GAC Group, a provider of shipping, logistics and marine services in the Asia-Pacific market, has opened its first office in Seoul, South Korea.
The company aims to strengthen its operations in the country to serve the growing, dynamic South Korean shipping market, which accounts for more than 10% of global maritime trade. Exports from the country are set to rise by 7.9% in 2024 to reach US$680 billion, according to forecasts by the Korea International Trade Association, while imports are expected to grow by 3.3% in the same period.
“We see great potential for growth in the Korean market and are committed to expanding our services while seeking synergies with our operations in the region,” stated Daniel Nordberg, GAC’s Group Vice President – Asia Pacific & Indian Subcontinent.
“The opening of our new office in Seoul is a testament to our belief in the potential of the Korean market,” pointed out Nordberg, adding that “having been a part of the Korean maritime landscape since 1985, the time is now right to establish a stronger local presence to build solid relationships with customers, respond more effectively to their needs and further solidify GAC’s position as a world class provider of shipping services.”
The Seoul new office is run by Keun Jeong Lim, who brings 34 years of global shipping industry experience and in-depth knowledge of the local maritime landscape to his new role.
He commented, “Our aim is to become the trusted partner for shipping companies, leveraging our deep understanding of the local market alongside GAC’s global expertise. We are committed to enhancing the efficiency and seamlessness of the Korean shipping sector with our global resources, local knowledge and range of professional support services.”