In the past logistics industry was recognized as its supportive role for manufacturing or distribution industries. But now it is recognized as a value added industry through its provision of various services. Korea`s logistics industry should properly...
In the past logistics industry was recognized as its supportive role for manufacturing or distribution industries. But now it is recognized as a value added industry through its provision of various services. Korea`s logistics industry should properly cope with new challenges. Korea needs to foster logistics companies which will lead the industrial development in order to build the foundation for national wealth creation and secure intemational trade competitiveness as woll as building an advanced cconomic structure. Some policy measures are suggested to strengthen the competitiveness of Korean logistics industry : integrated logistics businesses should be developed by forming virtual businesses, specialized logistics firms should grow through mergers and acquisitions among companies, the market size should be expanded by cultivating northeast Asian market, the laws and decrees related with the development of logistics business should be re-established.