Gwangyang Port Signs 50 Billion KRW Investment Agreement for West Side Hinterland Complex

Yeosu Gwangyang Port Authority Attracts Global Shipping Companies

80,000 TEU Cargo Volume · 100 Jobs Created

[Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik] Yeosu Gwangyang Port Authority (President Park Seong-hyun, YGPA) announced on the 21st that it has signed a 50 billion KRW investment agreement (MOU) with Gukyang Logitec Co., Ltd. in collaboration with the Yeosu Regional Maritime Affairs and Fisheries Office.

The signing ceremony held at the Gwangyang Port World Marine Center was attended by President Park Seong-hyun, Choi Jun-ho, CEO of Gukyang Logitec, representatives from Janggeum Shipping Co., Ltd., and officials from the Yeosu Regional Maritime Affairs and Fisheries Office.

At the 'Gwangyang Port West Side Hinterland Investment Agreement Signing Ceremony' held at the World Marine Center in Gwangyang Port on the 21st, Park Seong-hyun, President of Yeosu Gwangyang Port Authority (6th from the right in the front row in the photo), and Choi Jun-ho, CEO of Gukyang Logitec, among others, are taking a commemorative photo. [Photo by Yeosu Gwangyang Port Authority]

Gukyang Logitec is a logistics company funded by the national shipping company Janggeum Shipping, and plans to invest 50 billion KRW in the strategic reserved area of the western hinterland complex of Gwangyang Port.

This investment is expected to generate an annual cargo volume of 80,000 TEU and create 100 new jobs.

Additionally, the construction of a comprehensive logistics warehouse by a global shipping company in the western hinterland complex of Gwangyang Port is anticipated to contribute to the development of Gwangyang Port as an international logistics hub.

President Park Seong-hyun expressed gratitude to Gukyang Logitec for deciding on a large-scale investment in the Gwangyang Port hinterland despite difficult domestic and international economic conditions, stating, "We will do our best to provide administrative support to ensure the investment proceeds smoothly."

He added, "Going forward, we will actively promote investment attraction activities centered on the 4th Industrial Revolution new materials business and expand corporate support systems."

Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik hss79@asiae.co.kr