This Asian tiger experienced enviable economic growth during the 30 years after the Korean War, thanks, in part, to excellent management of investments coming from the US and Japan, two of its most important trading partners. Ocean freight transport to South Korea is tremendously important, as the country imports more than half-a-billion dollars of goods from all over the world.
South Korea is the second-greatest world power in terms of naval capabilities, which points to the importance of foreign trade, one of the principal motors of the country’s economy, along with the textile industry, steel, automobiles, chemicals, and, particularly, electronics.
Low unemployment levels, sustained growth even in times of crisis, and a per-capita GDP that places it as the twelfth-largest economy in the world make ocean freight transportation to South Korea a leading option for exports to Asia.
When you contract for ocean freight transportation to South Korea, you will have two standard options, between which you should choose based on the nature of your shipment: full container (FCL) or groupage (LCL).
FCL is ideal for those dealing with shipment volumes of 11 to 25 Europallets (each Europallet having a dimension of 1.2m x 0.8m) or 10 or 21 american pallets, as these are the maximum capacities of the 20-foot and 40-foot containers respectively. This will allow you the greatest cost-efficiency in shipping a container to South Korea. Shipping a full container, as well, will allow you to safeguard the integrity of your goods, avoiding any possibly damage or contamination that may arise as a consequence of contact with other exporters’ goods.
You should know that there are available or you can pack your shipment using two types of pallets: Standard or American pallet (1.2m/47 ¼” X 1m/39 3⁄8”) and Euro (1.2m/47 ¼” X .8m/31 ½”). It is important to know which pallets you are using and if your cargo is stackable in order to calculate your shipping charge.
On the other hand, groupage will be your most viable option if the volume of your shipment does not approach at least half of the maximim capacity of a full container. LCL involves sharing a container with other exporters in a way that allows each one to pay only for the space he or she uses.
South Korea is ranked in the Top 5 in Doing Business, which has encouraged many businesses to invest in exporting their products to this country. Foreign trade easily exceeds a billion dollars, an enormous part of which is conducted via ocean freight transportation, motivated by the fact that the South Korean coast supports an important network of ports: Busan, Gwangyang, Incheon and Seoul.
If the value of the shipment is high, the weight is not relevant and you are running short of time, you might be interested in quoting an air freight shipment - taking into consideration the limitations on air freight shipments with respect to volume and weight - by using the calculator provided by iContainers.>>.