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Frameworx and YRP Announce 2017 Next Generation Logistics Open Data Contest

Frameworx and YRP Announce 2017 Next Generation Logistics Open Data Contest

TOKYO, JAPAN, Jun. 6 (Korea Bizwire) – Frameworx, Inc., a Daiwa House Group company, which develops distribution systems (headquartered in Shizuoka prefecture, president: Jun’ichi Akiba) and YRP Ubiquitous Networking Laboratory (Located in Tokyo and Kanagawa, directed by Ken Sakamura, Dean of Information Networking for Innovation and Design (INIAD) at Toyo University) will hold a second [...]

SK C&C Develops Blockchain-Based Physical Distribution Service

SK C&C Develops Blockchain-Based Physical Distribution Service

SEOUL, May 17 (Korea Bizwire) – SK C&C is launching a new physical distribution service which uses a distributed database system called a blockchain, the company announced yesterday. Blockchain is a groundbreaking technology that allows users to keep a record of all their transactions transparently, in linear and chronological order. Instead of saving information on a [...]

Busan Port Incorporates IoT to Boost Competitiveness

Busan Port Incorporates IoT to Boost Competitiveness

BUSAN, March 15 (Korea Bizwire) – Still reeling from the Hanjin Shipping crisis, South Korea’s largest port is incorporating Internet of Things technology to transform into a high-tech logistics destination.  In accordance with a MOU signed on Tuesday, Lotte Data Communication, with its IoT technology, and KL-NET, a port logistics IT company, will be developing [...]

Couriers Learn First Aid Courses to Double as Emergency Helpers

Couriers Learn First Aid Courses to Double as Emergency Helpers

SEOUL, March 14 (Korea Bizwire) – Couriers for one of South Korea’s largest logistics companies, CJ Korea Express, have become certified emergency medical responders after receiving safety and CPR training, the company announced yesterday. In collaboration with the Ministry of Public Safety and Security (MPSS), CJ Korea Express trained around five hundred of its employees [...]

9-Trillion-Won Project to Turn Incheon into Major Logistics and Tourism Hub

9-Trillion-Won Project to Turn Incheon into Major Logistics and Tourism Hub

INCHEON, Dec. 27 (Korea Bizwire) – The Ministry of Oceans and Fisheries announced Tuesday a new development plan for the Port of Incheon, which involves investment of 9 trillion won ($7.45 billion) to transform the port city into a global center for logistics and marine tourism.  Incheon’s port currently ranks fourth in South Korea in [...]

Sonepar Enhances Fleet Operations with Descartes’ Route Planning and Mobile Solution

Sonepar Enhances Fleet Operations with Descartes’ Route Planning and Mobile Solution

AMERSFOORT, The Netherlands, Nov. 7 (Korea Bizwire) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Technische Unie, a Dutch subsidiary of Sonepar, a world-wide leading distributor of electrical products and related services, is using Descartes Route Planner™ and Descartes Mobile™ to optimize, monitor and improve delivery [...]

Parcel War Rages as Chuseok Approaches

Parcel War Rages as Chuseok Approaches

SEOUL, Sept. 8 (Korea Bizwire) – Despite a prolonged economic downturn and Korea’s new anti-graft law, which prohibits the acceptance of gifts exceeding 50,000 won ($45) for public officials, journalists and private school faculty, parcel delivery companies are once again being flooded with Chuseok gifts.  Korea’s leading parcel delivery services, CJ Korea Express and Hyundai [...]

CJ Korea Express Buys Malaysian Logistics Company

CJ Korea Express Buys Malaysian Logistics Company

SEOUL, Sept. 8 (Korea Bizwire) – CJ Korea Express Corp., South Korea’s largest logistics company, said Thursday it has bought Malaysia’s No. 2 logistics company to expand its distribution channel in Southeast Asia.  CJ Korea Express’ Asian branch bought a 31.5 percent stake in Century Logistics Holdings Bhd for 47.6 billion won (US$43.5 million) to [...]

Coupang Logs 3-Fold Jump in 2015 Sales

Coupang Logs 3-Fold Jump in 2015 Sales

SEOUL, April 14 (Korea Bizwire) – Coupang, South Korea’s leading e-commerce operator, said Thursday its sales jumped more than three-fold in 2015 thanks to its delivery service, but its operating loss widened due to big investments in logistics capacity. Coupang posted 1.13 trillion won (US$ 976.66 million) in sales last year, becoming the first social commerce [...]