Busan-Jinhae Free Economic Zone Authority Moves to Flesh Out Coffee Industry Business Model... Holds 2nd Meeting of Coffee Industry Working Committee

Designing a Step-by-Step Business Ecosystem
from Green Coffee Trading to K-Coffee Exports


Detailing an Integrated Industrial Model Linking
Manufacturing, Logistics, and Exports, and Identifying Regulations


Launching Full-Scale Efforts to Create High Added Value
in the Coffee Industry Based on Logistics Infrastructure

The Busan-Jinhae Free Economic Zone Authority has begun working to flesh out a coffee industry business model, using the Free Trade Zone as its base.

The Busan-Jinhae Free Economic Zone Authority (Commissioner Park Sungho) announced that on the 12th it held the "2nd Meeting of the Free Trade Zone Coffee Industry Business Model Working Committee" in the conference room of the Busan Customs New Port Office.

This meeting was a follow-up discussion to the Working Committee launched in November last year. It was organized to begin in earnest the implementation of an industrial model that links coffee manufacturing, logistics, and export within the Free Trade Zone. Participating in the committee are institutions from the industry, logistics, and customs clearance sectors, including the Free Economic Zone Authority, the Korea Maritime Institute (KMI), Busan Port Authority, the Korea Customs Service, and Busan Customs.

At the meeting, based on the business model proposed by KMI, participants discussed the step-by-step business structure that connects logistics, storage, and repackaging, a green coffee trading platform, OEM processing, and K-coffee branding, as well as how to apply this structure to the Free Trade Zone. They also addressed plans to create a smart coffee cluster that combines manufacturing and logistics functions and to build an export-oriented industrial ecosystem.

They also examined institutional difficulties faced by logistics companies in the Free Trade Zone when they engage concurrently in manufacturing businesses such as coffee roasting. Participants shared regulatory issues arising from business category codes, contract processing, and taxation and customs clearance standards, and explored possible improvements. The Free Economic Zone Authority presented a direction for institutional improvement through spatial separation and the establishment of phased standards.

Based on the results of the discussions, the Free Economic Zone Authority plans to work with relevant agencies to identify pilot application cases and to establish step-by-step operating standards. In the mid to long term, it will also consider designating a specialized coffee manufacturing zone within the Free Trade Zone.

Commissioner Park Sungho said, "The Busan-Jinhae Free Economic Zone is a location where we can realize high added value in the coffee industry, based on port and logistics infrastructure," adding, "We will resolve institutional difficulties on the ground so that existing logistics companies can expand their businesses and new investment can follow."

The second meeting of the Free Trade Zone Coffee Industry Business Model Working Group is underway.

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