President Lee Jae Myung speaks throughout a Cupboard assembly on the oceans ministry’s new constructing in Busan, Tuesday. Yonhap
President Lee Jae Myung pledged Tuesday assist to develop the southeastern port metropolis of Busan into a serious maritime and logistics hub following the relocation of the Ministry of Oceans and Fisheries to the town.
Lee made the remarks throughout a Cupboard assembly on the ministry’s new constructing in Busan, about 450 kilometers southeast of Seoul.
“The relocation of the oceans ministry will probably be an essential alternative for balanced regional growth and a brand new leap ahead for Busan,” Lee stated.
He added that the federal government would supply full fiscal and administrative assist to assist Busan develop into a number one industrial and logistics hub not just for South Korea, however for Northeast Asia as effectively.
To that finish, Lee stated the federal government plans to increase port amenities, promote excessive value-added providers, and assist the expansion of regional industries, with the purpose of positioning Busan and the broader southeastern area as a hub for the event of Arctic delivery routes.
The relocation got here after former Oceans Minister Chun Jae-soo resigned earlier this month over allegations that he acquired unlawful funds and luxurious items from the Unification Church.
Addressing the management vacuum at a vital time, Lee stated he would nominate a brand new minister, presumably from Busan.
