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Introduction of Crown Worldwide

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작성일17-05-31 15:04 조회385회

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1.    Introduction of Crown Worldwide Group

 

     In 1965, American James E. Thompson (Jim Thompson) (then residing in Yokohama, Japan), recognized the need for an international moving service, so established Crown Worldwide Group.

The Crown Worldwide Group, headquartered in Hong Kong, provides transportation, relocation services, logistics and storage services from offices in 54 countries, into 56 Languages, over 266 Facilities, with 4,926 Employees. Services include international and domestic household goods shipments, global mobility, departure and destination services, fine arts transportation, records management, freight forwarding, third-party distribution, wine storage, and specialized logistics services.

 

 

 

 

 

 

2.    Why did you invested in Korea?

 

     After our Chairman set operation in Japan he set up a second operation in Hong Kong, which was starting to boom with investment after the end of the Cultural Revolution. The company then opened operations across Asia: Singapore, Indonesia, Malaysia, the Philippines and Taiwan. By the late 1970s, Crown moved its head office permanently to Hong Kong where it remains today. Through acquisitions and new start-ups, Crown Relocations developed operations throughout Europe, the Middle East, Africa, Australasia, North and South America. Growth continued in Asia, moving into China in the early eighties then into other developing countries like Vietnam, Cambodia, Myanmar and India. Controlled growth has always been Jim’s philosophy and investing in the markets that Crown operates in has been a strategy for the past 50 years Crown Worldwide HQ needed to open an operation in South Korea due to the extensive services provided to our Global clients such as Banking, Oil & Gas, Services, Law Firm. We provide relocation, mobility, records management until today.

 

 



 

3.    Evaluate Korea’s Global Competitiveness and investment environment compared to other Asia countries

 

     South Korea’s global competitiveness in the World Economic Forum’s rankings slipped to 26th this year, down one spot from last year and the lowest rung achieved by the nation since 2004. The slide down the ranking was due to an uneven performance, with ratings on its institutions and labor market efficiency both declining. Middling performance in financial market development in particular prevented Korea from closing the competitiveness gap with three other Asian tigers of Singapore, Hong Kong and Taiwan.

“South Korea possesses a remarkably sound macroeconomic environment and has excellent infrastructure and enrolment rates at all levels of education. The country’s high degree of technological adoption and business sophistication are strong factors behind its remarkable capacity for innovation.”

 

 

 

 

4.    What support do you want from the Korean government?  Also, what is the obstacle of investment activities and business activities?

-       South Korea and other advanced economies, such as Japan and Taiwan, face a common challenge in the rigidity of their labor markets. South Korea needs to create conditions in liberating the labor market that lead to disruptive innovation.

-       South Korea need better billetaral Free Trade Agreement, not only with the USA but Europeans Countries also.

 

 

 

 

5. What is the reason for a multinational’s success in Korea?

 

     South Korea the“Asian miracle” since the 1960s Korea has increased its per capita GDP more quickly than any of its neighbors in APAC which attract Global firms. The country shows that it’s willing to invest, it spends a bigger percentage of its GDP on research and development than Germany, the United Kingdom, or the United States do. For Example places like Free Economic Zones like Songdo.

 

 

 

 

6.    What are your management plans in 2017?

 

     2017 is a year of local political turmoil involving 1 of the biggest conglomerate “Samsung” & furthermore the election of Donald Trump. We will be cautious on further spending’s & look for Business Development for every foreign investing company in Korea, that will lead Crown into a position to understand his market & adept accordingly.


 

 

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