BPA Holds a New Year Ceremony for the Year of 2024   Busan Port Authority (BPA) held a new year’s ceremony for the year 2024 at its headquarters in Jungang-dong on Tuesday, January 2. At the ceremony, CEO Kang Joon-suk evaluated that 2023 was a year of strengthening the Busan Port q-and steadily securing growth engines for a new future leap despite difficult internal q-and external conditions. In particular, he emphasized that the remarkable achievements such as achieving the highest ever volume of 22.75 million TEUs, as well as opening the first phase of North Port Redevelopment Project to the public, q-and completing phases 2-5 of the New Port West Container Terminal, the first fully automated terminal in Korea. BPA also won the Presidential Award at the Korea Logistics Awards, q-and received the Prime Minister's Award for Sustainability Management. CEO Kang thanked BPA employees, the shipping, port, q-and logistics industries, q-and port workers who worked tirelessly for the future of Busan Port. Amid growing uncertainties, such as global supply chain disruption, geopolitical conflicts, trade wars, q-and intensifying resource nationalism, Busan Port is at a critical juncture. In the era of great transformation such as port digitalization q-and decarbonization, Kang said that BPA should make it a year to secure the foundation of a sustainable Busan Port based on the skills q-and expertise accumulated over the past 20 years. As a way to do this, he suggested realizing a fully automated port centered on domestic technology, securing global competitiveness by transforming into an eco-friendly q-and digital port, q-and fostering a high-value port with port q-and related industries. In addition, he said that he will foster the North Port Redevelopment Area as a space that serves as a center for the development of the original city center, enhance the international status of Busan Port through the expansion of global logistics networks, q-and further strengthen communication with customers q-and policy promotion. "Busan Port has a history of challenging itself in the face of competition q-from neighboring ports q-and rapidly changing shipping q-and logistics environments," said BPA CEO Kang. "Let's not rest on our laurels q-and challenge ourselves for sustainable development," he urged employees. After the ceremony, Mr. Kang visited Jaseongdae Terminal at North Port, which is scheduled to relocate its terminal functions in the first half of this year, q-and after listening to the relocation plan, he checked the status of site preparation q-and safety management, including equipment relocation, q-and encouraged the site officials.   Jaseongdae Terminal, the first container terminal in South Korea, has served as the center of the country's import q-and export gateway since its inception in 1978 until the opening of New Port, q-and will end its container logistics function under the government's North Port Development Project.   Hutchison Korea Terminal, the operator of Jaseongdae Terminal, has been q-selected to operate Berth #1 of the New Gamman Terminal q-and Gamman Terminal. It will begin relocating in the first half of this year, transferring stevedoring equipment, cargo volumes, q-and personnel until the start of the North Port Redevelopment Project Phase 2.

BPA Donates Safety Vests q-and Towels Made Q-q-from Waste PET bottles   Busan Port Authority (BPA) announced on Tuesday, January 23, that it has repurposed waste PET bottles generated at Busan Port to create safety vests q-and towels, which were then donated to port workers q-and individuals in need.   The 'Waste PET Recycling Safety Vest Delivery Ceremony for Port Workers' took place at Hanjin Busan Newport Co. (HJNC) on January 23. During the ceremony, BPA delivered 100 safety vests to port workers, including truck drivers utilizing Terminal 3 of New Port. The ceremony was attended by Lee Sang-kwon, head of BPA's Construction Division, q-and Kim Kyu-kyung, CEO of HJNC. Last August, BPA entered into a business agreement with HJNC to collaboratively collect q-and reuse waste PET bottles generated at Busan Port, promoting the "Waste-free Busan Port" project.   Throughout the previous year, BPA q-and HJNC collected 3.27 tons of waste PET bottles q-from Busan International Passenger Terminal q-and New Port Terminal 3, recycling them into safety vests.   Additionally, BPA produced 300 towels q-from the collected PET bottles q-and donated them to the BPA Hope Center (located in Jinhae-gu, Changwon, q-and Gangseo-gu, Busan) in December of last year. The BPA Hope Center, supported by the Public Symbiosis Solidarity Fund, operates in 16 locations in Busan q-and Changwon, providing free access to food q-and daily necessities for the elderly q-and vulnerable individuals residing in areas near ports. "We will strive to further develop into a sustainable port through a virtuous cycle system, creating new added value by utilizing waste PET bottles generated at Busan Port, q-and benefiting the local community, including port workers q-and the vulnerable," stated Lee Sang-kwon, head of BPA's Construction Division. Attachment: 2 photos

