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 [...]
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, 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 [...]
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 [...]
BUSAN, March 9 (Korea Bizwire) – A 580-meter, 40-car freight train arrived at Busanshinhang Station Wednesday at 11:28.a.m, after departing Obong Station in Gyeonggi Province at 6:20 a.m. Although the length was not as impressive as freight trains in the U.S., which can stretch over a mile in length, freight trains here typically carry 30 [...]
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 [...]
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 [...]
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 [...]
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$43.5 million) to [...]
SEOUL, April 14 (Korea Bizwire) – Coupang, South Korea’s leading e-commerce operator, said Thursday its sales jumped more than three-fold in 2015 thanks to its delivery service, but its operating loss widened due to big investments in logistics capacity. Coupang posted 1.13 trillion won (US$ 976.66 million) in sales last year, becoming the first social commerce [...]