Saturday, 7 December 2019

DHL Express announces KRW 175 billion (€131 million) expansion for Incheon Gateway

Updated: November 18, 2019 11:29 am

DHL Express, the world’s leading international express service provider, has signed a concession agreement with the Incheon International Airport Corporation to implement its largest investment in South Korea to-date – a KRW175 billion (€131 million) expansion plan for its gateway in South Korea. John Pearson, CEO, DHL Express said, “Our quality and speed are crucial for our customers and the main pillars of our growth around the world. Our new investment, the largest one for South Korea so far, helps to connect the world even more and to further improve transit time of global trade and on the trade lanes to Asia.” Ken Lee, CEO, DHL Express Asia Pacific said, “Our Incheon Gateway occupies a vital strategic position along key routes between South Korea and countries like Singapore, Taiwan, Hong Kong and China — all of which are amongst our top ten inbound and outbound markets by express delivery volume. With online retail sales in Asia Pacific expected to reach US$2.5 trillion by 2023, our latest investments in the Incheon Gateway will align our infrastructure to what Asia’s e-commerce generation needs for now and tomorrow.”

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