Development of Smart Logistics Center in Jinhae New Port Secondary Hinterland ... 157.2 Billion KRW Investment and 275 New Jobs Created

Gyeongsangnam-do is partnering with Changwon City, the Busanjinhae Free Economic Zone Authority, and two advanced logistics companies in the province to establish a smart logistics center in the hinterland of Jinhae New Port West Container Terminal.

On the 22nd, Gyeongnam Province held an investment agreement ceremony at the provincial government meeting room, focusing on an investment of 157.2 billion KRW and the creation of 275 new jobs to build a smart logistics center in the hinterland of Jinhae New Port West Container Terminal.

The ceremony was attended by Governor Park Wan-su, Jang Geum-yong, 1st Vice Mayor of Changwon City, Kim Ki-young, head of the Busanjinhae Free Economic Zone Authority, Noh Seung-hyun, CEO of LX Pantos Jinhae Eco Logistics Center, and Kim Do-young, CEO of DP World Busan Logistics Center.

An investment agreement with advanced logistics companies was signed for the establishment of a smart logistics center within the hinterland of the Jinhae New Port secondary container yard in Changwon City at the Gyeongnam Provincial Government Office's administrative meeting room.
[Photo by Gyeongnam Provincial Government Office]

LX Pantos Jinhae Eco Logistics Center plans to invest approximately 100 billion KRW to build a smart logistics center on a 125,720㎡ site in the hinterland of Jinhae New Port West Container Terminal by 2026, where semi-finished products will be processed and assembled for export, creating 188 new jobs.

DP World Busan Logistics Center will invest 57.2 billion KRW by 2027 to establish a smart logistics center on a 74,568㎡ site and create 87 new jobs.

Through this, they aim to secure export models to Europe and Central Asia and provide smart logistics services for agricultural products, automobiles, and industrial goods.

LX Pantos Jinhae Eco Logistics Center is a joint venture between LX Pantos Busan New Port Logistics Center, which operates logistics business in the hinterland of Busan New Port, and major domestic maritime transport service companies.

DP World Busan Logistics Center is a company established by DP World Group, a global port operator based in Dubai, United Arab Emirates (UAE).

Gyeongnam Governor Park Wan-su is expressing gratitude to the investing companies at the signing ceremony of the investment agreement with advanced logistics companies in the Changwon Jinhae New Port secondary container hinterland complex.
[Photo by Gyeongnam Provincial Government]

Gyeongnam Province plans to focus administrative efforts on retaining global companies so that Jinhae New Port can leap forward as a gateway for Northeast Asian logistics and a global logistics hub through this agreement.

Governor Park said, “I express my gratitude to the two companies that decided to invest,” and added, “We will do our best to support this investment agreement to yield good results together with Changwon City and the Free Economic Zone Authority.”

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