Busan Port Authority Pursues Mutual Growth with Partner Companies

Efforts for Mutual Growth
Including Priority Purchase of Products Made by Persons with Severe Disabilities and Price Fluctuation Adjustments

Busan Port Authority (BPA, President Song Sanggeun) held a training session on the priority purchase of products made by persons with severe disabilities and price fluctuation, as well as a mutual growth meeting with partner companies, on September 3 in the main auditorium on the second floor of its headquarters.

Mutual Growth Meeting with Partner Companies. Provided by BPA

This event was part of the '2025 BPA ESG·Innovation WEEK,' which runs for a week from September 1 to 5, and consisted of training sessions for BPA internal staff and a communication meeting with representatives from partner companies.

First, BPA invited experts from the Korea Disabled People’s Development Institute and the Korea Economic Development Institute to conduct separate training sessions on 'priority purchase of products made by persons with severe disabilities' and 'price fluctuation.'

Products made by persons with severe disabilities are items that public institutions are required to purchase at least 1.1% of their total annual procurement amount, according to the Special Act on Priority Purchase of Products Made by Persons with Severe Disabilities. The price fluctuation system, based on the Enforcement Decree of the National Contract Act, allows contract amounts to be adjusted after signing to reflect changes in prices, thereby ensuring appropriate profits for partner companies.

Following the training, BPA held a meeting for partner companies in the construction, service, and goods sectors, where it introduced the priority purchase system, electronic payment systems such as mutual growth payment, and BPA’s human rights management policy. BPA requested the cooperation of companies to foster a safe work environment and a culture of integrity in contracts, while also announcing plans to identify and address the difficulties faced by partner companies through surveys.

The priority purchase system requires public institutions to purchase a certain percentage of their total procurement from socially disadvantaged enterprises to help them expand their market access. The mutual growth payment system ensures that payments to both primary and subcontractors are made directly by the ordering party, guaranteeing payment to secondary and lower-tier companies.

Song Sanggeun, President of Busan Port Authority, emphasized, "Through continuous communication with our partner companies, we will strive to ensure that the culture of mutual growth, safety, and integrity takes firm root at Busan Port."

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