The strategy of Busan Port for Northeast Asia hub port

With the center of the world economy moving to Northeast Asia, areas including China, Northeast Asia areas are witnessing dynamic economic activities taking place together with the revitalization of exchanges. Accordingly, the logistics network and infrastructure are being expanded with the increase in demand for international logistics, and each country is going all out for developing their country into a logistics hub. Korea has also been promoting its own strategy for becoming a logistics hub in Northeast Asia areas centering on Busan Port, since the mid-1990s. Expansion of harbor logistics facilities centering on Shanghai Port and Shenzhen Port led by China, and promotion of the plan for super hub ports through the choice and concentration led by Japan are creating keen competition among the region. There is a limit to the competitive strength of a port, only through the external growth relying on simply the increase in port traffic; rather, it is necessary to create employment and added value by forming an organic network with its adjacent port distripark and back industrial complex and then by attracting global corporations into the port. The purpose of this study is to contribute Busan port to become a logistics hub of Northeast Asia.