{"id":82840,"date":"2025-08-14T18:37:14","date_gmt":"2025-08-14T18:37:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/82840\/"},"modified":"2025-08-14T18:37:14","modified_gmt":"2025-08-14T18:37:14","slug":"287m-fund-fuels-global-supply-chain-play","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/82840\/","title":{"rendered":"$287M fund fuels global supply chain play"},"content":{"rendered":"\n

Korea Ocean Business Corp. (KOBC) recently completed the purchase of a $120 million logistics center in Dalton, Georgia, according to a news release<\/a>.<\/p>\n

The South Korean state-backed maritime financial firm has created a public-private fund \u2014 known as the Global Logistics Supply Chain Investment Fund \u2014\u00a0 that could reach up to $287 million<\/a>, and is aimed at snapping up logistics warehouses across Georgia.<\/p>\n

The goal is to improve supply chain competitiveness for Korean-owned firms selling products in the U.S., KOBC officials said.<\/p>\n

KOBC made the Dalton acquisition through a partnership with Korean logistics company LX Pantos.<\/p>\n

\u201cWe plan to continue investing in new port and logistics infrastructure with LX Pantos Logistics to support our export\/import logistics companies\u2019 entry into overseas markets,\u201d Byung-Gil Ahn, CEO of KOBC, said in a statement<\/a> on March 12. \u201cWe plan to spare no effort in supporting investments to secure key overseas ports and logistics bases for our companies.\u201d<\/p>\n

The Global Logistics Supply Chain Investment Fund was created in 2018. KOBC said it is pursuing follow-up investment projects in Savannah, as well as a property in Port Klang, Malaysia.<\/p>\n

The LX Pantos-operated facility in Dalton is expected to serve as a hub logistics supply chain for Korean import and export companies in the U.S. The two-building facility includes 1.2 million-square-feet of warehouse space.<\/p>\n

Dalton is located about 90 miles from Atlanta. The warehouse is near 140 domestic companies, including leading automotive and battery manufacturers, KOBC officials said.<\/p>\n

\u201cGeorgia is a strategic hub for overseas supply chains where many domestic companies have advanced into, and in the future, it can be utilized as a stable logistics supply chain base in the U.S. for Korean exporters and importers,\u201d Yoon Sang-ho, head of the marine finance division at KOBC, said in a statement.<\/p>\n

\u201cFurthermore, this logistics center will be designated as an \u201cOverseas Joint Logistics Center,\u201d strengthening support for overseas expansion by Korean small and medium-sized export and import companies.\u201d<\/p>\n

U.S. goods and services trade with South Korea totaled $239.6 billion in 2024, up 8% year-over-year compared to 2023.<\/p>\n

For the month of July, South Korea was the eighth largest trade partner of the U.S., totaling $17 billion in two-way commerce.<\/p>\n

The U.S. primarily exports machinery, mineral fuels, and chemicals from South Korea, while importing cars, electronic goods and industrial machinery. Agriculture is also a key area of trade, with the U.S. exporting agricultural products to South Korea.<\/p>\n

The Trump administration announced on July 31 it has reached a deal with South Korea that includes a 15% tariff on imports from the Asian nation.<\/p>\n

As part of the agreement, U.S. exports to South Korea will not face duties. South Korea will buy $100 billion in U.S. energy products and invest $350 billion into the U.S. shipbuilding sector, as well as production of semiconductors, secondary batteries and biotech products.<\/p>\n

The trade agreement between South Korea and the U.S. averts a steeper 25% import duty that would have started on Tuesday.<\/p>\n

The post South Korea goes big in Georgia: $287M fund fuels global supply chain play<\/a> appeared first on FreightWaves<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Korea Ocean Business Corp. (KOBC) recently completed the purchase of a $120 million logistics center in Dalton, Georgia,…\n","protected":false},"author":2,"featured_media":82841,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,57794,101,681,57792,57789,57790,57791,57793,57795,27752,26928],"class_list":{"0":"post-82840","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-dalton","10":"tag-economy","11":"tag-georgia","12":"tag-kobc","13":"tag-korea-ocean-business-corp","14":"tag-logistics-center","15":"tag-logistics-companies","16":"tag-logistics-company","17":"tag-logistics-infrastructure","18":"tag-south-korean","19":"tag-supply-chain"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/82840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=82840"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/82840\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/82841"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=82840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=82840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=82840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}