BPA Continues Operation of 'System Improvement TF' to Revitalize New Port Hinterland Complex

Unnecessary Regulation and On-Site Difficulties Identified, Revision of Type 1 Backside Complex Management Regulations Scheduled for First Half of the Year

Busan Port Authority (BPA, President Kang Jun-seok) decided to continue operating the "Task Force for Institutional Improvement to Revitalize Additional Logistics in the Busan New Port Hinterland Complex" and held the first meeting of 2024 on the 31st.

First Meeting of the Task Force for System Improvement to Revitalize the New Port Hinterland Complex.

Established in July 2022, the institutional improvement TF consists of 16 members including tenants of the hinterland complex, Busan Customs, Busan-Jinhae Free Economic Zone Authority, and BPA officials. To listen to the difficulties faced by tenant companies and identify and resolve regulations, regular meetings are held on the last Wednesday of every month.

At the first institutional improvement TF meeting of 2024 held today, BPA guided that if any unreasonable regulatory provisions are identified in the "Busan Port Type 1 Hinterland Complex Management Regulations" affecting tenant companies, proposals for amendments can be made at any time.

Particular focus was given to discussions on the selection criteria for tenant companies to attract excellent enterprises and the evaluation items for business performance of tenant companies in the hinterland complex. Time was also allocated to listen to opinions on other matters for which companies operating in the hinterland complex hope for institutional improvements.

BPA plans to consult with related organizations and resolve issues raised by the institutional improvement TF within the year if the need for improvement is confirmed.

Last year, the institutional improvement TF revised the Busan Port Type 1 Hinterland Complex Management Regulations after consultation with the Ministry of Oceans and Fisheries, by preparing specific approval requirements to allow exceeding the existing maximum rental area limit (150,000㎡) for tenant companies. This was in response to industry criticism that the limit hindered the entry of excellent large logistics companies and the creation of new business activities by existing companies.

Hong Sung-joon, BPA’s Executive Vice President of Operations, said, “Through the institutional improvement TF, we have directly listened to the voices of tenant companies in the hinterland complex and worked to resolve their difficulties, and the results are gradually appearing. We will continue to eliminate unreasonable regulations so that tenant companies in the New Port hinterland complex can operate their businesses smoothly.”

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