BUSAN < invest Korea

When the North Pole Route—a shortcut that connects Europe with Asia—is developed in 2030, the distance from Busan to Europe and from Busan to North America will be reduced by 40% and 30%, respectively. In addition, Busan is the key starting point of the future Silk Road Express (SRX), a railway that will connect Busan with Europe through China and Russia. As such, this will enable Busan to grow from a logistics city in Northeastern Asia to the mecca of world logistics.

As of 2022, Busan Port is the world's 2nd busiest transshipment port and the world's No.7 container port, handling 76.6% of domestic container cargo. As such, Busan port is the largest port in Korea, and a global transshipment hub. It is a super port recording 21.91 million TEU of annual container throughput in 2022, and a Northeast Asia logistics hub connected with 500 ports around 150 countries through operation of over 179 weekly voyages. With the logistics center equipped with cutting-edge system in its hinterland that minimizes the lead time, Busan Port aims to become a global logistics hub capable of handling 31 million TEU by 2030.