Busan

The Port of Busan was established in 1876 as a small port with strict trading between Korea, China and Japan. It is situated at the mouth of the Nakdong River facing the Tsushima Island of Japan. The Port of Busan continued to grow and by 2003 the port was the fourth largest container port in the world. South Korea accounted for 0.7% of global trade in 1970, but by 2003 it went up to 2.5%.