Busan Port Authority stated that BPA will introduce and carry out the internal corporate venture system in order to stabilize the innovate organizational culture and to boost R&D capabilities of employees.
Since the establishment of BPA in 2014, it has exerted itself to encourage organizational changes and to seek new growth engine based on in-depth knowledge and creative ideas of employees.
BPA will set up the operation manual for the internal corporate venture system and form the task force and committee. The eligible corporate will be chosen through idea competition in September.
BPA President WOO stated “We will endeavor to establish the foothold for the internal corporate venture system in Korean national corporation.”