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Villaraigosa inks South Korean investment at Port of L.A.

During his trade mission in Korea, Mayor Antonio Villaraigosa today signed a Memorandum of Understanding with California United Terminals, a subsidiary of Hyundai Merchant Marine, to expand the flow of goods and services between Los Angeles and South Korea.

Pier 500 will allow larger container ships through the Hyundai Merchant Marine Terminal. … Tthe project will also include an automated terminal to handle containers directly off the ship and “on-dock” rail that will allow trains to be loaded within the terminal.

From Mayors and Cities

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