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 2024, Port of Busan, the world’s second-largest transshipment port and the seventh-largest container port, is the largest port in Korea with global transshipment competitiveness, handling 96.8% of the country's transshipment cargo and 76.6% of domestic container cargo. The Port of Busan is a super-port with an annual container cargo throughput of 24.4 million TEU and transshipment cargo of 13.5 million TEU. It serves as a logistics hub in Northeast Asia, connecting with over 500 ports in 150 countries worldwide through 179 regular weekly services. In April 2024, Busan port opened Korea’s first fully automated terminal , developing into a smart, decarbonized global hub.