RGB Group to Establish Logistics Base, Bonded Duty Free Store in China

The RGB Group, which has pushed into the bonded duty free shop market in China, announced on Jan. 20 that it has signed an agreement to construct a logistics base for trades between Korea and China and a bonded duty free store at the office of the National New Technology Industrial Development Committee in Yanji, Jilin province of China, on the 18^th.

Yanji National New Technology Industrial Development Committee under China’s central government is a government agency that generalizes economic zones and investment attraction.

The distribution base will be located in the special economic zone with a total area of 50,000 square meters. Once trade between Korea and China occurs through the distribution base, Korean companies can greatly improve their competitiveness in export with various benefits.

The group will work as an advanced guard for supplying Korean products throughout China as well as the three provinces of Northeast China through the distribution base in Yanji.

Following customs clearance, classification and bonded warehouse storage through Yanji Airport, the RGB Group is planning to introduce innovative online-to-offline and business-to-business models by unifying the system to deliver products from Korea to buyers’ houses in 24 hours through the partnership with China’s largest delivery service provider.