Establishment of MOL (Korea) - Joint Venture Company with PANCON -
May 24, 2016
Tokyo - Mitsui O.S.K. Lines, Ltd. (MOL, President & CEO: Junichiro Ikeda), agreed with Pan Continental Shipping Co.,Ltd. (PANCON, President :Sangbok Lee) to establish Joint Venture company in Seoul / Korea which will mainly handle ship agency business.
MOL is now enhancing linkage of group resources under a common value slogan "One MOL" and this joint venture company is expected to contribute to reinforcement of such a valued customer service in Korea as strategic important market.
Further details announcement for business commencement will be made as soon as it is ready for release.
|Name||： MOL (Korea) Co.,Ltd.|
|Head office||： Seoul, Korea|
|Paid-in Capital||： KRW 800,000,000.-|
|Shareholders||： MOL 70％, PANCON 30％|