Korean logistics companies expand overseas businesses

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The story "Korean logistics companies expand overseas businesses" was covered 1 hours ago by Korea Economic Daily, a news publisher based in South Korea.

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Korean logistics companies expand overseas businesses - Korea Economic Daily

Quick Summary:

Demand for the forwarding and W&D services increased as more South Korean companies export their products thanks to the growing demand abroad, industry sources said.“Many smaller sellers without logistics networks want one-stop services including storage and delivery in other countries,” said a Hanjin official.

LOCAL COMPANIES IN OTHER COUNTRIESSouth Korean logistics providers bagged more deals from local companies in other countries based on advanced technology.“India and Southeast Asian countries prefer Korean companies as logistics technology in those markets is not developed much,” said an industry source in Seoul.

South Korea’s logistics companies such as the local industry leader CJ Logistics Corp.are expanding overseas operations to take advantage of the growing demand for the country’s goods abroad and maintain profitability amid the falling market share at home.