Strategic Development of Port Business Centers in the Era of Smart Ports: A Case Study of Busan New Port

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Key Points

The research aims to highlight the necessity of establishing port business centers to support maritime industry integration and economic growth in Busan port.
Case study analysis of Busan New Port and comparison with PSA Building and PSA Horizons in Singapore.
Development of a model for an integrated port business center at Busan New Port, reallocating functions from container terminals.
Empirical analysis of spatial and cost savings resulting from the proposed model.
Projected land area savings of 3.15 to 10.85 thousand square meters.
Estimated cost savings ranging from 2.519 to 10.34 billion KRW for site development.
The establishment of port business centers can significantly enhance the maritime cluster and promote synergy between the port and the city.

Demonstrates the role of port business centers in maritime clusters, suggesting strategic benefits for Busan.

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Jeong et al. (2025) studied this question.

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