Logistics Base
The Germany-based logistics specialist Rhenus Group is launching its own business in South Korea at the beginning of November with establishment of Rhenus Logistics Korea.
The office in the capital Seoul of South Korea will organize sea and air freight operations, third-party logistics and domestic transport services in the future.
“The primary motive for opening the business in South Korea is to continuously consolidate our Asian network, which we’ve been continually expanding over the past several years. More than 25 million people live in Seoul and the surrounding metropolitan area, accounting for half of the population of the nation. The central area, therefore, provides an excellent starting point for our range of logistics solutions,” says Tobias Bartz, who is responsible for the Asian operation on the Rhenus Management Board, citing the reasons for the latest opening of its subsidiary in South Korea.
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 specific solution for each logistics sector with local expertise.
Many of the company’s logistics services take place in Europe – but the new subsidiary in South Korea will 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 subsidiary as South Korea has the Incheon International Airport, one of the largest in Asia, and the port of Busan, which is one of the world’s top 10 in the number of containers handled. “We also envisage further growth in this market in the future after completing the starting phase in Seoul,” says Tobias Bartz.