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.