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Meeting of Cargo Owners for Win-Win Development of the Logistics Industry
2023-01-05 hit 181
Meeting of Cargo Owners for Win-Win Development of the Logistics Industry
Meeting of Cargo Owners for Win-Win Development of the Logistics Industry
On the 5th, the Korea International Trade Association (KITA, Chairman Christopher Koo) held a “Meeting of Cargo Owners for Win-Win Development of the Logistics Industry” at the Samsung-dong Trade Tower. Members listened to the opinions of the trade industry regarding the structural improvement of the domestic cargo transport market pursuant to the termination of the safe fare system via the sunset clause, and discussed countermeasures.

 

At the meeting on this day, KITA Executive Vice Chairman Jeong Marn-Ki said, “I hope that after the termination of the safe fare system via the sunset clause, cargo transport fares shall be adjusted according to market economy principles.” “We need to establish a practice in which transport fares are determined in a direction that enables win-win cooperation, based on ongoing income gain by the vehicle owner and innovation,” he remarked, adding, “To date, the cargo transport market has been characterized by inefficiencies, such as reduction in vehicle owner profits and increase in cargo owner costs, due to the system in which vehicle owners are registered to work for logistics companies, and multi-stage transaction structures. By taking into account the fact that efficiency of the cargo transport market is diminished due to its monopolistic structure resulting from new entry barriers, the system shall be reformed so that market vibrancy can be heightened while profits go to both the vehicle owner and the cargo owner.” “KITA shall participate in the government-led “Council for Development of the Logistical Industry” as the representative of cargo owners, and endeavor to achieve various goals, such as the adoption of the digital transport mediation platform connecting cargo owner and vehicle owner; abolishing the cargo vehicles’ license plate regulation system based on total volume; improving the system in which vehicle owners are registered to work for logistics companies, and the multi-stage transaction structure; as well as adopting the rule to submit the Digital Tacho Graph to secure safety for cargo vehicle drivers,” he said.
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