Tag: Korea

DHL Korea keen to play role in hub

Completion of an air cargo terminal at Incheon International Airport by a global air express company will contribute to Korea’s goal of becoming a Northeast Asian hub, said the head of DHL Korea Ltd.
“We are promoting the Northeast Asian DHL hub by building the biggest cargo terminal at Incheon International Airport,” Bae Kwang-woo, CEO of DHL Korea Ltd, said. “This goal is based on making the best use of the excellent geographical position of Incheon.”

Once completed in August 2006, the cargo terminal would become one of the 78 DHL hubs worldwide and the first in Northeast Asia, the chief executive said. Construction of the 25-square kilometer site is slated to begin July 2005.

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FedEx’s Incheon run to boost Asia network

FedEx Express will reveal plans today for a thrice weekly non-stop service between Hong Kong and Incheon, South Korea, in a move that will bolster both its Hong Kong and inter-Asia connectivity.

Peter Yin, FedEx Express regional vp for South Pacific, confirmed that the services, using Boeing MD-11 freighters with a 90-tonne payload, would be inaugurated soon.

He said the flights would be the first direct link between Hong Kong and Seoul. Previous cargo services were handled through FedEx’s major Asian hub at Clark airbase in the Philippines.

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Korea Post to start internet savings from July

South Korea’s state postal agency, Korea Post, has said it will begin operation of Internet-based savings from July as part of efforts to strengthen its financial services. To expand its Internet banking services including ordinary deposits, the state mail service monopoly plans to offer higher interest rates than the market rates, said Koo Yung-bo, president of Korea Post, in a press conference.

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