On June 22, Busan Bank announced that it held a signing ceremony for the 'Domestic Port Logistics Infrastructure Fund' at the Westin Chosun Hotel in Busan, in collaboration with the Korea Marine Transport Corporation, Shinhan Bank, Aegis Asset Management, and Shinhan Asset Management.
The fund aims to establish a sustainable growth foundation for domestic ports and logistics infrastructure while enhancing the country's logistics competitiveness.
The total fund size is 223.1 billion won, with the Korea Marine Transport Corporation, Busan Bank, and Shinhan Bank participating as joint investors. Aegis Asset Management and Shinhan Asset Management will jointly manage the fund.
Key investment targets include port terminals, hinterland areas, logistics centers, energy storage systems (ESS), and renewable energy infrastructure, all of which are core assets linked to the domestic port industry. The fund is set to have a lifespan of 15 years, with plans to create a long-term and stable investment structure to stimulate private investment.
No Hae-dong, head of the Marine/IB Group at Busan Bank, stated, "Port and logistics infrastructure are essential facilities supporting the regional economy and national supply chain competitiveness. We will continue to provide financial support to establish a sustainable growth foundation for the marine and logistics industries."
* This article has been translated by AI.
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