World · East Asia & Pacific · 1 hr ago

Daepo Port wins South Korea’s top fishing-port project, with 465 billion won in state funding

Daepo Port wins South Korea’s top fishing-port project, with 465 billion won in state funding

Daepo Port in Sokcho, South Korea, won selection for a national project to develop major fishing ports.

It ranked first among 11 ports that applied, after three ports were shortlisted in July.

The plan aims to combine seafood distribution with marine tourism on the east coast.

The project will receive 465 billion won from the national government, alongside local and private funding, bringing the total investment to 950 billion won.

Planned work includes a seafood distribution center, improved cold-storage facilities, expanded berths for fishing boats and visitor amenities.

Design work is planned through 2027, with construction scheduled from 2027 to 2031; a separate 10-billion-won program will also support youth housing, training and jobs.

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