Foreign Investment Company 'AccessWorld Busan' Opens in Busan New Port Ungdong Backland Complex

Access World Busan, a foreign-invested company located in the Uldong hinterland complex of Busan New Port, held its opening ceremony on the 24th.

Access World Busan was selected in the Busan Port Authority's 2020 "Uldong Hinterland Complex Phase 1, 4th Tenant Recruitment Announcement" and invested a total of 19 billion KRW to build a 25,000㎡ logistics warehouse on a 50,000㎡ site.

Access World Busan is a foreign-invested company 100% funded by the Singaporean logistics company Access World Logistics (Singapore) Pte. Ltd. and receives a 50% rent reduction benefit for five years.

The opening ceremony of 'Access World Busan' is currently underway.

Utilizing the global network of the Access World Group and the characteristics of Busan New Port, it plans to generate an annual cargo volume of 40,000 TEU through business models such as electric vehicle battery raw material handling and lightweight automotive material raw material handling, creating approximately 80 jobs.

Hong Seong-jun, Vice President of Operations at Busan Port Authority, said, “We expect the newly opened Access World Busan to demonstrate excellent logistics network capabilities and contribute to new cargo volume and job creation at Busan New Port.” He added, “Our authority will actively support the hinterland complex tenant companies to create added value.”