Pohang City Holds Review Committee Meeting for Competitiveness Enhancement Project to Revitalize Yeongilman Port

57 Shipping Companies Using Ports in the Second Half of Last Year

Deliberation on Incentive Support of 450 Million KRW

On the 8th, Pohang City held the '2023 1st Pohang Yeongilman Port Competitiveness Enhancement Project Deliberation Committee' chaired by Vice Mayor Kim Nam-il to revitalize Yeongilman Port.

On the 8th, Pohang City held the "1st Pohang Yeongilman Port Competitiveness Enhancement Project Deliberation Committee Meeting of the Year," chaired by Vice Mayor Kim Nam-il.

At the deliberation committee meeting, an agenda was presented to support incentives for cargo owners and international logistics forwarders who used Yeongilman Port in the second half of last year. Through deliberation, incentive support totaling 450 million KRW was reviewed and approved for 57 companies, including 390 million KRW in usage encouragement funds for 52 cargo owners and 28 million KRW in volume incentives for international logistics forwarders.

Yeongilman Port experienced a significant decrease in cargo volume last year due to the prolonged COVID-19 pandemic, the Russia-Ukraine war, and Typhoon Hinnamnor. In response, the city is exploring various methods to secure alternative cargo volumes, such as attracting used car export cargo, expanding cargo volume for wood pellets used for power generation, and promoting the establishment of a coastal route between Pohang and Busan.

Vice Mayor Kim Nam-il stated, “The cargo volume handled at Yeongilman Port is fluctuating due to international circumstances, making it a challenging time, but we expect new and positive changes. We will strive to create new cargo volumes and revitalize the port with the belief that each container is directly linked to jobs.”

Incentives for using Yeongilman Port are applied for semiannually, with the application period for the first half’s usage performance until July 31, and for the second half’s usage performance until January 31 of the following year. Detailed information can be found in the announcements section on the Pohang City website.

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