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FDI to Hinterland of Busan New Port Exceeds KRW 100 Bn.
Most of the companies are foreign-invested companies and about 90 foreign companies have invested in the port.
The cargo volume of the hinterland of the New Port has soared. The port has handled 1,280,000 TEU in 2014, a 40 percent increase year-on-year.
"In order to realize the high value added of the hinterland through attracting various blue-chip companies, which is the core strategy to revitalize the hinterland of the New Port, we will develop specialized industries, find new business models and provide better administrative support to the tenants,” BPA CEO Lim Ki-tack.
yulnetphoto@newsis.com
Source Text
Source: Newsis (March 10, 2015)
** This article was translated from the Korean.
Date
2015.03.18
Views
895
(BUSAN=NEWSIS) The Busan Port Authority (BPA) announced March 10 that the foreign direct investment (FDI) to the hinterland of the Busan New Port reached KRW 118.3 billion as of late December, 2014.
Most of the companies are foreign-invested companies and about 90 foreign companies have invested in the port.
The cargo volume of the hinterland of the New Port has soared. The port has handled 1,280,000 TEU in 2014, a 40 percent increase year-on-year.
"In order to realize the high value added of the hinterland through attracting various blue-chip companies, which is the core strategy to revitalize the hinterland of the New Port, we will develop specialized industries, find new business models and provide better administrative support to the tenants,” BPA CEO Lim Ki-tack.
yulnetphoto@newsis.com
Source Text
Source: Newsis (March 10, 2015)
** This article was translated from the Korean.