The government will invest at least 4.5 trillion won ($3.06 billion) into securing logistics hubs overseas to support export operations of South Korean companies, according to officials Tuesday. The Ministry of Oceans and Fisheries unveiled the plan during a meeting of ministers related to industrial competitiveness, citing the country's need to invest more in overseas logistics centers to help exporters. Of overseas logistics centers operated by 15 major domestic logistics firms, only 8.8 percent are of Korean ownership. For overseas container terminals, Korean companies currently hold stakes in just seven facilities, according to officials. To boost the country's logistics competitiveness, the ministry plans to expand the number of government-backed overseas logistics bases to 40 by 2030 from nine at the moment. The bases will be secured in 11 countries with heavy trade volume with Korea, including the United States, Canada, Mexico, Vietnam, Indonesia and Germany. It will also join hands with shipping firms and ocean-related authorities to secure stakes in overseas container terminals a