Pan Ocean and Sinokor Merchant Marine may join other South Korean shipping companies in relocating to Busan, after Jeon Jae-soo, a member of the ruling Democratic Party and former Minister of Oceans and Fisheries, was elected as Busan’s new mayor. Jeon was elected on 3 June, with 50.5% of votes counted. Many shipping companies, originally based in Seoul, are being encouraged to move to Busan to fulfil President Lee Jae-myung’s pledge to revitalise the port city into the country’s maritime capital. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me Lost your password? Don't have an account? Register The post Busan’s maritime hub goal gains impetus as former minister becomes mayor appeared first on Container News .