Busan Port Authority Establishes 5-Year Mid- to Long-Term Strategic Goals ... Innovating Future Port Value, Enhancing Competitiveness

Busan Port Authority.

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Du-yeol] Busan Port Authority recently established strategic goals and tasks to be pursued from next year until 2027 to achieve its 2030 vision and management objectives.

The four strategic goals established this time are ▲Innovation of future port value ▲Strengthening port competitiveness ▲Activation of a sustainable port ecosystem ▲Advancement of a responsible management system.

Reflecting the new government's national agenda, past management achievements, and anticipated internal and external environmental changes, some of the previous strategic goals were revised and established.

The tasks to achieve these goals include 12 items such as ▲Advancement of smart port infrastructure ▲Safe Busan Port 365 days a year ▲Creation of high value-added hinterland complexes ▲Development of an international marine tourism hub through port regeneration ▲Expansion of overseas port logistics platforms ▲Support for private sector growth through collaboration.

BPA explained that in order to efficiently achieve the 2030 vision and management objectives, they adjusted the strategic goals and accordingly modified or rearranged some tasks.

The authority set the vision as "A global hub port company connecting the world" by 2030, with management objectives including a total cargo volume of 32 million TEU (transshipment volume of 17 million TEU), a 20% growth rate in port-related industries, the highest K-ESG rating, and an S grade in customer management index, planning to newly establish strategic goals and tasks every year.

On June 22, the 'BPA Management Innovation Task Force' was launched, expressing a strong commitment to improving management efficiency and Busan Port's global competitiveness, and also established mid- to long-term strategic directions and tasks.

Kang Jun-seok, President of BPA, said, “We will focus on strengthening Busan Port’s competitiveness through timely establishment of smart port infrastructure, early return to citizens of the North Port redevelopment area and support for Expo attraction, creation and operation of a global logistics platform linked to Busan Port, acceleration of eco-friendly port creation by strengthening fine dust and carbon emission reduction activities, and enhancement of financial soundness through public innovation.”

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