Hyundai Logistics Co. Ltd., one of South Korea's top three delivery companies, planned to operate its own freighter in 2007 for use between Korea, China and Japan
, Reuters reported. "We have drawn up a blueprint to operate our own freighter for delivery so that we will be able to meet growing demand in Northeast Asia," Choi Ha-kyung
, CEO of the unlisted firm, said. "Our ultimate goal is not just simple delivery but a total service on a turn-key basis," Choi said. International shipping volume has grown to take up about 20 percent or 200 billion won ($154.4 million) of the nation's logistics industry, Choi said.
Market share of the 13-year-old latecomer rose to over 10 percent this year from less than three percent in 1995.