Busan Port Authority, backed by South Korea’s Ministry of Oceans and Fisheries, has launched the country’s first pilot project to automate and digitally transform logistics in the port’s hinterland, subsidizing AI, IoT and integrated platforms for five resident companies.
Busan Port Authority has announced a pilot project to drive “smart logistics” in the hinterland of Busan New Port. Supported by the Ministry of Oceans and Fisheries, the program allocates about KRW 105 billion in national funding to co-finance the deployment of artificial intelligence, automation, integrated platforms and Internet of Things (IoT) technologies in logistics equipment and systems. The authority plans to select five resident companies—three small enterprises and two innovation-focused firms—that will receive up to 70% state support for the cost of digitalizing and automating their logistics operations between 2026 and 2028.
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