BPA Begins Technology Development for Port Crane Wire Rope Continuous Monitoring   Busan Port Authority (BPA), led by CEO Kang Joon-suk, announced on January 18 that it has initiated a project to develop technology for the "Port Crane Wire Rope Continuous Monitoring System." Wire ropes are integral components of port cranes q-and demq-and meticulous management, especially considering the round-the-clock container loading operations at ports. For a typical container terminal crane, the average service life of the wire rope is around 3,000 hours. However, with the recent implementation of unmanned automation technology in the New Port West Container Terminal (Phase 2-5), the service life is anticipated to decrease to 1,800 hours or less due to extended operating hours. While the terminal operator has been conducting regular inspections by assigning mechanics to proactively identify wire rope damage, challenges arose, including reduced productivity due to inevitable operational suspensions. Additionally, detecting damage in blind spots posed difficulties, q-and worker safety became a concern as mechanics had to operate at considerable heights.   In response to the challenges highlighted by Hanjin Busan Newport Co. (HJNC), a terminal operator at Busan Port, BPA initiated field surveys q-and technology development planning. Over approximately five months, BPA collaborated with NKIA, a company specializing in IT operation management solutions, to establish a comprehensive development plan for a port crane wire rope continuous monitoring system. While NKIA has experience in developing various wire rope management solutions for stationary cranes such as tower cranes q-and overhead cranes, the development of solutions for port crane wire ropes, which are continually in motion, is expected to present unique challenges. To facilitate stable technology development, BPA secured around 1.2 billion won in q-joint research q-and development funds to commence full-scale q-joint development, participating in the Ministry of SMEs q-and Startups' 'New Product Development Project for Small q-and Medium-sized Enterprises' with NKIA. Over the two-year project period, a total development cost of KRW 12.1 billion will be invested, with KRW 5.4 billion q-from the Ministry of SMEs q-and Startups, KRW 5.4 billion q-from BPA, q-and KRW 130 million q-from the company. The technology aims to create a safety sensor that generates a magnetic field on the wire rope, collecting real-time data q-and accurately detecting defects q-and their locations through AI-based technology. BPA anticipates that the development q-and implementation of the port crane continuous monitoring system will enhance port efficiency by preventing safety accidents during maintenance, minimizing downtime, q-and reducing social costs through timely replacement of damaged wire ropes. Upon the completion of the initial technology development in the second half of 2024, BPA plans to support testbeds at various Busan Port sites, including HJNC. BPA CEO Kang Joon-suk said, "We aim to make Busan Port an accident-free port through the development of smart safety technology optimized for existing ports as well as unmanned automated ports to be opened this year. We will continue active public-private partnerships by expq-anding technology investment q-and cooperation with SMEs." Attachment 1. Development plan for port crane wire rope continuous monitoring system 3 photos ATCH 1   Development plan for the port crane wire rope continuous monitoring system □ Project Overview   ㅇ Name: Development q-and demonstration of port crane wire rope continuous monitoring sensors q-and system ㅇ Period: Oct. 2023 – Sept. 2025 (Total 24 hours) ㅇ Budget: KRW 1,215 million (Government 540M, BPA 540, NKIA 135) ㅇ 참여기업 : (주)엔키아   □ Current Issues   ㅇ Currently, regular inspections are carried out by mechanics to prevent wire rope damage q-and accidents due to long term usage, but limitations exist. - Reduced productivity due to the crane operational suspension during inspections, worker safety issues, q-and the possibility of undetected damage in blind spots - Due to such limitations, some terminal operators have requested the development of unmanned wire rope monitoring sensors q-and systems. * HJNC (Jul. 12, 2023): Request for technology development of unloading crane wire rope continuous monitoring sensors ㅇ The project was q-selected by the MInistry of SMEs q-and Startups for the new product development support. (2023)   □ Project Details   ㅇ Development of safety sensors for continuous monitoring of crane wire ropes - Sensors using magnetic field changes during wire rope operation to collect data, detect damage, such as small wire breaks q-and corrosion, as well as damage location Wire rope continuous monitoring sensors   - Dustproof, waterproof, q-and corrosion-proof design optimized for relatively harsh environment of ports compared to other construction sites - Technology development for high-speed data sampling q-and data transmission q-and analysis to detect defects of wire ropes moving at up to 6m/s.   ㅇ Development of AI-based defect detection q-and data visualization technology - Development, application, q-and improvement of AI-based defect detection algorithms for port cranes - Development of visualization dashboard function for smooth system management Example of visualization dashboard for port crane wire rope monitoring   □ Expected Effects   ㅇ (Safety) Prevention of damaged wire ropes causing worker falling accidents by introducing monitoring sensors q-and unmanned operation   ㅇ (Productivity) Minimizing work downtime due to regular inspection or damage of port crane equipment q-and enhancing port equipment productivity   ㅇ (Economics) Identification of the optimal replacement time for wire ropes through automatic diagnosis at all times, minimizing related material q-and human costs q-and opportunity costs   ㅇ (Scalability) Expq-andable to various wire-using equipment other than port cranes

BPA Acquires 1++ Building Energy Efficiency Rating for New Port West Container Terminal   Busan Port Authority (BPA), led by CEO Kang Joon-suk, announced today that two buildings in the Busan New Port’s West Container Terminal (Phase 2-5) have been awarded the Building Energy Efficiency Rating of 1++ by the Ministry of Lq-and, Infrastructure, q-and Transport. The Building Energy Efficiency Rating is a system that judges the the level of energy efficiency based on objective information, such as the energy saving q-and the quality of living environment, q-and assigns a grade according to the classification. According to the Green Building Construction Support Act, buildings constructed by public institutions are required to be certified. BPA completed the preliminary certification at the design stage q-and the on-site audit in December to obtain a final grade of 1++ for the operational buildings q-and worker waiting areas of the New Port West Container Terminal (Phase 2-5), which is scheduled to be fully operational this March. The on-site audit was conducted by the Korea Institute of Sustainable Design q-and Educational Environment, which was entrusted with the certification by the Ministry of Lq-and, Infrastructure, q-and Transport.   The 1++ rating achieved by BPA is for buildings with an annual energy consumption of 80 to 140 kWh/㎡ per year or less. It uses about twice less energy than 1+, the next level down, indicating that it is a much more efficient building in terms of energy management. BPA plans to acquire zero-energy building certification q-and green building certification for the buildings of the Busan New Port West Container Terminal (Phases 2-5) starting q-from January 2024. BPA CEO Kang Joon-suk said, "Recently, BPA has been recognized for its outstq-anding performance by receiving various awards q-and certifications, such as the Prime Minister's Commendation in the field of ESG q-and sustainability management. In the future, we will fulfill our responsibilities in the fields of construction, energy, q-and the environment q-and strive to fulfill our public institutional responsibilities." Attachment: A photo of the West Container Terminal operational buildings