ECONOMY

Plan for global expansion of the Korean Register

The Korean Register of Shipping, one of the world’s leading classification societies, reiterated its expansion course in the global shipping market and its confidence in Greek shipping during a meeting hosted at the Astir Palace hotel in Vouliagmeni, south of Athens, on Tuesday.

Kwon Jae-geun, the register’s vice president and Europe headquarters manager, told Kathimerini that the Korean Register (KR) is expanding. It has 2,914 ships totaling 63.2 gt under its class.

KR has had its European headquarters in Athens since 2008. Its new headquarters is in Busan, South Korea, but besides regional headquarters in Athens, Shanghai and Singapore, KR has another 60 offices around the world.

After the election of Chon Young-kee as new chairman and chief executive officer of KR in March, the register intends to grow even more international and diverse. It professes that its ultimate aim is to become “a total engineering service provider,” through synergies with its sister companies, – iKR (Innovation KR) and KRE (KR Engineering Co Ltd).

It also intends to become more active in global organizations such as the International Association of Classification Societies (IACS) and the International Maritime Organization (IMO).