Public-private cooperation for global port dominance opens

The Ministry of Oceans and Fisheries (Minister Kang Do-hyung) announced that it will hold the ‘2024 Overseas Port Development Regular Meeting’ at Lunamielle (CCMM Building) in Yeouido, Seoul on Tuesday, December 3.

The ‘Overseas Port Development Regular Council’ was launched in 2016 with the aim of sharing strategies and cooperating to promote domestic companies’ entry into overseas port markets. Since then, the council has been held annually to discuss public-private cooperation plans.

About 100 people, including officials from public institutions such as the Ministry of Oceans and Fisheries, Port Authority, Korea Ocean Business Corporation, and Export-Import Bank, as well as experts from private construction companies, design firms, and logistics companies, are expected to attend this meeting.

The council will discuss the outlook for the global port development market, focusing on investment plans for global terminals, following the introduction of the government’s ‘Overseas Port Market Entry Support Policy and Response Direction’. In addition, it will share plans to expand the Korean-style port export model (K-Consortium) to secure domestic companies’ overseas entry competitiveness and to provide customized financial package support.

Minister of Oceans and Fisheries Kang Do-hyung said, “Overseas port development is an important key to strengthening the global logistics network and providing a logistics foundation for our companies to enter overseas markets,” and added, “The government and the private sector will work together to support domestic companies so that they can preempt opportunities resulting from changes in the international situation, such as the reconstruction of Ukrainian ports.”

Editor. Hong Se-yeong