Korea Ocean Business Corporation (KOBC) held a session to explain its business plan for the year 2022 at Kensington Hotel in Yeouido, Seoul, on Jan. 27.
The session took place for the first time in two years after being put on hold due to the spread of the COVID-19 pandemic.
The session attracted keen interest from each shipping company personnel who finished advance registration, but a minimum number of people were allowed to participate due to a recent resurgence of infected persons.
Each head of the Maritime Finance I Department, the Maritime Finance II Department, the Corporate Planning & Management Division and the Maritime Industry Information Center presented a report on each business before a Q&A session took place among participants.
In his opening speech, KOBC President Kim Yang-soo said, “I express hope the maritime industry will advance investments to cope with outside environment changes and secure future competitiveness, and in order to prop up this, we have an opportunity in which each business chief explains major tasks for this year to customer companies and lends an ear to their views.”
In particular, KOBC presented this year’s major tasks, such as the implementing shipowners’ business, introducing a tax lease system and expanding businesses related to ports, strengthening support to SME shipping companies, and introducing and spreading of ESG management.
Chung Young-doo, chief of the Maritime Industry Information Center, was the first speaker.
He discussed causes related to changes of dry bulk shipping, crude oil shipping and container shipping markets and their outlooks.
Chung said KOBC will continue support market predictability and promote crisis management.
Yoon Sang-ho, head of the Corporate Planning & Management Division, presented the current status of KOBC and how to implement businesses.
He said KOBC had financed 6,916.9 billion won for 98 companies since the corporation was established.
Yoon said KOBC plans to implement projects costing 1,004.3 billion won this year, to become a maritime industry leader through national flag carriers’ restoration of competitiveness. He called for the maritime industry’s active participation.
Lee Jin-gyun, chief of the Maritime Finance I Department, talked about this year's major businesses such as the implementing of a Korean tax lease model, financial support for container ships and container boxes, investing in ports and logistics facilities, and certifying of excellent shipping companies and shippers, and supporting transition to eco-friendly ships.
Sung Nak-joo, chief of the Maritime Finance II Department, presented plans, such as ramping up financial support to shipping companies who introduce eco-friendly ships, boosting new guarantee businesses, a support program to overcome hardships caused by the pandemic, strengthening support for SME shipping companies, and laying shipowners’ business infrastructure. He also introduced a program to raise customer companies’ satisfaction.
Finally, participants had a Q&A session about topics such as shipowners’ business and a tax lease system. Some participants made recommendations, including the need to offer financial support to old container boxes, offering financial support to ships being built at foreign shipyards and the extending of corporate tax exemption related to a tonnage tax system.
As the IMO’s restrictions for decarbonization is further reinforced and maritime financial is focusing on eco-friendliness, President Kim said KOBC will implement ESG management.
KOBC will support the maritime industry’s introducing ESG management to achieve its carbon neutrality while expanding orders to build eco-friendly ships and install eco-friendly facilities.
KOBC Holds Port and Logistics Business Explanation Session for 2022 H1
Korea Ocean Business Corporation held a port and logistics business explanation session for the first half of 2022 at the FKI building in Yeouido, Seoul, on March 11.
The event served as an opportunity to promote communications with Korean port and logistics companies.
Forty-five people from 30 companies, including stevedoring companies, logistics firms, shipping companies and port authorities, participated in the session.
Industry experts from Korea Maritime Institute, KTB Asset Management and Leading Asset Management spoke of each session’s topics.
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