The role of freight forwarder for each transportation
One of the goods example of transport intermediaries in Korea is the Freight Forwarder. Freight Forwarding business can be found in the maritime in the transportation and the air transportation as well.
Because most of the goods are exported and imported by the sea transportation, the Freight Forwarder focusing on the maritime transportation is prevalent in Korea.
The Freight Forwarder plays an important role as an intermediary or a carrier. To many the Freight Forwarder may harm the stable international transportation. The financial status of the Freight Forwarder may be important when the shipper or the carrier seeks for compensation against the Freight Forwarder, in the respects, the need for regulation Freight Forwarder arises. The korean government imposes several requirements upon an Freight Forwarder before it obtains a license from the relevant government. One of the requirements is related to the financial status.