The Rhenus Group is opening its own business site in South Korea at the beginning of November. The logistics specialist also founded the national company known as Rhenus Logistics Korea at the same time. 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 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. 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,” says Tobias Bartz, who is responsible for the logistics specialist’s Asian business on the Rhenus Management Board, citing the reasons for the latest developments.
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.
Much of the country’s trade takes place with Europe – but 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. “We also envisage further growth in this market in future after completing the starting phase in Seoul,” says Tobias Bartz.
The Rhenus Group is a logistics services provider with global business operations and annual turnover of EUR 4.6 billion. Rhenus has business locations at over 500 locations worldwide and employs more than 26,000 people. The Rhenus business areas – Contract Logistics, Freight Logistics and Port Logistics – manage complex supply chains and provide a wealth of innovative value-added services.
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