Jung Hee-yong "Over 6 trillion liabilities of the four major port corporations...Debt Rate Increase Every Year"

While the debt ratio of the nation's four major port corporations is increasing every year, it has been pointed out that the debt amount exceeds 6 trillion won, which should increase financial soundness.

According to the data received by Chung Hee-yong, a member of the National Assembly's Agriculture, Food, Maritime Affairs and Fisheries Committee from Incheon, Busan, Yeosu Gwangyang, and Ulsan Port Authority, the debt of the four port corporations was about 6.5 trillion won as of the first half of this year.

The interest to be paid over the next five years alone was KRW 750 billion, and the debt ratio increased from 56.02% to 101.86% for the Busan Port Authority, 12.8% for the Incheon Port Authority and 16.8% for the Yeosu Gwangyang Port Authority.

Chung said business management and investment screening for large-scale investment projects should be strengthened, stressing that securing financial soundness should be a top priority so that the debt of the port corporation does not burden the national economy.