BJFEZ Authority Holds Seminar for Complex Logistics System Establishment

The Busan-Jinhae Free Economic Zone (BJFEZ) Authority held a seminar with a theme of “Complex Logistics System Establishment and BJFEZ’s Role” at Park Hyatt Busan on Feb. 22.

The seminar was to propose policies and discuss ways to serve as the role of a tri-port for sea, air and land transportation, which would come with an efficient link between the Busan New Port and the Gimhae New Airport.

The BJFEZ announced that it hosted the seminar to proactively respond to business environment changes at home and abroad by presenting its global logistics vision and establishing strategies in the rapidly changing circumstances such as the increase in traffic at the Busan New Port, the expansion plan of the Gimhae New Airport and the opening of the second road behind Busan New Port.

During the presentation on the Complex Logistics System Establishment and BJFEZ’s Role, Kim Yul-seong, professor from Korea Maritime and Ocean University, proposed “the realization of global seamless logistics system that connects ports, airports and railways” as a logistics vision of the BJFEZ.

In addition, he suggested the tri-port strategy for logistics, such as the operation of the Gimhae New Airport which is available around the clock, expansion of connected traffic networks and creation of large-scale airport logistics complex, as well as various high value-added business models connecting with related industries. In particular, he said the Gimhae New Airport and the airport hinterland should be designated as the free economic zone and attract global logistics companies in order to set up the complex logistics system.

Jin Yang-hyun, commissioner of the BJFEZ Authority, said in the opening speech, “The proposal that the Gimhae New Airport needs to be designated as the free economic zone to build the logistics Tri-port connection is timely and there should be follow-up discussions. We will strengthen our role as the free economic zone in a bid to upgrade the Korean logistics system to the next level based on numerous policy suggestions to establish the complex logistics system.”