Korea's Logistics Hub: Busan Grade A Logistics Market Overview and Outlook

Located on the southernmost tip of the Korean peninsula, Busan is Korea's second largest city and the country’s largest port city. Busan plays a pivotal role in the country's import and export economy. With its enormous logistics capacity, Busan Port underscores the city's accessibility and efficiency as a logistics hub.

Busan is adjacent to Gyeongsangnam-do (Gyeongnam) and Ulsan, which together comprise the Buulgyeong region, the largest single living area in Korea after Greater Seoul. Buulgyeong is home to a strong consumer market and solid industrial base, making it an extremely competitive logistics centre. The area boasts excellent connectivity between its cities, maximising the efficiency of logistics transportation networks.

Changwon, Gimhae, and Yangsan in Gyeongsangnam-do are major manufacturing centres in Korea. Together with Busan, they form a major logistics hub. This report by CBRE features an in-depth study of the Busan logistics market, analysing its current status and future growth potential.