Busan New Port Ungdong Backland, Dongbang Ungdong Logistics Center Opens

Dongbang Ungdong Logistics Center in the Ungdong Hinterland Complex of Busan New Port held its opening ceremony on the 27th.

Dongbang Ungdong Logistics Center was selected through an evaluation process for the acquisition of tenant facilities after the existing tenant of Phase 1, Stage 1 of the Ungdong Hinterland Complex wished to withdraw from the business due to internal circumstances.

The BPA and the Korea Ocean Business Corporation jointly held a briefing session in February to introduce a policy finance investment support program to logistics companies in the Busan New Port Hinterland Complex.

Dongbang Ungdong Logistics Center participated in the program and became the first company among the New Port Hinterland Complex tenants to receive approximately 20 billion KRW in policy finance support from the Korea Ocean Business Corporation.

The center plans to generate a cargo volume of 190,000 TEU by 2027 and create about 100 new jobs with four types of business models: ▲Domestic manufacturing hub type ▲Heavy cargo mixed type ▲Transshipment cargo relay type ▲E-Commerce fulfillment type.

The opening ceremony of the Dongbangwoong Logistics Center is currently underway.

Hong Seong-jun, BPA Vice President of Operations, said, “We expect the newly opened Dongbang Ungdong Logistics Center to contribute to the revitalization of the New Port Hinterland Complex and regional economic development through job creation,” adding, “Our corporation will also support the continuous growth of tenant companies through port infrastructure development and institutional improvements.”

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