Pohang Decides to Provide 473 Million Won in Incentives for Yeongilman Port

Yeongilman Port Competitiveness Enhancement Project Committee Convened

Measures to Revitalize the Yeongilman Port Container Terminal Discussed

Pohang City will provide a total of 473 million won in incentives to promote the utilization of Yeongilman Port.

On the 30th, the city held the "2026 First Yeongilman Port Competitiveness Enhancement Project Review Committee" in the city hall's small conference room and approved an agenda to support shipping companies, cargo owners, and international freight forwarders, based on cargo handling performance for the second half of 2025.

Provided by Pohang City

The beneficiaries of this support program total 43 companies, including 40 cargo owners who will receive 439 million won in usage promotion incentives.

Additionally, one shipping company will receive a 28 million won route extension support incentive, and two international freight forwarders will share a volume incentive totaling 6 million won. In total, 43 companies will be supported with incentives amounting to 473 million won.

The city expects that this incentive support will help ease the logistics cost burden for companies that have consistently utilized Yeongilman Port despite the global economic downturn and sluggish steel industry, while also contributing to strengthening the port's competitiveness.

During the committee meeting, discussions were also held on measures to vitalize the Yeongilman Port container terminal, alongside the incentive review.

Participants agreed to pursue various approaches, such as opening new routes and attracting global shipping companies, to respond to fluctuations in cargo volume caused by international instability.

Kim Jeongpyo, Director of Oceans and Fisheries, stated, "Although external conditions are challenging due to the global economic crisis and the strengthening of protectionism, we will respond with specialized strategies linked to Pohang's new industries such as secondary batteries and hydrogen, as well as by preparing for the era of Arctic routes. We will focus our policy capabilities to help Yeongilman Port grow into a key economic hub in the Pan-East Sea region."

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