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SEOUL, July 3 Asia Pulse - South Korean logistics company Korea Express Co. said Monday it has launched a Japanese subsidiary to tap the logistics market in the neighboring country.
The Tokyo-based Korex Logistics Japan Co., capitalized at 753 million won (US$794,000), is 70 per cent owned by Korea Express and 30 per cent by K.E.C. International Co., an international cargo services arm of the company.
The Japanese unit plans to provide comprehensive logistics services, including maritime and aviation logistics forwarding, trading and ...