Viking embarks on South Korean joint venture
South Korea's biggest port, Busan, will now be the home of a joint venture between Viking and local partner Daemyung Marine Co. Ltd. Viking will own a majority stake in the enterprise while also getting closer to the Asian customers in its portfolio.
by DANIEL LOGAN
Viking and Daemyung Marine are forming a new joint venture under the name VIKING Life-Saving Equipment Korea LLC, which will be operated from South Korea's biggest port, Busan. Using completely new facilities in the port, Viking's life-saving gear will be sent to carriers and operators in Korean ports while also being in reach of a big part of the Asian market, informs Viking in a press release.
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