BUSAN < invest Korea

According to Yonhap News,

Busan-Jinhae Free Economic Zone Authority (FEZA) has decided to work together with Busan Port Authority (BPA) to invest in complex within port hinterland and attract businesses to do operation in the complex.

Both of them announced that they had concluded MOU at the conference room of BPA on joint investment and marketing for the complex.

The agreement is designed to improve logistics system of the complex to attract global logistics enterprises and provide high value-added logistics service that can create new container shipment.

The two authorities will be engaged in co-hosting of overseas investment fair, joint development and utilization of logistics business models and promotion brochures and supporting enterprises that occupy the complex in port hinterland to address problems.

Amid the rapidly changing global environment with the conclusion of Korea-U.S. FTA and Korea-EU FTA, the agreement is expected to vitalize global corporate investment in the complex.

Ha Nyeong-geun, head of Busan-Jinhae FEZA said, "The agreement will enable us to increase high added value of the complex with global corporate investment and establish the worldwide logistics business hub. We will spare no efforts to achieve the goal."

Source Text

Source: Yonhap News (Jan. 25, 2012)

** This is an English translation of a Korean news article.