ULSAN < invest Korea

The Ulsan Port Authority (UPA) announced Ulsan port’s new slogan and 2030 vision at the fiftieth anniversary of the port. The new slogan is Beyond Oil Hub, and 2030 vision is the world-class port with liquid transportation industry.

The new slogan and vision expresses the UPA’s determination to build the world’s best port beyond developing an oil hub in the Northeast Asia.

To be more specific, UPA aims to double the traffic of annual liquid cargos from 158 million tons a year to 300 million tons by 2030.

It also targets to enhance added values of the port to reach KRW 18.345 trillion from KRW 9 trillion.

The port’s capacity to store liquid cargos will be increased by three times from 21 million barrels to 65 million barrels.

UPA will announce the 2030 vision at Ulsan Port’s fiftieth anniversary tomorrow.

** This article was translated from the Korean.