"After more than a decade of cohabitation, UPS assumed full control of its activities in Korea in June, acquiring partner Korea Express's 40 percent share in the joint venture the pair had run since 1996.
The integrator and its Korean partner continue to work together feeding traffic to one another, but the deal gives UPS full autonomy to chart its course in an Asian country with a vibrant economy and a strong interest in promoting logistics and connections to China."
http://www.aircargoworld.com/regions/pacific_0808.htm