Korea plans logistics fund
The government of South Korea will create a $1.6 billion private equity fund next year that will help Korean logistics firms set up distribution networks in foreign countries, said a report by the Arirang news service posted on the Web site of the Chosun Ilbo newspaper.
The report said the Korea Container Terminal Authority as well as banks, pension funds and other institutional investors, will invest in the fund which would 'go into building storage and processing facilities in strategic ports in China, Japan and Southeast Asia, while eyeing potential acquisition or merger targets in Europe and North America.'
Korea plans logistics fund
