The Rhenus Group is starting its own business operations in South Korea in early November. The office in the South Korean capital, Seoul, will organise sea and air freight operations, third-party logistics and domestic transport services in future. The logistics expert also founded the national company, Rhenus Logistics Korea at the same time.
Stating the reason for this new development, Tobias Bartz, who is responsible for the logistics specialist’s Asian business on the Rhenus Management Board said, “The primary motive for opening the business site in South Korea is to continue consolidating our Asian network. We’ve been continually expanding this during the past few years. Seoul forms the centre of South Korea and is the focal point of the Sudogwon metropolitan district.”
He further added, “More than 25 million people live there and this accounts for half of the population of the country; it therefore provides an excellent starting point for our range of logistics solutions.”
The Rhenus Group is particularly aiming to establish itself as a partner for transporting, handling and storing raw materials, semi-finished products and industrial and consumer goods in the South Korean market with its complete range of services. Rhenus Logistics Korea then plans to develop the individual solutions for specific sectors, combined with local expertise.
Agreeing with the fact that most of the country’s trade takes place with Europe, the new company will also focus on transport between different Asian countries. In terms of its infrastructure, South Korea provides excellent conditions for sea and air freight services for the new national company with Incheon International Airport, one of the largest in Asia, and the port of Busan, which is one of the top 10 in the world according to the number of containers handled.