Korea Opens New Trade Route to Central Asia with Successful Multimodal Transport Pilot
Global Economic Times Reporter
korocamia@naver.com | 2025-01-08 14:44:54
Seoul, South Korea – The South Korean government has announced the successful completion of a pilot project for international multimodal transportation, opening up new trade routes to Central Asia. The project, a joint effort between the Ministry of Land, Infrastructure and Transport and Korea Railroad Corporation (Korail), has demonstrated the feasibility of combining rail and sea transport to efficiently move goods between the two regions.
The pilot project involved transporting 40-foot containers filled with automotive parts, electronics, and other goods from South Korea to Kazakhstan and Uzbekistan. By optimizing the transportation process and streamlining customs procedures, the project managed to reduce transportation time by over eight days, resulting in significant cost savings for businesses.
“This pilot project has laid the groundwork for Korean businesses to reliably transport goods to Central Asia,” said Yoon Jin-hwan, Director-General of the Railway Bureau at the Ministry of Land, Infrastructure and Transport. “The government will actively support efforts to expand this service, such as establishing regular train services and standardizing procedures, to help businesses reduce transportation costs and time.”
The project addressed several challenges faced in previous transportation attempts, including long waiting times at Chinese ports and complex customs procedures. By dedicating entire trains to specific destinations and simplifying customs clearance, the project significantly improved efficiency.
With the success of the pilot project, the South Korean government is now looking to expand this multimodal transportation service to provide more reliable and cost-effective options for businesses looking to export goods to Central Asia. The new trade route is expected to strengthen economic ties between the two regions and boost trade volumes.
WEEKLY HOT
- 1Opening a 'New Horizon' for Korea-Pakistan Economic Cooperation… Exchange Event Successfully Held in Changwon
- 2Zeekr Targets 2,000 Sales for '7X' EV in South Korea This Year
- 3Tesla and BYD Penetrate South Korea’s Stronghold as Domestic Auto Sales Stumble
- 4Incheon Semiconductor High School Partners with Chungnam National University to Foster Next-Gen Tech Talent
- 5Murata Unveils Next-Gen Resin Electrode MLCC for Automotive Applications
- 6L&F Plus Secures KRW 220 Billion from National Growth Fund to Anchor South Korea’s First Mass LFP Cathode Production