman Jung Tae-soon, among others.

On this day, President Kim presented a plan to expand KOBC's financial support scale. KOBC was established in 2018 following the bankruptcy of Hanjin Shipping in 2017 and has supplied approximately 1 trillion KRW annually in new financing to the shipping industry until recently. KOBC plans to expand its financial support targets to terminals and logistics facilities and continuously support the expansion of the national fleet, including shipowner businesses. To ensure smooth financial support, KOBC will simultaneously promote the expansion of its legal functions and the management of financial soundness.

President Kim also proposed another vision as a 'Shipping Information Think Tank.' The plan is to develop into an integrated shipping information institution by expanding the market information and vessel valuation services provided by KOBC's Smart Shipping Information Center. The corporation plans to find policy implications through the accumulation, integration, and statistical analysis of port logistics information and open this data to the private sector.

Support to strengthen the maritime industry innovation ecosystem will also be increased. President Kim presented two support measures for the innovation ecosystem: establishing a comprehensive response system for environmental regulations and supporting digital transformation.

President Kim said, "The shipping industry has overcome the crisis through the successful implementation of the five-year shipping reconstruction plan," adding, "Rather than being intoxicated with a sense of achievement, we have prepared a development strategy for new challenges." He added, "KOBC will become a global leader in maritime finance by 2030 and will do its utmost to help the domestic maritime industry grow into a global maritime industry leader."

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