Terminal operator DP World has announced a $50m investment to develop a new logistics centre in Busan New Port, strengthening the port’s position as a logistics hub for Northeast Asia and reinforcing the global standing of the wider Busan-Jinhae Free Economic Zone (BJFEZ).
Construction of the facility in the 75,000 sq m land is set to commence at the end of 2024, with operations expected to start by the second quarter of 2026. The DP World Busan Logistics Centre (BLC) will have capacity to process nearly 80,000 teu of cargo per year by 2028 and offer services such as assembly, processing, and packaging to local and regional customers.
Glen Hilton, CEO,, Asia Pacific, DP World, said: “The DP World Busan Logistics Centre will cement Busan New Port’s position as a key supply chain hub for Asia Pacific, and thus empower local and international businesses to seize the expanding opportunity in intra-Asia trade.”
DP World already has significant presence in South Korea. Through its subsidiary, Pusan Newport Company (PNC), it operates the largest terminal in the Port of Busan. In 2020, DP World also acquired a majority stake in UNICO Logistics, a Korean multimodal transport and rail specialist.