Hanjin announced on the 17th that it plans to establish new bases in Hungary and Morocco this year to strengthen its logistics business competitiveness in Europe.
Earlier, Hanjin President Nosam Seok and President Cho Hyunmin personally visited Germany, the Czech Republic, and Norway in April to assess the growth potential of the local logistics market. The company currently operates 37 bases in 18 countries overseas. It has set a goal to increase this to 42 bases in 22 countries this year.
In Europe, Hanjin established its European corporation in Prague, Czech Republic, in August 2013. Under this, it has branches in Austria, Germany, Poland, and Norway, mainly conducting air cargo and land transportation businesses. In addition, it plans to establish new bases in Budapest, Hungary, and Morocco, while expanding to surrounding European regions. The company aims to increase its European bases to 12 by 2027, expanding to France, Italy, and the United Kingdom.
It will also expand its regional e-commerce logistics business. Linked with Hanjin’s Incheon Airport GDC, which opened in 2010, the company aims to attract new e-commerce volumes from Europe to Korea, including alcoholic beverages and clothing. It announced plans to expand its existing e-commerce logistics operations, currently centered in Germany within Europe, to France, Poland, and the United Kingdom.
Hanjin also unveiled a business plan to strengthen RFS sales linked with land transportation targeting non-European airlines and to attract new volumes from Korean companies operating in Europe and local global companies. The company will secure warehouses at local bases to conduct storage business as well. A company official said, "Based on our capabilities developed through active logistics business worldwide, we will continuously enhance our logistics competitiveness within Europe."
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