Korean Ports Status Report

Report Highlights:
As the world’s third-largest grain importer, Korea annually imported 13.4 million metric tons (MMT) of major grains and oilseeds on average for the past ten years (2002-2011), consisting of 8.5 MMT of corn, 3.7 MMT of wheat and 1.3 MMT of soybeans (Figure 1). Six major discharging ports handle most of the imported grains and oilseeds which are then distributed to feed and food processing industries located inland.

General Information:
1. Incheon Port
1. 1. Port
Development and proper management of port facilities, as well as specialization and increased efficiency in operating the port system, have contributed largely in supporting Incheon Port to become the most competitive facility for overseas trade. Located near the capital city of Seoul, it has been one of the most important sources of Korea’s fast economic growth. Incheon has transformed itself in running its business from a governmental organization to a corporation, in which it aims to become more goal-oriented and targets greater productivity and growth through the harbor. It works to develop Incheon Port into a core facility of North East Asia and confirms itself as a strong public sector in Korea.