This paper analyzes the current situation and tries to find out the problems of
freight forwarder in South Korea. And finally, it suggests some future directions for
them.
To achieve those purposes, this article reviews the functions and duties of freight
forwarder and discusses laws and regulations of freight forwarder in Unites States
and Korea. Comparative analysis has also been done to ascertain freight forwarder
and its business. One of the significant feature of freight forwarder in United States
is that freight forwarder is governed by government directly and is required to be
bonded, licensed, and regulated by Federal Maritime Commission pursuant to
Shipping Act of 1984. But in South Korea, any enterprise could be freight forwarder
by declaration or reporting to government agency. Nowadays permission is required
to do forwarding business in South Korea.
Until now in South Korea, many freight forwarders have been appeared and
suffered intensive competition and so many government agencies are involved in
regulating freight forwarder and its business.
In conclusion, this paper presents some future directions in order to secure global
competitiveness for Korean forwarding business. The first, Korean forwarding
companies have to go abroad like Deutsche Post DHL and UPS. Also, M&A and
strategic alliance are still required to do forwarding business in South Korea. The
second, Korean forwarding companies