Busan Port Authority Launches Financial Council of Four Major Port Authorities... Holds First Meeting

Busan Port Authority (BPA, President Song Sangkeun) has launched the 'Port Authority Financial Council' to share financial issues among the four major port authorities and explore cooperation measures. The first meeting was held at Busan Port Authority over two days, on September 4 and 5.

Busan Port Authority is holding a financial council meeting and taking a commemorative photo. Photo by Busan Port Authority

원본보기 아이콘

This council includes the heads of financial departments and about 10 staff members from the four major port authorities: Busan, Incheon, Ulsan, and Yeosu Gwangyang. Going forward, meetings will be held every half-year or as needed to share each authority's financial issues and develop joint response strategies.

The main agenda of the first meeting was tax issues related to port facility construction projects, which are commonly undertaken by all port authorities.

Song Sangkeun, President of Busan Port Authority, emphasized, "Ensuring the financial soundness of port authorities is a key factor in supporting the stability and sustainability of the national logistics infrastructure," and added, "Through this council, we will strengthen cooperation among port authorities and establish a systematic financial management system."

The council meetings will be hosted in rotation by the four port authorities, and the second meeting is scheduled to be held in Incheon.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.