Busan Port grows slowly in 2008

In spite of the global economic slowdown, Busan Port handled 13.42 million TEU, a 1.2 % increase from the previous year, 2008, continuing its growth trend for 5 consecutive years amid fierce competition among ports in North East Asia.

It is said that the BPA’s success was in part thanks to the joint efforts between BPA and terminal operators to expand cargo handling facilities and the various incentives provided for operators to attract more cargoes.

Progressive marketing activities and boosted customer satisfaction are regarded as contributors to Busan Port’s raised international competitiveness and cargo growth.

Thanks to the steady cargo growth, BPA has marked surpluses for the 5 consecutive years since it was established in 2004: KRW 8 billion in 2004, KRW 10.4 billion in 2005, KRW 21.1 billion in 2006, KRW 38.5 billion in 2007 and KRW 34.6 billion (estimated) in 2008.