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MARITIME CLUSTER NETWORKING
IN KOREA

Port

1. Public Sector Initiatives to be a Leading Innovative Logistics Hub

1)
Establish a new strongpoint at Busan New Port
2)
Expand port service facilities
3)
Dredging to widen and deepen seabeds so that it covers large vessels
4)
Developing port hinterlands with the private finance initiative (PFI)
Improve to Logistics Hub

2. Agglomeration Policy to be All-Inclusive Maritime Cluster Complex 

1)
Turn the reclaimed land at port of Gwangyang into industrial clusters
2)
Expand investments in an oil hub at the Ulsan port
3)
Carry out renovation projects for the ports of Gwangyang, Pohang, Ulsan and etc
4)
Make rearrangement of industrial functions at port hinterlands
Construct industrial cluster

3. Facilities to be Customer-Friendly & One-Stop Service-Oriented 

1)
Conduct port renovation projects
2)
Expand facilities for Cruise ships
3)
Improve conditions of small ports
Upgrade port facilities

4. Comprehensive approach to Maximize Pre-existing Endowments

1)
Expand private finance initiative (PFI) to develop port hinterland and service facilities
2)
Establish 'Korea NEDECO' in line with engineering/building companies, Korea Development Bank(KDB), the Export-Import Bank of Korea(KEXIM), Asian Development Bank(ADB) and Asian Infrastructure Investment Bank(AIIB)
3)
Expand investments to prevent any accidents and near-miss incidents
4)
Reform the related laws and guidelines
Make use of business opportunities