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Tag Archives: S. Korea to cut port fees over next 3 years

S. Korea to cut port fees over next 3 years

SEOUL: Amid the backdrop of the global shipping downturn, South Korea’s Ministry of Oceans and Fisheries has decided to hold off on raising fees for using the country’s trading ports and plans to reduce port fees by 70 percent over the next three years. Accordingly, all 31 ports in South Korea, including Busan and Incheon, will maintain the current fee ... Read More »