The government plans to invest 4.5 trillion KRW by 2030 to expand overseas public support logistics centers to 40 locations in order to secure global logistics hubs. Additionally, a full-cycle support system for logistics companies entering overseas markets will be established, and the functions and roles of port authorities and the Korea Ocean Business Corporation will be strengthened.
On the 16th, the Ministry of Oceans and Fisheries announced the ‘Global Logistics Supply Chain Hub Strategy’ at the Industrial Competitiveness Enhancement Ministers’ Meeting. This strategy aims to expand 40 overseas public support logistics bases, secure 10 overseas port terminals, and foster 3 of the top 50 global logistics companies by 2030.
The government plans to prioritize investment in storage and handling facilities such as warehouses and container yards in 11 key logistics hub countries. Additionally, a 1 trillion KRW global container terminal investment fund will be created in the short term to secure equity in overseas terminals and eventually obtain terminal operation rights.
The Ministry of Oceans and Fisheries will support the overseas expansion of logistics companies by providing market information, increasing the support limit for local feasibility studies and consulting, and expanding the global logistics supply chain investment fund. Furthermore, the ‘K-Logistics Task Force (TF)’ will be reorganized into a permanent operating system to address corporate difficulties.