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.

Photo: PR VIking

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.

For shipowners using Viking's equipment on their vessels, the coast is now clear for picking up new equipment from Viking even when sailing far away from the company's headquarters in Denmark.

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