BPA and Korea Maritime and Ocean University Sign Business Agreement for Regional Innovation Project

Cooperation for Supporting Technology Research and Commercialization in Smart Port Logistics

Busan Port Authority (BPA) signed a business agreement with Korea Maritime and Ocean University on the 5th to promote the 2024 ‘Regional Innovation System (RIS)’ project based on cooperation between local governments and universities.

The ‘Regional Innovation System (RIS)’ project is a government (Ministry of Education) and local government initiative aimed at building an innovative ecosystem for nurturing talent, creating jobs, and improving living conditions based on partnerships between local governments and universities. In Busan, 14 local universities, including Korea Maritime and Ocean University, are participating.

BPA is participating as the lead institution for the ‘O2O (Offline to Online) Port Logistics Enterprise Support Sandbox’ project in the ‘Smart Port Logistics’ sector, which is one of the four core fields of the regional innovation platform.

BPA will identify the needs of the region and businesses to discover new logistics technologies and regulatory sandbox items, and will conduct joint research with universities. In addition, BPA plans to build a network among academia, industry, government, and research institutes in the port logistics sector to share research outcomes with the local community and support commercialization.

The discovery of new logistics technologies and project development will proceed through a public application process, and detailed schedules will be announced on the BPA website in August.

Kang Junseok, President of BPA, said, “Busan Port will actively participate in establishing and revitalizing the regional innovation platform, and we will strive to contribute to accelerating innovation and smart transformation in the port logistics industry.”

Overall Overview of the Regional Innovation Platform Project.

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