WISETECH Gobal announced its acquisition of Ready Korea, a company that facilitates lodgement of electronic transactions to the Korean Customs Service, including customs brokerage and refunds and Free Trade Agreement verifications, along with bonded warehouse management.
Ready Korea also provides a trade administration solution to facilitate the generation and submission of electronic import/export documentation.
WiseTech founder and CEO, Richard White, said, “As the eighth largest export market and tenth largest import market in the world, South Korea plays a key role in Asia’s, and the world’s, supply chains.
“Bringing Ready Korea’s regional customs and trade management expertise into the group now expands our innovation and development capabilities in this important region as we continue to build-out our global customs footprint.
“This is a further step in strengthening our international reach deeper across Asia and together we will develop even more productive and valuable crossborder logistics solutions for our regional and global customers.”
Ready Korea managing director, Tom Kim, said, “We are happy to become part of the WiseTech Global group which is well known around the world for its high growth, large global presence, powerful logistics solutions and development capabilities.
“We will work well together to improve logistics and we welcome this opportunity for our people, South Korea and our customers.”
WiseTeach’s CargoWise One global platform enables logistics service providers to execute highly complex transactions in areas such as freight forwarding, customs clearance, warehousing, shipping, tracking, land transport, ecommerce, and cross-border compliance.