May 24, 2016
Tokyo - Mitsui O.S.K. Lines, Ltd. (楽天 ビンゴ, President & CEO: Junichiro Ikeda), agreed with Pan Continental Shipping Co.,Ltd. (PANCON, President :Sangbok Lee) to establish Joint Venture company in Seoul / Korea which will mainly handle ship agency business.
楽天 ビンゴ is now enhancing linkage of group resources under a common value slogan "One 楽天 ビンゴ" and this joint venture company is expected to contribute to reinforcement of such a valued customer service in Korea as strategic important market.
Further details announcement for business commencement will be made as soon as it is ready for release.
| Name | : 楽天 ビンゴ (Korea) Co.,Ltd. |
| Head office | : Seoul, Korea |
| Paid-in Capital | : KRW 800,000,000.- |
| Shareholders | : 楽天 ビンゴ 70%, PANCON 30% |