Seoul: Chun Jae-soo, nominee for South Korea’s Minister of Oceans and Fisheries, has outlined an ambitious vision to transform the southeastern port city of Busan into a strategic maritime base for the emerging era of Arctic shipping.
During his confirmation hearing held in Seoul, Chun emphasized the importance of relocating the ministry’s headquarters from Sejong to Busan by the end of the year. The move, he said, would pave the way for South Korea to capitalize on new trade routes opening through the Arctic Ocean and reduce the development imbalance centered around Seoul.
“We aim to build a strategic hub in Busan that will attract major global shipping companies and marine industry institutions,” Chun said. “Relocating the ministry is the first step toward achieving this larger vision.”
The Arctic maritime routes, expected to become increasingly viable due to melting polar ice, offer shorter shipping paths between Asia and Europe—presenting significant economic opportunities for countries ready to invest in the infrastructure.
Chun also reaffirmed President Lee Jae-myung’s campaign commitment to relocating the headquarters of HMM, South Korea’s largest shipping firm, to Busan to bolster the city’s profile as a maritime center.
To further strengthen South Korea’s global maritime standing, Chun pledged to push for hosting the UN Ocean Conference in the country, showcasing its leadership in sustainable marine development and Arctic trade readiness.
He also addressed climate concerns, promising reforms to ensure the sustainability of South Korea’s fisheries sector. Proposed initiatives include the introduction of a total allowable catch (TAC) system and advancements in aquaculture through smart technologies.
Looking ahead, Chun vowed to enhance the nation’s port competitiveness and accelerate innovation in eco-friendly, self-sufficient vessel technology—efforts he said are crucial to establishing South Korea as a maritime powerhouse in the decades to come.
