Busan New Port Ungdong Hinterland Complex, New Logistics Warehouse Completed After 5 Years

Two new logistics warehouses have been completed in the Ungdong hinterland area of Busan New Port.

The newly completed logistics warehouses are those of DWL Global and Access World Busan, selected among three companies announced in 2020 by Busan Port Authority (BPA) for the 4th phase of the 1st stage tenant recruitment in the Ungdong hinterland area.

This is the first new construction since the logistics warehouses of the 3rd phase tenants in the 1st stage of the Ungdong hinterland area were completed in the second half of 2017, about five years ago.

DWEL Global Logistics Center.

DWL Global invested approximately 37 billion KRW in total project costs to build a 40,000㎡ logistics warehouse on an 80,000㎡ site leased from BPA in the Ungdong hinterland area, and held a completion ceremony on March 28, 2023.

Access World Busan invested approximately 19 billion KRW in total project costs to build a 25,000㎡ logistics warehouse on a 50,000㎡ site, and obtained building use approval from the Busan Regional Maritime Affairs and Fisheries Office in February 2023. The commemorative event is scheduled to be held between April and May.

With the opening of Dongwon Loex Refrigerated Logistics Warehouse, a total of 69 logistics and manufacturing facilities operated by companies will be running in the Buk‘Con’ hinterland area of Busan New Port and the Ungdong hinterland area, making it the largest scale among domestic port hinterland complexes.

Hong Seong-jun, Head of Operations at BPA, said, “As the scale of the Busan New Port hinterland area gradually expands, the responsibility and role of our authority are becoming more important,” and added, “We will continue to strive for institutional improvements and communication to grow together with tenant companies.”

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