South Korea Future South Korea Logistics Market, Warehousing Automation: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit South Korean logistics industry is defined as an industry which, by function or business segment, is related to cargo transportation, storage, and off-loading, packaging and related activities. In terms of national logistics spending, the Korean logistics industry has steadily expanded since 1990 on the back of growing logistics volume, an increase in value-creating logistics activities, growth in logistics outsourcing and government efforts to enhance the logistics infrastructure. In terms of sales, the logistics industry is the 9th largest industry in Korea during 2012. As of 2012, the Korean logistics industry had about ~ companies (4.9% of the total industry), employed ~ individuals (3.1% of the overall South Korea employment) and recorded USD ~ billion in sales revenue (2.7%). Busan is home to Korea’s largest port complex, and the freight rail corridor connecting it directly to Seoul is a heavily utilized trunk line of the country’s distribution system. The Korean logistics market has been continuously growing. In recent years, the dominance of first-party logistics and second-party logistics has been declining, whereas third-party logistics has been growing at an alarming rate in the country. South Korea logistics market witnessed varied trends over the years growing from USD ~ billion during 2011 to USD ~ billion during 2013. The market witnessed a downfall to USD ~ billion during 2014 and has been growing at a slow growth rate since then. During 2016 the logistics market of South Korea reported USD ~ billion of revenue. The freight forwarding sector is the leading segment in terms of revenues in South Korea logistics industry The logistics industry encompasses several components such as transportation, warehousing, and value added services of which transportation forms the major proportion of the industry in South Korea. How Freight Forwarding Market of South Korea is Performing? South Korea freight forwarding market has witnessed varied growth over the years. South Korea’s economy is highly co-related with EX-IM flows which have affected the freight forwarding industry during 2011-2016. Expanding e-commerce, retail, manufacturing and express delivery industries has positively augmented the freight forwarding market in South Korea. Freight forwarding market of the country has dominated the overall logistics industry with percentage share of ~ in terms of revenue during 2016. To enhance economic growth of the country and to improve FDI, South Korea introduced Free Trade Zone and Free Economic Zone in the country which eased the policies for foreign companies to do business in South Korea. Sea freight movement has majorly dominated the market for Logistics in South Korea. The increase in the trade scenario in the country has attributed to the domination in revenue share of sea freight. The rising import and export value from other countries has triggered the demand of sea freight in the country. Source: https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/south-korea-logistics-warehousing-market/136100-100.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications ankur [@] kenresearch.com +91-9015378249 www.kenresearch.com Tags: 3PL Market in South Korea, Air Freight Market South Korea, Business Performance Logistics South Korea, Competition South Korea Logistics, Courier Market Share South Korea, DHL South Korea Market Share, E-commerce Logistics Market South Korea, Freight Forwarders in South Korea, Future South Korea Logistics Market, Ground Express Delivery Market South Korea, Growth Drivers Express Delivery South Korea, Logistics Cost South Korea, Logistics Players in South Korea, Logistics Players Investment South Korea, Logistics Spend South Korea, Mergers and Acquisition in Logistics Industry South Korea, Number of Warehouses South Korea, Road Freight Market South Korea, South Korea Cold Chain Industry Growth, South Korea Cold Chain Market, South Korea Cold Storage Market, South Korea Freight Forwarding Market, South Korea Logistics Hub, South Korea Logistics Market, South Korea Sea Freight Market, Third Party Logistics Market South Korea, Trends and Development Express Delivery Market, Trends Logistics South Korea, Warehousing Automation in South Korea, Warehousing Market Size South Korea, Warehousing Revenue South Korea