Busan Port maintained its position as the world's second-largest transshipment hub with 14.1 million TEU last year. However, industry voices warn that only a maritime finance hub strategy centered on relocating the Korea Development Bank can secure long-term competitiveness, reported the Seoul Economic Daily.

Busan handled a record 24.88 million TEU in 2025, with transshipment rising 4.4 percent to 14.1 million TEU. The expansion of Busan New Port, automated infrastructure, and investment attraction exceeding 14 trillion won over three years supported this growth.

Analysts caution that Malaysia's Tanjung Pelepas and major Chinese ports are mounting aggressive challenges, backed by national-level support. Structural shifts in global shipping alliances and supply chains are intensifying concerns over Busan's mid- to long-term competitiveness.

Industry officials argue that relocating the KDB to Busan is critical. They note that Singapore's port strength is tied to its financial hub function, and only by integrating shipping, logistics, shipbuilding, and finance can Busan maintain a decisive edge.

Regional initiatives such as the proposed Southeast Investment Corporation are seen as insufficient. Experts warn that delays in KDB relocation risk stalling Busan's maritime finance hub momentum, leaving the port vulnerable to rivals.

Logistics experts emphasize that Busan's competitiveness must be treated as a national industrial strategy. They assert that combining smart port transformation, Gadeokdo New Airport links, North Port redevelopment, and hinterland expansion with financial agglomeration is essential for Busan to challenge Singapore's top rank.