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SOC development business

For the purpose of logistics business expansion, we made an inroad into SOC development business.

The background rationale of entering into SOC business is that, with strategic use of the facilities with logistics infrastructures developed through SOC projects, we believe we could facilitate more efficient business expansion to enhance our logistics capabilities for future growth.

Currently, with mandates from government, we are engaged in 2 development projects at Pyeongtaek Port area where is highly evaluated to have a great potential for future growth in logistics business with the benefit of its outstanding geographical advantages. The first one is a development business to buildup a general bulk cargo port scaled of 2 berths for 30,000DWT and the second is port hinterland development.

For the portdevelopment project, it is the first case for government to allow the private sector to develop a bulk cargo port through BTO(Build-Transfer-Operate) type. In October 2015, officially selected by government as a developer, we are taking steps to carry out the project with a goal of launching the new port in 2020.

As for the port hinterland developmentexpected to be completed in 2021, we obtained a government’s approval in August 2016 to create land of 1,133,997m2 by reclamation of seashore for use of logistics and manufacturing facilities as type 1 port hinterland.

SOC development business
PIC
Cho won jin (Team Manager)
Tel
82-2-5510
Mail