Due to the expansion of the global logistics market and increase in trade volume, competition to gain high added values is becoming fiercer among major hub nations. Sales revenue of the Korean logistics market is estimated to reach KRW 38.2 trillion in 2011, up 2.3% from the previous year. The industry is showing steady growth despite an economic slowdown caused by the European fiscal crisis and high oil prices. The industry accounts for 6.1% of the GDP (2005), compared to the United States' 12.5% (2005) and Japan's 14.2% (2003). However, the industry is expected to grow by 15% annually, so it will reach 10% of the GDP in 2015.
Kompass Business Directory
With over 1,800 South Korean companies registered in the Kompass B2B worldwide database, the Transport & Logistics sector represents medium activity sectors within our database. This family includes handing, packing, storage, shipping, transport infastructures, etc.