DHL plans to spend USD50 mln on facility expansion in S. Korea.

DHL, the logistics unit of Germany’s Deutsche Post AG, said Thursday it plans to invest USD50 million in South Korea to expand facilities. The investment is mainly aimed at increasing DHL’s logistics facilities at Incheon International Airport, 40 kilometers west of Seoul, which is the main gateway to South Korea, the company said in a statement. DHL’s head of Asia-Pacific operations, Scott Price, said in the statement that part of the investment will be used to upgrade its service center in the nation’s southern port of Busan.