Swissport takes over Korean joint venture

Swissport has taken full control of its Swissport Korea joint venture, having previously held a 59% shareholding.

It entered the Korean market in 2005 with local partners and since then has tripled its revenue, expanded its services and its customer base.

Prior to the pandemic, Swissport Korea had 1,200 employees serving airlines including Emirates, FedEx, Air Canada, AeroMexico, among others.

Brad Moore, Managing Director for Asia-Pacific at Swissport says: “We want to leverage the significant growth opportunities in Korea and throughout Asia and are delighted that our founding partner J.W. Kim will continue to maintain strong ties with Swissport Korea.”

In 2019, Swissport Korea opened the country’s first regulated cargo terminal at Incheon airport, serving forwarding agents and airlines off airport.

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