Korea Container Terminal Authority will go public in 2003.

The Korea Container Terminal Authority will turn out to be a public corporation in 2003, to get investment from government and private capital. To make decisions autonomously, take responsibility, acquire stable investment funds, and maintain stable outside credit ratings, it needs to grab over 50 percent of government shares. It will also be necessary for the terminal authority to take part in niche markets where the government or private industry has not participated.

To affirm the terminal authority's role and function, the Korea Container Terminal Authority will continue to develop inland logistic yards near kwangyang, and to build more container quays. It will also expand Kwangyang container terminals and develop the inland yards. It has plans to expand the Pusan Kamman terminal and acquire space for the Sinsondae terminal.

By taking part in North Korean port facilities, developments in North China, Northeast Asian and Central/South American port facilities, the terminal authority will enlarge its function and role.

The Korea Container Terminal Authority will establish its competitive management system by selling 51 percent of its stocks to Tong-i Engineering and by assigning computer related jobs to Korea Logistic System.

The terminal authority will also focus on operating efficiency. It will prepare accordingly to move the Off Dock Container Yard (ODCY) to the Yangsan ICD (Inland Container Depot). It will also ask to postpone closing the 150,000 pyoung (1 pyoung is about 3.3㎡) wide ODCY until the new Pusan port opens.