South Korea is planning to spend $38.9 billion through 2020 to expand port infrastructure, The Citizen Daily reports, citing Xinhua. The funding will be used be used to build more piers at seaports to boost the country’s annual cargo-processing capacity. The investment will raise the added value of the port industry from $19.02 billion to $38.04 billion a year by 2020. It will also increase the number of seaport jobs from the current 480,000 to 1 million during the same period.

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