UPS Improves Transit Time And Expands Facility To Support Trade Growth In Korea

UPS Improves Transit Time And Expands Facility To Support Trade Growth In Korea

UPS Improves Transit Time And Expands Facility To Support Trade Growth In Korea

The FINANCIAL -- UPS on May 16 announced a series of service enhancements across five cities in Korea as well as expanded capacity at its Incheon facility to better serve businesses wanting to bettercapitalize upon cross-border import and export opportunities.

As speed-to-market is a crucial element for success in a competitive and fast-paced environment, businesses from selected postal codes in Gyeongsan(295), Gwangju(1,002), Ulsan(627), Jeonju and Iksan(186) can now enjoy a one-day transit time improvement for export shipments going to major markets in Asia Pacific, Europe and the U.S.

UPS has also expanded its facility at Incheon International Airport, offering customers a larger warehousing capacity to support growing import and export demands. The new facility will feature over 770 square meters of warehouse space; three times larger than its previous size.

“In 2017 Korea, the world’s sixth largest exporter, registered record trade growth of 15.8%,” said Harrison Park, managing director of UPS Korea. “As we continue to see more goods traded in and out of Korea, our service improvements will provide not just faster speed-to-market, but allow businesses to tap into UPS’s end-to-end logistics capabilities to manage their global supply chains with greater control, flexibility and visibility.”

Businesses in the high-tech, retail and industrial manufacturing industries now have access to long-term storage and shipment consolidation services to store and manage high-value goods safely and efficiently. Technology solutions such as UPS’s Flex Global ViewTM allow businesses to exercise greater control over their supply chain by providing full visibility into the movement of goods, and the ability to respond to shipment information and critical milestones as they appear, according to UPS.

The service enhancement and facility expansion reinforce UPS’s long-standing commitment to help businesses of all sizes in Korea to capture growth opportunities through greater connectivity to the international marketplace and a globally integrated smart logistics network.