Pyeongtaek City Accepts Applications for Pyeongtaek Port Cargo Incentives

[Suwon Ilbo=Reporter Seo Dong-young] Pyeongtaek City will accept applications for 2019 Pyeongtaek Port cargo attraction incentives from December 2nd to 4th, targeting LCL cargo and e-commerce cargo using Pyeongtaek Port.

Applicants must be forwarders, warehouse operators, or courier companies, and are eligible to apply if they have conducted LCL cargo import/export transactions of 50 TEU or more and e-commerce cargo of 5 TEU or more between December 1st of last year and the 30th of this month.

The city and Gyeonggi Province have secured a total budget of 2 billion won for this year, with Gyeonggi Province and Pyeongtaek Port Authority providing incentives centered on FCL cargo, while Pyeongtaek City focuses on LCL cargo.

LCL cargo subject to incentive disbursement utilizes bonded warehouses within the city, generating first and second-tier transportation costs and warehouse usage fees, thereby contributing to the creation of added value within the region.

The city plans to continuously expand incentive budgets for Pyeongtaek Port activation, including securing settlement support funds for courier companies next year, to attract not only high-value-added LCL cargo but also e-commerce cargo, which shows steady annual growth.