Busan authorities have submitted the fourth comprehensive plan for promoting the port industry, spanning 2026 to 2030, with ambitions to attract 7 trillion won in investments over the next five years. This initiative builds on the previous period’s success, where investments totaling 6.75 trillion won poured into sectors like construction, manufacturing, finance, services, and infrastructure.
Plan Overview
The plan addresses the port’s evolving role amid global trends and future demands. It outlines strategic policy directions and targets through 2030, emphasizing three core pillars to drive growth.
Key Strategic Pillars
Location-Based Industries
Efforts focus on expanding shipbuilding to major national shipyards and developing eco-friendly ventures. Leaders prioritize advanced manufacturing hubs and new industry ecosystems centered on shipbuilding and jetson facilities to foster sustainable growth.
Digital Transformation and Future Industries
The strategy accelerates digital integration across all port operations while nurturing emerging future-oriented businesses. This pillar aims to build robust leadership in innovative sectors through comprehensive industry upgrades.
Global Business Environment Strengthening
Initiatives enhance high-value ship networks, expand global partnerships, and establish international cooperation hubs to elevate competitiveness.
Investment Breakdown
Over the next five years, the plan projects total investments of 6.7469 trillion won, including 1.6724 trillion won from national funds, 1.1628 trillion won from city budgets, and 3.9117 trillion won from private sources.
Targeted Projects
Key projects advance shipbuilding with firms like Eco Blue Marine and Blue Carbon, focusing on ESG-compliant vessel production. These efforts position Busan as a prime site for advanced shipbuilding and large-scale manufacturing.
Mayor Park Hyung-joon stated, “Busan serves as a vital hub for major shipping giants, boasting substantial port capacity, business acumen, and infrastructure. This comprehensive plan will strengthen port-wide operations and growth, further solidifying our status as a premier global port hub.”
