Incheon new port(stage1) development plan · budget : The international passenger terminal located at the port offers ferries to five cities . Port of incheon is located in korea at 37.4171n, 126.5282e. The incheon regional maritime affairs and port office is the port authority for the port of incheon and two other coastal ports in yeonpyeongdo and yonggipo . Incheon port authority was established in 2005 to develop incheon port as a competitive logistics base and thereby contribute to the national economy.