Busan is good

Int'l distribution center catering to ships to be established in Busan

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The Ministry of Maritime Affairs and Fisheries said on Thursday (Dec. 29) that an international distribution center catering to ships will be established at Namhang (south port) in Busan.

The ministry said the International Ship Supplies Distribution Center would drastically improve the distribution system of ship supplies and develop Busan port as a hub of ship supplies in Northeast Asia.

The planned center with a 49,500 square meter floor space on a 17,800 square meter plot will be built on a site, where the Korea Institute of Maritime and Fisheries Technology and other fisheries-related organizations are located.

The ministry hopes the center's establishment will create economic effect worth 1.71 billion won a year in the form of reduced cost and prices as well as job creation.

The source of news : Korea.net  December 29, 2005