BPA and KOSME Join Forces... Logistics Support Agreement for Export SMEs

Busan Port Authority (BPA) and Korea SMEs and Startups Agency (KOSME) have joined forces to support overseas logistics.

On May 14, BPA announced that it had signed a business agreement with KOSME at its headquarters and would cooperate to reduce the logistics burden on export-oriented small and medium-sized enterprises (SMEs) and support their overseas expansion.

The two organizations plan to collaborate in various areas, including: jointly promoting export support programs for companies located in domestic and overseas logistics centers; developing new businesses based on BPA's overseas logistics hubs; expanding the global logistics network; identifying on-site challenges and improving related systems; and exchanging logistics professionals.

BPA currently operates logistics centers in Rotterdam, Netherlands; Barcelona, Spain; Probolinggo, Indonesia; and the hinterlands of the ports of Los Angeles and Long Beach in the United States. It provides domestic SMEs with rental fees lower than market rates, as well as value-added services such as customs clearance and transportation.

Song Sangkeun, President of BPA, said, "Our aim is to help SMEs establish a stable foundation for exports in response to the rapidly changing trade environment," adding, "We will continue to expand our global logistics infrastructure to help SMEs pioneer overseas markets and strengthen their logistics competitiveness."

Busan Port Authority and Korea SMEs and Startups Agency are taking a commemorative photo after signing an agreement on supporting logistics for small and medium-sized enterprises.