BPA Revises Busanhang Hinterland Management Regulations... Administrative Procedure Improvements

Busan Port Hinterland Complex.

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Du-yeol] Busan Port Authority (BPA) recently partially amended the "Busan Port Type 1 Port Hinterland Management Regulations" to improve administrative procedures in the Busan New Port hinterland complex.

Logistics companies located in the Busan New Port hinterland complex must comply with various related laws and regulations, including the "Busan Port Type 1 Port Hinterland Management Regulations," the "Act on Designation and Operation of Free Trade Zones," and the "Type 1 Port Hinterland Management Guidelines."

However, some administrative procedures are specified in certain laws but were not included in BPA's own regulations, the "Busan Port Type 1 Port Hinterland Management Regulations," causing confusion.

Accordingly, BPA added key administrative procedures such as the disposal of facilities when a lease contract is terminated to the "Busan Port Type 1 Port Hinterland Management Regulations" to improve convenience for tenant companies.

Additionally, BPA established regulatory grounds to build a system for electronically sending and receiving various documents that tenant companies must submit to BPA and to manage them efficiently.

On November 9, the "Type 1 Port Hinterland Management Guidelines" were revised to reflect changes such as the expansion of support measures for overseas expansion companies returning to Korea (U-turn companies), and some conditions for changing small shareholders were relaxed to enhance the management autonomy of hinterland tenant companies.

A BPA official said, "We expect improvements in administrative procedures in the New Port hinterland through this regulation amendment and will continue to strive to enhance the convenience of tenant companies."

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